Funding you earn now, next payment 05:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.024%
Price spread now: Phoenix against gTrade (Gains Network)−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3490 | L +0.0003% / S −0.0008% | pay 0.0000% / 1h | 23m 22s | $123K | — | 150x |
| Short | Phoenix TRX | 0.3489 | −0.0023 | pay 0.0003% / 1h | 23m 22s | $5K | $14K | 10x |
gTrade (Gains Network) TRX/USD
Phoenix TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.5
- Price spread: −0.013% → 0.000%
- −$1.26
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.76
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Phoenix: 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), 26 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 Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 0.3489 | −0.020% | $5 | — | 20x | as long as short |
| Phoenix TRXshort | −0.0023% | 1h | 0.3489 | −0.013% | $5K | $14K | 10x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3488 | −0.038% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0008% | 1h | 0.3490 | long leg | $123K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.397% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0037% | 8h | 0.3486 | −0.094% | $833K | $922K | 75x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3489 | −0.010% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3489 | −0.015% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3489 | −0.032% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3489 | −0.013% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
dYdX TRX-USD
Injective TRX/USDC PERP
HTX TRX-USDT
BingX TRX-USDC
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3492 | +0.073% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | −0.010% | $967K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3490 | +0.003% | $107.3M | $62.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3489 | −0.021% | $53.9M | $12.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3491 | +0.025% | $15.5M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3490 | +0.002% | $9.8M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3489 | −0.010% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3489 | −0.010% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3489 | −0.027% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3488 | −0.038% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3486 | −0.109% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | −0.106% | $594K | $474K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3488 | −0.053% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3488 | −0.058% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3490 | +0.002% | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3490 | +0.002% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3489 | −0.032% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3488 | −0.051% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | −0.004% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3489 | −0.026% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3491 | +0.032% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0830% | 1h | 0.3494 | +0.118% | $904K | $663K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL