TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.048%

Price spread now: Injective against Kraken Futures−1.182%7-day average −0.262% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.232%+$23 on $10k

Price spread, last 4 days (all we have)+1.180%+$118 · spread now −1.182%, 7d avg −0.262%

Together, before fees+1.411%+$141 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.921% cheaper against Kraken Futures than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of −0.262%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.232%, 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	0.3482	0.0144	pay 0.0018% / 1h	59m 05s	$2.4M	$1.7M	25x
Short	Injective TRX/USDC PERP	0.3441	0.0033	get 0.0004% / 1h	59m 05s	$1K	$163K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −1.182%Rate

Funding earned: −$23.19
Price spread: −1.182% → −0.262%: −$92.06
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$125.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Injective: 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 Kraken Futures live order book, 5 min ago	2.44 bp	12.2 bp −$12	17.4 bp −$174	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	0.3481	−0.043%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3480	−0.054%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3478	−0.109%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3481	−0.031%	$123K	—	150x	as long as short
Injective TRX/USDC PERPshort	+0.0033%	1h	0.3441	−1.182%	$1K	$163K	12x
BingX TRX-USDT	+0.0070%	8h	0.3481	−0.042%	—	$32.8M	—	as long as short
Paradex TRX-USD-PERP	+0.0095%	8h	0.3480	−0.048%	$9K	$251	20x	as long as short
HTX TRX-USDT	+0.0095%	8h	0.3479	−0.086%	$835K	$858K	75x	as long as short
Lighter TRX	+0.0096%	1h	0.3481	−0.031%	$486K	$669K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3481	−0.042%	$15K	$44K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3483	+0.035%	$13.2M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3482	−0.014%	$965K	$695K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3481	−0.025%	$105.7M	$58.9M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3481	−0.034%	$53.7M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3481	−0.031%	$15.5M	$9.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3481	−0.031%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3481	−0.028%	$19.0M	$2.2M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3481	−0.022%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3481	−0.028%	$10.5M	$3.4M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3480	−0.063%	$62K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3478	−0.123%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3479	−0.099%	$593K	$473K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3478	−0.126%	$116K	$567K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3479	−0.079%	$198K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3481	−0.025%	$405	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3481	−0.042%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3480	−0.056%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3479	−0.083%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSDlong	+0.0144%	1h	0.3482	long leg	$2.4M	$1.7M	25x
BloFin TRX-USDT	+0.0220%	8h	0.3482	−0.019%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3481	−0.045%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0606%	1h	0.3485	+0.069%	$853K	$526K	25x	as long as short