Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against BloFin+0.073%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.073%, 7d avg +0.027%
=The price spread pays, funding is against you. Kraken Futures is 0.046% dearer against BloFin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.027%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.277% in total) that is about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3460 | 0.0216 | pay 0.0216% / 8h | 7h 00m | $4.7M | $4.0M | 50x |
| Short | Kraken Futures PF_TRXUSD | 0.3463 | 0.0172 | get 0.0022% / 1h | 0m 59s | $2.3M | $1.5M | 25x |
BloFin TRX-USDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$9.14
- Price spread: +0.073% → +0.027%
- $4.61
- Slippage, 4 orders
- −$15.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$41.72
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 3 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 BloFin live order book, 3 min ago | 0.87 bp | 8.8 bp −$9 | 12.6 bp −$126 | 32.6 bp −$3,256 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.33 bp | 9.3 bp −$9 | 19.7 bp −$197 | doesn't fit | doesn't fit |
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 | +0.012% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0068% | 8h | 0.3461 | +0.026% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | +0.072% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.057% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.034% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.561% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0036% | 1h | 0.3460 | −0.023% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0083% | 8h | 0.3461 | +0.014% | $565K | $37K | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | +0.009% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3461 | +0.025% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0094% | 8h | 0.3461 | +0.023% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0096% | 8h | 0.3461 | +0.028% | $101.5M | $49.0M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3461 | +0.003% | $484K | $635K | 10x | as long as short |
| Extended TRX-USD | +0.0096% | 1h | 0.3460 | −0.003% | $196K | $1.0M | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3463 | +0.078% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3460 | −0.008% | $956K | $667K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3461 | +0.017% | $55.0M | $8.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3461 | +0.029% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3461 | +0.020% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3463 | +0.061% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3461 | +0.029% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3460 | −0.015% | $590K | $442K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3461 | +0.023% | $115K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.064% | $197K | $978K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3461 | +0.017% | $404 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3459 | −0.033% | $831K | $778K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3462 | +0.035% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3459 | −0.042% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0172% | 1h | 0.3463 | +0.073% | $2.3M | $1.5M | 25x | |
| BloFin TRX-USDTlong | +0.0216% | 8h | 0.3460 | long leg | $4.7M | $4.0M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3461 | +0.018% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0666% | 1h | 0.3465 | +0.124% | $844K | $425K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL