Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h +0.037%
Price spread now: Kraken Futures against Gate+0.042%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.042%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3440 | 0.0084 | pay 0.0084% / 8h | 1h 12m | $9.6M | $2.5M | 75x |
| Short | Kraken Futures PF_TRXUSD | 0.3441 | 0.0026 | get 0.0003% / 1h | 12m 42s | $1.9M | $1.0M | 25x |
Gate TRX_USDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$12.08
- Price spread: +0.042% → +0.030%
- $1.14
- Slippage, 4 orders
- −$17.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$53.68
- Costs to cover
- 0.427%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Gate live order book, 1 min ago | 0.87 bp | 12.3 bp −$12 | 24.1 bp −$241 | 35.3 bp −$3,534 | 62.2 bp −$31.1K |
| Sell Kraken Futures live order book, 1 min ago | 0.14 bp | 9.5 bp −$10 | 15.5 bp −$155 | 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 | 0.3439 | −0.013% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.041% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0071% | 8h | 0.3439 | −0.026% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.041% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.015% | $562K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0054% | 8h | 0.3439 | −0.012% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0032% | 1h | 0.3440 | +0.017% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3438 | −0.054% | $826K | $720K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0002% | 8h | 0.3440 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.082% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.048% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3439 | −0.009% | $482K | $637K | 10x | as long as short |
| Aster TRXUSDT | +0.0013% | 8h | 0.3440 | +0.020% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.019% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0016% | 8h | 0.3440 | +0.006% | $99.3M | $48.2M | 75x | as long as short |
| MEXC TRX_USDT | +0.0017% | 8h | 0.3440 | +0.009% | $18.2M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.0019% | 1h | 0.3440 | +0.006% | $399 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0026% | 1h | 0.3441 | +0.042% | $1.9M | $1.0M | 25x | |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3440 | −0.001% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0065% | 8h | 0.3440 | +0.006% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3440 | +0.020% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDTlong | +0.0084% | 8h | 0.3440 | long leg | $9.6M | $2.5M | 75x | |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.059% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | +0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.054% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | 0.000% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.020% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.007% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | −0.009% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.057% | $196K | $919K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.037% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0453% | 1h | 0.3444 | +0.125% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Aster TRXUSDT
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL