Funding you earn now, next payment 23:00 UTC+0.0023%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.029%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.013%52s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2892.885% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.013%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3443 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 23m 31s | $121K | — | 150x |
| Short | Kraken Futures PF_TRXUSD | 0.3443 | 0.0026 | get 0.0003% / 1h | 23m 31s | $1.9M | $1.0M | 25x |
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against gTrade (Gains Network). 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
- $4.91
- Price spread: +0.013% → +0.003%
- $1.05
- Slippage, 4 orders
- −$268.52
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$282.56
- Costs to cover
- 2.885%
- Break-even
- 409.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 60 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 gTrade (Gains Network) virtual book (oracle venue), 60 min ago | 130.01 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Kraken Futures live order book, 5 min ago | 1.02 bp | 7.6 bp −$8 | 16.4 bp −$164 | 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 | 0.3441 | −0.050% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.045% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0078% | 8h | 0.3440 | −0.072% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | −0.033% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0059% | 8h | 0.3441 | −0.045% | $54.7M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0053% | 8h | 0.3441 | −0.057% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0020% | 1h | 0.3441 | −0.051% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0019% | 8h | 0.3438 | −0.134% | $826K | $718K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.004% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | 0.0000% | 8h | 0.3441 | −0.042% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
HTX TRX-USDT
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3443 | long leg | $121K | — | 150x | |
| Aster TRXUSDT | +0.0004% | 8h | 0.3442 | −0.029% | $957K | $658K | 75x | as long as short |
| MEXC TRX_USDT | +0.0014% | 8h | 0.3442 | −0.031% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0015% | 8h | 0.3442 | −0.013% | $99.3M | $48.3M | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.051% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.057% | $196K | $1.1M | 25x | as long as short |
| SoDEX TRX-USD | +0.0020% | 1h | 0.3441 | −0.033% | $404 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0026% | 1h | 0.3443 | +0.013% | $1.9M | $1.0M | 25x | |
| Paradex TRX-USD-PERP | +0.0052% | 8h | 0.3441 | −0.050% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0054% | 8h | 0.3442 | −0.031% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3442 | −0.031% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.086% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | −0.039% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.048% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.007% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | −0.025% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.045% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.045% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | +0.001% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.007% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0232% | 1h | 0.3444 | +0.055% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.008% | $20K | — | 100x | as long as short |
Aster TRXUSDT
MEXC TRX_USDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]