Funding you earn now, next payment 06:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.091%
Price spread now: HTX against Kraken Futures−0.074%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.074%, 7d avg −0.066%
=The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3489 | 0.0415 | pay 0.0052% / 1h | 25m 20s | $2.4M | $1.8M | 25x |
| Short | HTX TRX-USDT | 0.3486 | 0.0039 | get 0.0039% / 8h | 2h 25m | $833K | $921K | 75x |
Kraken Futures PF_TRXUSD
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$78.84
- Price spread: −0.074% → −0.066%
- −$0.76
- Slippage, 4 orders
- −$21.25
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$122.86
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 23 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 | 1.00 bp | 10.0 bp −$10 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell HTX live order book, 23 min ago | 2.93 bp | 12.3 bp −$12 | 19.0 bp −$190 | 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 | 0.3487 | −0.034% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3487 | −0.044% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3488 | −0.003% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3488 | −0.008% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.362% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDTshort | +0.0039% | 8h | 0.3486 | −0.074% | $833K | $921K | 75x | |
| BingX TRX-USDT | +0.0070% | 8h | 0.3488 | −0.024% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | −0.032% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3487 | −0.033% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3488 | −0.021% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
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 | 0.3491 | +0.068% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3488 | −0.014% | $967K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | +0.002% | $107.2M | $62.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3488 | −0.015% | $53.9M | $12.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3488 | −0.012% | $15.5M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3488 | −0.006% | $9.7M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3488 | −0.006% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3488 | −0.012% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3487 | −0.035% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | −0.061% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3486 | −0.075% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | −0.072% | $594K | $474K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3488 | −0.018% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.113% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3487 | −0.032% | $412 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3487 | −0.035% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3487 | −0.048% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3485 | −0.097% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3486 | −0.061% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3488 | −0.021% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0415% | 1h | 0.3489 | long leg | $2.4M | $1.8M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0860% | 1h | 0.3492 | +0.094% | $904K | $659K | 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
edgeX TRXUSDC
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