TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.032%

Price spread now: Injective against Phoenix−0.046%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.046% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TRX	0.3442	−0.0070	get 0.0009% / 1h	57m 39s	$5K	$13K	10x
Short	Injective TRX/USDC PERP	0.3440	−0.0048	pay 0.0006% / 1h	57m 39s	$1K	$89K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now −0.046%Rate

Funding earned: $4.61
Price spread: −0.046% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$7.06
Costs to cover: 0.070%
Break-even: 17.7 days

Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Phoenix and 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	0.3439	−0.065%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0094%	8h	0.3438	−0.105%	$54.7M	$8.2M	75x	as long as short
BingX TRX-USDC	−0.0093%	8h	0.3439	−0.078%	—	$6.5M	—	as long as short
Variational Omni TRX	−0.0081%	8h	0.3439	−0.089%	$562K	$39K	—	as long as short
Backpack TRX_USDC_PERP	−0.0076%	1h	0.3439	−0.064%	$58K	$7K	10x	as long as short
Phoenix TRXlong	−0.0070%	1h	0.3442	long leg	$5K	$13K	10x
Aster TRXUSDT	−0.0056%	8h	0.3439	−0.067%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERPshort	−0.0048%	1h	0.3440	−0.046%	$1K	$89K	12x
Lighter TRX	−0.0040%	1h	0.3438	−0.093%	$483K	$628K	10x	as long as short
HTX TRX-USDT	−0.0038%	8h	0.3439	−0.085%	$826K	$704K	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRX-USD	−0.0026%	1h	0.3439	−0.070%	$400	$5K	5x	as long as short
Binance TRXUSDT	−0.0001%	8h	0.3439	−0.079%	$99.3M	$49.8M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	−0.027%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3438	−0.100%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	0.0000%	8h	0.3439	−0.076%	$17.2M	$1.6M	200x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3441	−0.004%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0013%	8h	0.3438	−0.096%	$15.6M	$8.8M	50x	as long as short
Paradex TRX-USD-PERP	+0.0047%	8h	0.3439	−0.085%	$9K	$385	20x	as long as short
Bitget TRXUSDT	+0.0064%	8h	0.3438	−0.093%	$9.4M	$2.1M	75x	as long as short
KuCoin TRXUSDTM	+0.0075%	8h	0.3438	−0.093%	$8.7M	$3.6M	75x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3438	−0.099%	$33K	—	3x	as long as short
Phemex TRXUSDT	+0.0081%	8h	0.3440	−0.055%	$3.8M	$1.6M	50x	as long as short
Orderly PERP_TRX_USDC	+0.0086%	8h	0.3440	−0.041%	$14K	$107K	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3441	−0.005%	$1.9M	$994K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3441	−0.017%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3439	−0.078%	$9.7M	$2.4M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	−0.040%	$587K	$439K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	−0.012%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.011%	$196K	$915K	30x	as long as short
BloFin TRX-USDT	+0.0119%	8h	0.3440	−0.049%	$4.6M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0350% / S −0.0367%	1h	0.3441	−0.021%	$19K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0386%	1h	0.3443	+0.048%	$828K	$409K	25x	as long as short