TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h −0.024%

Price spread now: Backpack against gTrade (Gains Network)−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.029% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRX/USD	0.3478	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	4m 03s	$122K	—	150x
Short	Backpack TRX_USDC_PERP	0.3477	0.0055	get 0.0007% / 1h	4m 03s	$62K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.96
Price spread: −0.029% → 0.000%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$11.94
Costs to cover: 0.200%
Break-even: 14.6 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 55 min ago; Backpack: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 55 min ago	130.02 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya TRXRUSDPERP	−0.0133%	1h	0.3477	−0.018%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3477	−0.026%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3476	−0.053%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0008%	1h	0.3478	long leg	$122K	—	150x
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.064%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERPshort	+0.0055%	1h	0.3477	−0.029%	$62K	$5K	10x
BingX TRX-USDC	+0.0070%	8h	0.3477	−0.018%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0094%	8h	0.3476	−0.050%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3478	−0.006%	$485K	$669K	10x	as long as short
HTX TRX-USDT	+0.0096%	8h	0.3476	−0.055%	$835K	$857K	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3477	−0.020%	$15K	$47K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3481	+0.077%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3478	−0.003%	$964K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3478	+0.005%	$105.4M	$58.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3478	0.000%	$53.7M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3478	−0.009%	$15.5M	$9.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3478	−0.003%	$9.7M	$3.0M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3478	+0.005%	$18.8M	$2.2M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3478	−0.006%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3478	+0.005%	$10.4M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3476	−0.061%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3477	−0.042%	$593K	$472K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3477	−0.041%	$116K	$567K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3476	−0.045%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3478	0.000%	$406	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3478	+0.003%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3477	−0.030%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3476	−0.056%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3477	−0.023%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3479	+0.019%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3478	−0.010%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0647%	1h	0.3481	+0.099%	$844K	$504K	25x	as long as short