Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.007%
Price spread now: Phemex against Paradex−0.003%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRX-USD-PERP | 0.3470 | 0.0097 | pay 0.0097% / 8h | 6h 26m | $9K | $251 | 20x |
| Short | Phemex TRXUSDT | 0.3470 | 0.0100 | get 0.0100% / 8h | 6h 26m | $3.9M | $1.7M | 50x |
Paradex TRX-USD-PERP
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- $0.58
- Price spread: −0.003% → 0.000%
- −$0.28
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.7
- Costs to cover
- 0.160%
- Break-even
- 197.6 days
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 2 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 0.14 bp | 9.7 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
Paradex: 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 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 | 0.3471 | +0.029% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3469 | −0.011% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0001% | 8h | 0.3472 | +0.055% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3470 | +0.021% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3471 | +0.025% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.827% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0057% | 1h | 0.3469 | −0.026% | $59K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0090% | 8h | 0.3468 | −0.039% | $833K | $794K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0094% | 8h | 0.3470 | +0.012% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3470 | +0.017% | $485K | $661K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERPlong | +0.0097% | 8h | 0.3470 | long leg | $9K | $251 | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3472 | +0.061% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3470 | −0.004% | $958K | $669K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | +0.023% | $102.8M | $50.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3471 | +0.026% | $54.9M | $9.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3471 | +0.043% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3471 | +0.026% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3470 | +0.009% | $18.5M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3471 | +0.046% | $10.4M | $3.2M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3471 | +0.029% | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3471 | +0.035% | $566K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3468 | −0.058% | $592K | $447K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3468 | −0.060% | $115K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3466 | −0.095% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3470 | −0.003% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3470 | −0.003% | $3.9M | $1.7M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3470 | +0.007% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3468 | −0.036% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3470 | +0.008% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0524% | 1h | 0.3471 | +0.036% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0684% | 1h | 0.3473 | +0.102% | $800K | $463K | 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-USDC
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL