Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.043%
Price spread now: Orderly against KuCoin+0.020%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.020%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3440 | 0.0018 | pay 0.0018% / 8h | 2h 25m | $8.7M | $3.6M | 75x |
| Short | Orderly PERP_TRX_USDC | 0.3441 | 0.0089 | get 0.0089% / 8h | 2h 25m | $14K | $107K | 20x |
KuCoin TRXUSDTM
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $14.87
- Price spread: +0.020% → −0.002%
- $2.21
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.91
- Costs to cover
- 0.180%
- Break-even
- 7.4 days
Slippage unknown: KuCoin: live order book, 3 min ago; Orderly: 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 KuCoin live order book, 3 min ago | 1.02 bp | 16.7 bp −$17 | 132.6 bp −$1,326 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 0.3441 | +0.012% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | −0.003% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3436 | −0.109% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | −0.035% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0055% | 1h | 0.3441 | +0.012% | $58K | $5K | 10x | as long as short |
| Aster TRXUSDT | −0.0049% | 8h | 0.3441 | +0.016% | $951K | $638K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.032% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0029% | 8h | 0.3440 | −0.017% | $826K | $709K | 75x | as long as short |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3441 | +0.035% | $17.5M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | −0.0002% | 8h | 0.3441 | +0.023% | $99.3M | $49.0M | 75x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3440 | +0.009% | $483K | $628K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | +0.005% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.063% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3440 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| SoDEX TRX-USD | +0.0013% | 1h | 0.3441 | +0.023% | $401 | $5K | 5x | as long as short |
| KuCoin TRXUSDTMlong | +0.0018% | 8h | 0.3440 | long leg | $8.7M | $3.6M | 75x | |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3441 | +0.020% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0069% | 8h | 0.3441 | +0.012% | — | $40.0M | — | as long as short |
| Bitget TRXUSDT | +0.0070% | 8h | 0.3441 | +0.032% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3441 | +0.023% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.022% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.075% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0089% | 8h | 0.3441 | +0.020% | $14K | $107K | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.078% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.020% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.029% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.009% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.080% | $196K | $917K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3439 | −0.032% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0166% | 1h | 0.3441 | +0.023% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0252% | 1h | 0.3445 | +0.134% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.052% | $20K | — | 100x | as long as short |
Lighter TRX
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDT
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]