Funding spread now, next payment 15:00 UTC−0.0519%/8h
next payment, per $10,000−$0.65paid, last 24h−0.036%paid, last 5 days+0.151%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.151% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. 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 | 0.3457 | 0.0426 | pay 0.0053% / 1h | 40m 54s | $1.8M | $911K | 25x |
| Short | Phoenix TRX | 0.3457 | −0.0093 | pay 0.0012% / 1h | 40m 54s | $5K | $5K | 10x |
Kraken Futures PF_TRXUSD
Phoenix TRXFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- −$108.92
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$125.92
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- 0.000%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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, 4 min ago | 2.75 bp | 10.6 bp −$11 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0320% | 8h | $850K | $586K | 75x | as long as short |
| Aster TRXUSDT | −0.0224% | 8h | $937K | $551K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0127% | 1h | $60K | $4K | 10x | as long as short |
| Phoenix TRXshort | −0.0093% | 1h | $5K | $5K | 10x | |
| BingX TRX-USDC | −0.0017% | 8h | — | $6.5M | — | as long as short |
| Extended TRX-USD | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | −0.0015% | 8h | $100.6M | $49.9M | 75x | as long as short |
| MEXC TRX_USDT | −0.0015% | 8h | $17.6M | $1.7M | 200x | as long as short |
| OKX TRX-USDT-SWAP | 0.0000% | 8h | $15.6M | $8.8M | 50x | as long as short |
HTX TRX-USDT
Aster TRXUSDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
Gate TRX_USDT
Phemex TRXUSDT
Injective TRX/USDC PERP
SoDEX TRX-USD
Bybit TRXUSDT
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Paradex TRX-USD-PERP
Lighter TRX
Variational Omni TRX
Hyperliquid TRX
KuCoin TRXUSDTM
Bitget TRXUSDT
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]