Funding you earn now, next payment 10:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.030%
Price spread now: ApeX Omni against Kraken Futures−0.154%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Funding, last 7 days+0.298%+$30 on $10k
+Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.154%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.133% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.298%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3492 | 0.0256 | pay 0.0032% / 1h | 20m 55s | $2.4M | $1.7M | 25x |
| Short | ApeX Omni TRXUSDT | 0.3487 | 0.0100 | get 0.0013% / 1h | 20m 55s | $117K | $618K | 50x |
Kraken Futures PF_TRXUSD
ApeX Omni TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$32.71
- Price spread: −0.154% → −0.021%
- −$13.33
- Slippage, 4 orders
- −$28.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$94.5
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; ApeX Omni: live order book, 30 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 Kraken Futures live order book, 1 min ago | 3.72 bp | 12.3 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 30 min ago | 4.59 bp | 12.5 bp −$12 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0203% | 8h | 0.3489 | −0.091% | $835K | $947K | 75x | as long as short |
| Aster TRXUSDT | −0.0194% | 8h | 0.3485 | −0.207% | $970K | $924K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3490 | −0.050% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3492 | +0.006% | $5K | $14K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0012% | 1h | 0.3491 | −0.048% | $63K | $5K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3491 | −0.025% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3492 | −0.006% | $126K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.466% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3492 | −0.017% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3491 | −0.028% | $484K | $669K | 10x | as long as short |
HTX TRX-USDT
Aster TRXUSDT
Reya TRXRUSDPERP
Phoenix TRX
Backpack TRX_USDC_PERP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Lighter TRXShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3491 | −0.039% | $9K | $53 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3491 | −0.026% | $14K | $71K | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3491 | −0.020% | $107.5M | $64.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3492 | −0.005% | $53.7M | $13.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3492 | −0.008% | $15.5M | $11.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3492 | −0.017% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3491 | −0.028% | $18.9M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3492 | −0.011% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3491 | −0.040% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3486 | −0.183% | $578K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3487 | −0.154% | $595K | $509K | 20x | as long as short |
| ApeX Omni TRXUSDTshort | +0.0100% | 1h | 0.3487 | −0.154% | $117K | $618K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3489 | −0.080% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3491 | −0.026% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3491 | −0.026% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3490 | −0.054% | $211K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3490 | −0.074% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | −0.066% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0256% | 1h | 0.3492 | long leg | $2.4M | $1.7M | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3492 | −0.017% | $20K | — | 100x | as long as short |
| Hyperliquid TRX | +0.0452% | 1h | 0.3496 | +0.118% | $14.2M | $2.6M | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0643% | 1h | 0.3495 | +0.086% | $807K | $740K | 25x | as long as short |
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Hyperliquid TRX
Deribit TRX_USDC-PERPETUAL