Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.026%
Price spread now: edgeX against Kraken Futures−0.063%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.063%, 7d avg −0.051%
=Together, before fees+0.182%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3491 | 0.0252 | pay 0.0031% / 1h | 23m 11s | $2.4M | $1.8M | 25x |
| Short | edgeX TRXUSDC | 0.3488 | 0.0100 | get 0.0050% / 4h | 1h 23m | $595K | $460K | 20x |
Kraken Futures PF_TRXUSD
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$31.86
- Price spread: −0.063% → −0.051%
- −$1.14
- Slippage, 4 orders
- −$11.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$63.84
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; edgeX: live order book, 21 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, 5 min ago | 0.14 bp | 11.5 bp −$12 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 21 min ago | 0.72 bp | 5.2 bp −$5 | 6.5 bp −$65 | 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 | 0.3488 | −0.061% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0040% | 8h | 0.3486 | −0.142% | $833K | $940K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3489 | −0.055% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3490 | −0.016% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3490 | −0.026% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.420% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3489 | −0.033% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3489 | −0.042% | $488K | $670K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3489 | −0.050% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3489 | −0.042% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3492 | +0.053% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3488 | −0.071% | $968K | $706K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | −0.033% | $107.4M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3489 | −0.045% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3489 | −0.031% | $15.6M | $10.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3490 | −0.025% | $9.7M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3490 | −0.025% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3491 | −0.002% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3489 | −0.048% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3489 | −0.045% | $63K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3488 | −0.077% | $570K | $37K | — | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3488 | −0.063% | $595K | $460K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3488 | −0.074% | $116K | $587K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3488 | −0.068% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3489 | −0.033% | $411 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3489 | −0.033% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3488 | −0.071% | $205K | $593K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3488 | −0.072% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3489 | −0.033% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0252% | 1h | 0.3491 | long leg | $2.4M | $1.8M | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3490 | −0.026% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0813% | 1h | 0.3494 | +0.088% | $906K | $685K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL