TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Phoenix−0.044%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.044% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TRX	0.3439	−0.0070	get 0.0009% / 1h	31m 04s	$5K	$13K	10x
Short	SoDEX TRX-USD	0.3438	−0.0010	pay 0.0001% / 1h	31m 04s	$404	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $12.59
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.77
Costs to cover: 0.150%
Break-even: 10.8 days

Slippage unknown: Phoenix: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Phoenix and SoDEX: 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	0.3437	−0.065%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0089%	8h	0.3437	−0.061%	$54.7M	$8.2M	75x	as long as short
Variational Omni TRX	−0.0086%	8h	0.3436	−0.079%	$562K	$39K	—	as long as short
Phoenix TRXlong	−0.0070%	1h	0.3439	long leg	$5K	$13K	10x
Aster TRXUSDT	−0.0054%	8h	0.3438	−0.020%	$951K	$638K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	−0.003%	$1K	$100K	12x	as long as short
Backpack TRX_USDC_PERP	−0.0047%	1h	0.3438	−0.038%	$58K	$5K	10x	as long as short
HTX TRX-USDT	−0.0032%	8h	0.3437	−0.068%	$825K	$708K	75x	as long as short
SoDEX TRX-USDshort	−0.0010%	1h	0.3438	−0.044%	$404	$5K	5x
Lighter TRX	−0.0008%	1h	0.3438	−0.047%	$483K	$628K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	−0.0002%	8h	0.3438	−0.025%	$99.3M	$49.1M	75x	as long as short
MEXC TRX_USDT	−0.0002%	8h	0.3438	−0.026%	$17.2M	$1.6M	200x	as long as short
Extended TRX-USD	0.0000%	1h	0.3437	−0.060%	$196K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3439	+0.005%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0008%	8h	0.3437	−0.049%	$15.6M	$8.8M	50x	as long as short
KuCoin TRXUSDTM	+0.0030%	8h	0.3436	−0.087%	$8.7M	$3.6M	75x	as long as short
Paradex TRX-USD-PERP	+0.0042%	8h	0.3437	−0.051%	$9K	$385	20x	as long as short
BingX TRX-USDC	+0.0068%	8h	0.3438	−0.041%	—	$6.5M	—	as long as short
Bitget TRXUSDT	+0.0068%	8h	0.3438	−0.044%	$9.4M	$2.1M	75x	as long as short
Phemex TRXUSDT	+0.0074%	8h	0.3438	−0.032%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3436	−0.084%	$33K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3440	+0.012%	$1.9M	$977K	25x	as long as short
Orderly PERP_TRX_USDC	+0.0088%	8h	0.3438	−0.032%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3440	+0.020%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3438	−0.041%	$9.7M	$2.5M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3438	−0.041%	$587K	$436K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3439	0.000%	$115K	$541K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3441	+0.054%	$196K	$916K	30x	as long as short
BloFin TRX-USDT	+0.0118%	8h	0.3439	0.000%	$4.6M	$4.0M	50x	as long as short
dYdX TRX-USD	+0.0154%	1h	0.3439	−0.013%	$181K	$10K	10x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0270%	1h	0.3442	+0.078%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3439	−0.002%	$20K	—	100x	as long as short