Funding you earn now, next payment 02:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.007%
Price spread now: Kraken Futures against ApeX Omni−0.005%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.005%, 7d avg +0.018%
=Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.374%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TRXUSDT | 0.3476 | 0.0100 | pay 0.0013% / 1h | 18m 29s | $116K | $561K | 50x |
| Short | Kraken Futures PF_TRXUSD | 0.3476 | 0.0524 | get 0.0065% / 1h | 18m 29s | $2.3M | $1.6M | 25x |
ApeX Omni TRXUSDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $88.94
- Price spread: −0.005% → +0.018%
- −$2.33
- Slippage, 4 orders
- −$23.77
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $42.84
- Costs to cover
- 0.438%
- Break-even
- 3.6 days
Slippage from ApeX Omni: live order book, 49 min ago; Kraken Futures: live order book, 5 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 ApeX Omni live order book, 49 min ago | 4.62 bp | 12.3 bp −$12 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 3.17 bp | 8.2 bp −$8 | 18.7 bp −$187 | 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 | 0.3475 | −0.030% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | +0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | +0.008% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3474 | −0.052% | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.0015% | 8h | 0.3477 | +0.026% | $8.7M | $3.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.010% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0067% | 1h | 0.3474 | −0.052% | $59K | $4K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3477 | +0.012% | — | $6.5M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0095% | 8h | 0.3474 | −0.055% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3476 | −0.012% | $485K | $663K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
KuCoin TRXUSDTM
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
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-PERP | +0.0098% | 8h | 0.3475 | −0.022% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3477 | +0.032% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3475 | −0.026% | $960K | $672K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3476 | +0.002% | $103.2M | $53.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3477 | +0.026% | $54.6M | $10.1M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3476 | −0.009% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3476 | −0.009% | $9.7M | $2.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3476 | −0.003% | $18.7M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3476 | −0.012% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3475 | −0.036% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3475 | −0.042% | $593K | $461K | 20x | as long as short |
| ApeX Omni TRXUSDTlong | +0.0100% | 1h | 0.3476 | long leg | $116K | $561K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.131% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3475 | −0.043% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3474 | −0.075% | $835K | $807K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3475 | −0.043% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3475 | −0.033% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3472 | −0.108% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3474 | −0.065% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0524% | 1h | 0.3476 | −0.005% | $2.3M | $1.6M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0682% | 1h | 0.3478 | +0.056% | $806K | $468K | 25x | as long as short |
Paradex TRX-USD-PERP
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
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