Funding you earn now, next payment 05:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.017%
Price spread now: Backpack against HTX+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.104%+$10 on $10k
+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 | HTX TRX-USDT | 0.3484 | 0.0083 | pay 0.0083% / 8h | 3h 33m | $826K | $885K | 75x |
| Short | Backpack TRX_USDC_PERP | 0.3485 | 0.0100 | get 0.0013% / 1h | 33m 54s | $62K | $5K | 10x |
HTX TRX-USDT
Backpack TRX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. 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
- $3.52
- Price spread: +0.018% → 0.000%
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.72
- Costs to cover
- 0.220%
- Break-even
- 40.2 days
Slippage unknown: HTX: live order book, 20 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 HTX live order book, 20 min ago | 4.37 bp | 10.4 bp −$10 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| 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 | 0.3486 | +0.041% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3486 | +0.055% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3485 | +0.028% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3486 | +0.051% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.245% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3486 | +0.049% | — | $6.5M | — | as long as short |
| HTX TRX-USDTlong | +0.0083% | 8h | 0.3484 | long leg | $826K | $885K | 75x | |
| Lighter TRX | +0.0096% | 1h | 0.3486 | +0.049% | $486K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3486 | +0.039% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3486 | +0.038% | $14K | $49K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
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 | 0.3489 | +0.144% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3487 | +0.078% | $966K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | +0.058% | $106.1M | $59.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3486 | +0.046% | $53.8M | $11.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3487 | +0.075% | $15.6M | $10.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | +0.058% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3486 | +0.055% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3487 | +0.075% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3487 | +0.066% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERPshort | +0.0100% | 1h | 0.3485 | +0.018% | $62K | $5K | 10x | |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | +0.014% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3484 | −0.008% | $594K | $464K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | −0.008% | $116K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.005% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | +0.058% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3487 | +0.063% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | +0.030% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3484 | +0.002% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3487 | +0.084% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3486 | +0.058% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0405% / S −0.0481% | 1h | 0.3486 | +0.034% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0728% | 1h | 0.3490 | +0.164% | $844K | $537K | 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
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL