TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0292%/8h= +32.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.055%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.016%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2902.900% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.016%, 7d avg +0.005%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.029% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRX/USD	0.3485	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	39m 27s	$123K	—	150x
Short	Kraken Futures PF_TRXUSD	0.3486	0.0295	get 0.0037% / 1h	39m 27s	$2.4M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.016%Rate

Funding earned: $61.33
Price spread: +0.016% → +0.005%: $1.16
Slippage, 4 orders: −$269.98
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$227.48
Costs to cover: 2.900%
Break-even: 33.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 65 min ago; Kraken Futures: live order book, 4 min ago.

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), 65 min ago	130.01 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell Kraken Futures live order book, 4 min ago	3.16 bp	9.5 bp −$9	15.8 bp −$158	doesn't fit	doesn't fit

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	0.3482	−0.099%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0075%	8h	0.3483	−0.067%	$835K	$952K	75x	as long as short
Phoenix TRX	−0.0023%	1h	0.3482	−0.089%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3485	0.000%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0008%	1h	0.3485	long leg	$123K	—	150x
Backpack TRX_USDC_PERP	+0.0011%	1h	0.3484	−0.043%	$62K	$5K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.274%	$1K	$163K	12x	as long as short
SoDEX TRX-USD	+0.0047%	1h	0.3484	−0.028%	$409	$5K	5x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3483	−0.063%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0087%	8h	0.3483	−0.077%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3483	−0.077%	$487K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3484	−0.028%	$14K	$61K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3487	+0.035%	$13.3M	$2.8M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3483	−0.066%	$972K	$714K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3483	−0.080%	$106.9M	$63.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3483	−0.066%	$53.5M	$12.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3483	−0.080%	$15.7M	$10.8M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3483	−0.071%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3483	−0.074%	$19.2M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3485	−0.005%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3482	−0.103%	$9.8M	$4.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3480	−0.160%	$569K	$33K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3480	−0.149%	$593K	$460K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3482	−0.109%	$116K	$596K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3483	−0.075%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3485	−0.023%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3482	−0.109%	$205K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3483	−0.079%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3484	−0.028%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSDshort	+0.0295%	1h	0.3486	+0.016%	$2.4M	$1.9M	25x
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3485	−0.002%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0565%	1h	0.3489	+0.094%	$878K	$743K	25x	as long as short