Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.009%
Price spread now: Backpack against KuCoin+0.038%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3439 | −0.0063 | get 0.0063% / 8h | 1h 16m | $8.7M | $3.6M | 75x |
| Short | Backpack TRX_USDC_PERP | 0.3440 | −0.0030 | pay 0.0004% / 1h | 16m 43s | $58K | $4K | 10x |
KuCoin TRXUSDTM
Backpack TRX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $6.83
- Price spread: +0.038% → 0.000%
- $3.78
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$11.39
- Costs to cover
- 0.220%
- Break-even
- 18.7 days
Slippage unknown: KuCoin: live order book, 1 min ago; Backpack: 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 KuCoin live order book, 1 min ago | 0.29 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 | 0.3440 | +0.016% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.058% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0073% | 8h | 0.3440 | +0.031% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.099% | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTMlong | −0.0063% | 8h | 0.3439 | long leg | $8.7M | $3.6M | 75x | |
| Bybit TRXUSDT | −0.0052% | 8h | 0.3440 | +0.029% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERPshort | −0.0030% | 1h | 0.3440 | +0.038% | $58K | $4K | 10x | |
| HTX TRX-USDT | −0.0017% | 8h | 0.3439 | +0.013% | $825K | $719K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3440 | +0.029% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.099% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
HTX TRX-USDT
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.086% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0013% | 8h | 0.3441 | +0.059% | $957K | $658K | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3440 | +0.035% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | +0.010% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0018% | 8h | 0.3440 | +0.032% | $99.3M | $48.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0018% | 8h | 0.3440 | +0.032% | $18.2M | $1.7M | 200x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.081% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0042% | 1h | 0.3440 | +0.032% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0049% | 8h | 0.3440 | +0.028% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0075% | 8h | 0.3440 | +0.032% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3441 | +0.049% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3440 | +0.020% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.015% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.047% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.096% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | +0.026% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.038% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.059% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | +0.079% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.076% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.080% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0407% | 1h | 0.3444 | +0.154% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL