Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.031%
Price spread now: BingX against Backpack+0.038%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.038% dearer against Backpack than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3460 | 0.0035 | pay 0.0004% / 1h | 11m 38s | $59K | $4K | 10x |
| Short | BingX TRX-USDC | 0.3462 | 0.0100 | get 0.0100% / 8h | 7h 11m | — | $6.5M | — |
Backpack TRX_USDC_PERP
BingX TRX-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- $13.59
- Price spread: +0.038% → 0.000%
- $3.76
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2.66
- Costs to cover
- 0.200%
- Break-even
- 8.4 days
Slippage unknown: Backpack: no order-book sample; BingX: live order book, 9 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 Backpack no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 9 min ago | 0.72 bp | 7.2 bp −$7 | 29.1 bp −$291 | 388.4 bp −$38.8K | doesn't fit |
Backpack: 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 | 0.3461 | +0.021% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0083% | 8h | 0.3462 | +0.035% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.098% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.061% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.056% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.558% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERPlong | +0.0035% | 1h | 0.3460 | long leg | $59K | $4K | 10x | |
| Variational Omni TRX | +0.0057% | 8h | 0.3455 | −0.154% | $564K | $37K | — | as long as short |
| MEXC TRX_USDT | +0.0086% | 8h | 0.3462 | +0.043% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0087% | 8h | 0.3462 | +0.049% | $101.1M | $48.7M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0088% | 1h | 0.3461 | +0.022% | $194K | $1.0M | 25x | as long as short |
| HTX TRX-USDT | +0.0089% | 8h | 0.3460 | −0.021% | $831K | $775K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3461 | +0.030% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | +0.014% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3461 | +0.017% | $484K | $630K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0098% | 8h | 0.3462 | +0.052% | $15.5M | $8.5M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3463 | +0.090% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3462 | +0.035% | $958K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3462 | +0.049% | $55.2M | $8.4M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | +0.052% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3464 | +0.101% | $10.3M | $2.9M | 75x | as long as short |
| BingX TRX-USDCshort | +0.0100% | 8h | 0.3462 | +0.038% | — | $6.5M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3457 | −0.100% | $590K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3458 | −0.075% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.066% | $197K | $962K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.035% | $405 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3461 | +0.026% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3459 | −0.035% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3464 | +0.100% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0205% | 8h | 0.3459 | −0.040% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0368% / S −0.0395% | 1h | 0.3462 | +0.043% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0495% | 1h | 0.3465 | +0.132% | $844K | $424K | 25x | as long as short |
Extended TRX-USD
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
OKX TRX-USDT-SWAP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL