Funding you earn now, next payment 02:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h +0.046%
Price spread now: Kraken Futures against KuCoin+0.009%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.009%, 7d avg +0.030%
=Funding pays, the price is against you. Kraken Futures is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.030%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$14 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment. 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 | KuCoin TRXUSDTM | 0.3479 | 0.0050 | pay 0.0050% / 8h | 6h 01m | $8.7M | $3.5M | 75x |
| Short | Kraken Futures PF_TRXUSD | 0.3479 | 0.0523 | get 0.0065% / 1h | 1m 47s | $2.3M | $1.6M | 25x |
KuCoin TRXUSDTM
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $99.35
- Price spread: +0.009% → +0.030%
- −$2.02
- Slippage, 4 orders
- −$23.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $52.24
- Costs to cover
- 0.451%
- Break-even
- 3.3 days
Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 2 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 KuCoin live order book, 1 min ago | 1.01 bp | 11.3 bp −$11 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 3.59 bp | 9.4 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
TRX on 31 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 | 0.3478 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3475 | −0.098% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3478 | −0.006% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3478 | −0.025% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.081% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTMlong | +0.0050% | 8h | 0.3479 | long leg | $8.7M | $3.5M | 75x | |
| Backpack TRX_USDC_PERP | +0.0084% | 1h | 0.3477 | −0.055% | $59K | $4K | 10x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3477 | −0.037% | $485K | $663K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3477 | −0.046% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0098% | 8h | 0.3477 | −0.041% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3479 | +0.014% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3477 | −0.041% | $960K | $673K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3478 | −0.021% | $103.5M | $53.8M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3478 | −0.009% | $54.2M | $10.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3478 | −0.009% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3478 | −0.020% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3478 | −0.032% | $19.0M | $2.1M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3479 | +0.006% | $10.3M | $3.3M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3478 | −0.017% | — | $32.8M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3473 | −0.164% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3472 | −0.179% | $592K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | −0.184% | $115K | $562K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.161% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3478 | −0.020% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3475 | −0.091% | $838K | $814K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3478 | −0.020% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3478 | −0.029% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3476 | −0.086% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3477 | −0.042% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0523% | 1h | 0.3479 | +0.009% | $2.3M | $1.6M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0722% | 1h | 0.3481 | +0.073% | $816K | $478K | 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-USDT
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
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL