Funding you earn now, next payment 01:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h −0.033%
Price spread now: Injective against Kraken Futures−0.461%7-day average −0.237% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 3 days (all we have)+0.443%+$44 · spread now −0.461%, 7d avg −0.237%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.225% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.237%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.266%, 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 | 0.3457 | 0.0172 | pay 0.0022% / 1h | 27m 07s | $2.3M | $1.5M | 25x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 27m 07s | $1K | $163K | 12x |
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$29.19
- Price spread: −0.461% → −0.237%
- −$22.45
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$61.66
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 | 3.62 bp | 9.0 bp −$9 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3454 | −0.082% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3454 | −0.079% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.010% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | −0.016% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | −0.036% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −0.461% | $1K | $163K | 12x | |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | −0.086% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0048% | 1h | 0.3454 | −0.074% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0063% | 8h | 0.3455 | −0.070% | $830K | $753K | 75x | as long as short |
| MEXC TRX_USDT | +0.0068% | 8h | 0.3455 | −0.062% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Backpack TRX_USDC_PERP
HTX TRX-USDT
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0070% | 8h | 0.3455 | −0.062% | $100.5M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0072% | 1h | 0.3454 | −0.089% | $194K | $1.3M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0075% | 8h | 0.3455 | −0.045% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3454 | −0.072% | $9K | $330 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | −0.074% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.074% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.120% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | −0.007% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3455 | −0.045% | $957K | $662K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | −0.056% | $54.9M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | −0.051% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3454 | −0.071% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3455 | −0.062% | — | $40.2M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3455 | −0.059% | $590K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3454 | −0.085% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | −0.132% | $196K | $950K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | −0.062% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.065% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0172% | 1h | 0.3457 | long leg | $2.3M | $1.5M | 25x | |
| BloFin TRX-USDT | +0.0190% | 8h | 0.3454 | −0.088% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.060% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0526% | 1h | 0.3458 | +0.043% | $835K | $407K | 25x | as long as short |
Binance TRXUSDT
Extended TRX-USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL