Funding you earn now, next payment 22:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.003%
Price spread now: Bitget against Kraken Futures−0.058%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.058%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, 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 | 0.3441 | 0.0087 | pay 0.0011% / 1h | 47m 57s | $1.9M | $978K | 25x |
| Short | Bitget TRXUSDT | 0.3439 | 0.0065 | get 0.0065% / 8h | 2h 47m | $9.4M | $2.1M | 75x |
Kraken Futures PF_TRXUSD
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$4.57
- Price spread: −0.058% → −0.042%
- −$1.6
- Slippage, 4 orders
- −$10.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$38.76
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, just now.
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 | 0.58 bp | 8.3 bp −$8 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 0.14 bp | 7.9 bp −$8 | 12.8 bp −$128 | 26.6 bp −$2,658 | 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 | −0.073% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0095% | 8h | 0.3438 | −0.096% | $54.7M | $8.2M | 75x | as long as short |
| BingX TRX-USDT | −0.0095% | 8h | 0.3439 | −0.058% | — | $38.1M | — | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3439 | −0.084% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | −0.024% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0059% | 1h | 0.3440 | −0.041% | $58K | $7K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.061% | $951K | $636K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.070% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0036% | 8h | 0.3439 | −0.083% | $826K | $705K | 75x | as long as short |
| SoDEX TRX-USD | −0.0033% | 1h | 0.3439 | −0.058% | $404 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
BingX TRX-USDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | −0.050% | $99.3M | $49.3M | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3439 | −0.067% | $483K | $628K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | −0.022% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3438 | −0.085% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3440 | −0.047% | $17.2M | $1.6M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | −0.002% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0010% | 8h | 0.3439 | −0.070% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3440 | −0.049% | $9K | $385 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0062% | 8h | 0.3439 | −0.073% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDTshort | +0.0065% | 8h | 0.3439 | −0.058% | $9.4M | $2.1M | 75x | |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3440 | −0.047% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.101% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3440 | −0.053% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0087% | 1h | 0.3441 | long leg | $1.9M | $978K | 25x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.011% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | −0.055% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.057% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | −0.064% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.018% | $196K | $913K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3440 | −0.050% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0311% | 1h | 0.3444 | +0.070% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | −0.013% | $19K | — | 100x | as long as short |
Binance TRXUSDT
Lighter TRX
dYdX TRX-USD
Extended TRX-USD
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
KuCoin TRXUSDTM
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]