Funding you earn now, next payment 02:00 UTC+0.0492%/8h= +53.8% APRnext payment +$0.61 per $10,000 · paid last 24h +0.037%
Price spread now: Kraken Futures against Injective+0.727%63s7-day average +0.237% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 3 days (all we have)−0.709%−$71 · spread now +0.727%, 7d avg +0.237%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.490% dearer against Injective than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.237%. Mind the row above: over the last 7 days funding on this pair cost −0.257%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.257% in total (about -13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 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 | Injective TRX/USDC PERP | 0.3441 | 0.0033 | pay 0.0004% / 1h | 49m 38s | $1K | $163K | 12x |
| Short | Kraken Futures PF_TRXUSD | 0.3466 | 0.0525 | get 0.0066% / 1h | 49m 38s | $2.3M | $1.6M | 25x |
Injective TRX/USDC PERP
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $103.26
- Price spread: +0.727% → +0.237%
- $49.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $142.27
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 3.46 bp | 9.2 bp −$9 | 16.6 bp −$166 | doesn't fit | doesn't fit |
Injective: 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 | 0.3464 | +0.675% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | +0.628% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0046% | 8h | 0.3465 | +0.709% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.739% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3465 | +0.707% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0015% | 1h | 0.3464 | +0.674% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3464 | +0.660% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3465 | +0.683% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | +0.677% | $485K | $618K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.759% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3465 | +0.686% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3465 | +0.705% | $101.9M | $49.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3465 | +0.697% | $55.0M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3465 | +0.706% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3465 | +0.706% | $9.7M | $2.5M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3465 | +0.703% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.735% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3465 | +0.703% | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | +0.696% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | +0.647% | $591K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3464 | +0.683% | $115K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.601% | $197K | $998K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3465 | +0.700% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.596% | $832K | $791K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3465 | +0.697% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | +0.684% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3463 | +0.646% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | +0.703% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3465 | +0.689% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0525% | 1h | 0.3466 | +0.727% | $2.3M | $1.6M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0627% | 1h | 0.3469 | +0.804% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL