TRX

Alert

Funding spread now, next payment 14:00 UTC+0.0238%/8h

paid, last 24h+0.044%paid, last 5 days−0.006%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.006% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRX_USDC_PERP	0.3439	−0.0250	get 0.0031% / 1h	38m 11s	$60K	$6K	10x
Short	Phemex TRXUSDT	0.3440	−0.0012	pay 0.0012% / 8h	2h 38m	$3.7M	$1.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee PhemexbpOrdersRate

Funding earned: $50.07
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $28.07
Break-even: 3.1 days

Slippage unknown: Backpack: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.035%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phemex live order book, 2 min ago	0.44 bp	8.0 bp −$8	12.2 bp −$122	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX TRX-USDT	−0.0390%	8h	$871K	$656K	75x	as long as short
Backpack TRX_USDC_PERPlong	−0.0250%	1h	$60K	$6K	10x
Aster TRXUSDT	−0.0162%	8h	$1.1M	$308K	75x	as long as short
SoDEX TRX-USD	−0.0143%	1h	$404	$5K	5x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	$5	—	20x	as long as short
Phoenix TRX	−0.0116%	1h	$5K	$5K	10x	as long as short
Extended TRX-USD	−0.0040%	1h	$192K	$1.1M	25x	as long as short
Binance TRXUSDT	−0.0038%	8h	$99.7M	$57.0M	75x	as long as short
MEXC TRX_USDT	−0.0037%	8h	$17.5M	$1.9M	200x	as long as short
BingX TRX-USDT	−0.0037%	8h	—	$11.4M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TRX_USDT	−0.0035%	8h	$9.6M	$2.5M	75x	as long as short
OKX TRX-USDT-SWAP	−0.0016%	8h	$15.5M	$10.8M	50x	as long as short
Phemex TRXUSDTshort	−0.0012%	8h	$3.7M	$1.5M	50x
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	$114K	—	150x	as long as short
Bybit TRXUSDT	+0.0023%	8h	$54.5M	$9.0M	75x	as long as short
Variational Omni TRX	+0.0032%	8h	$558K	$36K	—	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	$1K	$124K	12x	as long as short
KuCoin TRXUSDTM	+0.0064%	8h	$8.2M	$3.4M	75x	as long as short
Aevo TRX-PERP	+0.0072%	1h	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0073%	8h	$15K	$200K	20x	as long as short
Paradex TRX-USD-PERP	+0.0077%	8h	$8K	$333	20x	as long as short
BloFin TRX-USDT	+0.0083%	8h	$4.0M	$4.1M	50x	as long as short
Lighter TRX	+0.0096%	1h	$381K	$201K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	$13.3M	$2.3M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	$9.4M	$2.2M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	$587K	$482K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$548K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$1.2M	30x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0148%	1h	$780K	$398K	25x	as long as short
Kraken Futures PF_TRXUSD	+0.0270%	1h	$1.7M	$775K	25x	as long as short
dYdX TRX-USD	+0.0306%	1h	$187K	$5K	10x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0341% / S −0.0344%	1h	$18K	—	100x	as long as short