Funding you earn now, next payment 03:00 UTC−0.0484%/8h= −53.0% APRpaid last 24h −0.007%
Price spread now: Bitget against Kraken Futures+0.019%58s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.019%, 7d avg −0.043%
=The price spread pays, funding is against you. Bitget is 0.062% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.043%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% 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 | Kraken Futures PF_TRXUSD | 0.3484 | 0.0584 | pay 0.0073% / 1h | 57m 22s | $2.4M | $1.6M | 25x |
| Short | Bitget TRXUSDT | 0.3485 | 0.0100 | get 0.0100% / 8h | 5h 57m | $10.4M | $3.3M | 75x |
Kraken Futures PF_TRXUSD
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$101.65
- Price spread: +0.019% → −0.043%
- $6.22
- Slippage, 4 orders
- −$19.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$136.59
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, 1 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 Kraken Futures live order book, 1 min ago | 4.45 bp | 9.6 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.14 bp | 7.6 bp −$8 | 11.5 bp −$115 | 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 | 0.3485 | +0.017% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3486 | +0.030% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | −0.030% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3486 | +0.040% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.247% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | +0.0061% | 8h | 0.3486 | +0.036% | $8.8M | $3.5M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3484 | −0.021% | $486K | $662K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3484 | −0.021% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3485 | +0.015% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3487 | +0.062% | $13.0M | $2.5M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3485 | +0.017% | $963K | $691K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3487 | +0.066% | $104.0M | $55.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3485 | +0.016% | $54.2M | $10.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | −0.007% | $15.7M | $9.2M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | +0.030% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.059% | $19.1M | $2.0M | 200x | as long as short |
| Bitget TRXUSDTshort | +0.0100% | 8h | 0.3485 | +0.019% | $10.4M | $3.3M | 75x | |
| BingX TRX-USDT | +0.0100% | 8h | 0.3486 | +0.051% | — | $32.8M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3482 | −0.058% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.188% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.212% | $593K | $466K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3477 | −0.202% | $116K | $561K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.133% | $198K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3483 | −0.027% | $405 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3483 | −0.055% | $839K | $816K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3484 | −0.021% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | +0.014% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.053% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3485 | +0.030% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0584% | 1h | 0.3484 | long leg | $2.4M | $1.6M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0783% | 1h | 0.3488 | +0.101% | $828K | $488K | 25x | as long as short |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
BingX TRX-USDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
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