Funding you earn now, next payment 21:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.005%
Price spread now: BloFin against Kraken Futures−0.058%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.058%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.254%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3445 | 0.0116 | pay 0.0015% / 1h | 31m 02s | $1.8M | $967K | 25x |
| Short | BloFin TRX-USDT | 0.3443 | 0.0015 | get 0.0015% / 8h | 3h 31m | $4.6M | $4.0M | 50x |
Kraken Futures PF_TRXUSD
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$21.26
- Price spread: −0.058% → −0.024%
- −$3.36
- Slippage, 4 orders
- −$7.69
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.31
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BloFin: 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 Kraken Futures live order book, 3 min ago | 1.89 bp | 7.9 bp −$8 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.29 bp | 6.3 bp −$6 | 8.0 bp −$80 | 19.6 bp −$1,965 | 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 | 0.3442 | −0.072% | $5 | — | 20x | as long as short |
| BingX TRX-USDC | −0.0113% | 8h | 0.3442 | −0.067% | — | $6.5M | — | as long as short |
| Bybit TRXUSDT | −0.0102% | 8h | 0.3442 | −0.078% | $54.7M | $7.6M | 75x | as long as short |
| Variational Omni TRX | −0.0081% | 8h | 0.3442 | −0.091% | $564K | $37K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | −0.055% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0051% | 8h | 0.3442 | −0.075% | $952K | $632K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3442 | −0.078% | $1K | $77K | 12x | as long as short |
| HTX TRX-USDT | −0.0028% | 8h | 0.3443 | −0.062% | $829K | $675K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0007% | 1h | 0.3443 | −0.064% | $59K | $5K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3442 | −0.077% | $196K | $1.1M | 25x | as long as short |
Reya TRXRUSDPERP
BingX TRX-USDC
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
Backpack TRX_USDC_PERP
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3443 | −0.055% | $17.1M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | +0.0001% | 8h | 0.3443 | −0.061% | $99.4M | $49.4M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | −0.005% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3442 | −0.070% | $15.6M | $8.6M | 50x | as long as short |
| SoDEX TRX-USD | +0.0007% | 1h | 0.3443 | −0.061% | $405 | $5K | 5x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3442 | −0.072% | $484K | $626K | 10x | as long as short |
| BloFin TRX-USDTshort | +0.0015% | 8h | 0.3443 | −0.058% | $4.6M | $4.0M | 50x | |
| dYdX TRX-USD | +0.0020% | 1h | 0.3445 | +0.004% | $183K | $6K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3443 | −0.061% | $9K | $384 | 20x | as long as short |
| Bitget TRXUSDT | +0.0067% | 8h | 0.3442 | −0.067% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3441 | −0.094% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3443 | −0.055% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0088% | 8h | 0.3443 | −0.055% | $9.7M | $2.5M | 75x | as long as short |
| Phemex TRXUSDT | +0.0089% | 8h | 0.3443 | −0.043% | $3.8M | $1.6M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.006% | $13.3M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3443 | −0.055% | $8.6M | $3.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.098% | $587K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.093% | $115K | $534K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.034% | $196K | $904K | 30x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0116% | 1h | 0.3445 | long leg | $1.8M | $967K | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0307% | 1h | 0.3447 | +0.054% | $829K | $409K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0334% / S −0.0340% | 1h | 0.3444 | −0.018% | $18K | — | 100x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
SoDEX TRX-USD
Lighter TRX
dYdX TRX-USD
Paradex TRX-USD-PERP
Bitget TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
Phemex TRXUSDT
Hyperliquid TRX
KuCoin TRXUSDTM
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]