Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.72 per $10,000 · paid last 24h +0.034%
Price spread now: Orderly against KuCoin−0.023%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.023%, 7d avg −0.002%
=Funding pays, the price is against you. Orderly is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of −0.002%). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3473 | 0.0023 | pay 0.0023% / 8h | 6h 15m | $8.7M | $3.5M | 75x |
| Short | Orderly PERP_TRX_USDC | 0.3472 | 0.0095 | get 0.0095% / 8h | 6h 15m | $14K | $122K | 20x |
KuCoin TRXUSDTM
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $15.22
- Price spread: −0.023% → −0.002%
- −$2.12
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$4.9
- Costs to cover
- 0.180%
- Break-even
- 9.3 days
Slippage unknown: KuCoin: live order book, 3 min ago; Orderly: 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, 3 min ago | 1.01 bp | 14.6 bp −$15 | 84.0 bp −$840 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 31 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 | 0.3472 | −0.040% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | +0.075% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3472 | −0.026% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3473 | −0.010% | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTMlong | +0.0023% | 8h | 0.3473 | long leg | $8.7M | $3.5M | 75x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.927% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0074% | 1h | 0.3472 | −0.029% | $59K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0095% | 8h | 0.3472 | −0.023% | $14K | $122K | 20x | |
| Lighter TRX | +0.0096% | 1h | 0.3473 | 0.000% | $484K | $663K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0098% | 8h | 0.3471 | −0.050% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Lighter TRX
Paradex TRX-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3475 | +0.040% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3471 | −0.069% | $959K | $672K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3474 | +0.013% | $103.3M | $53.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3474 | +0.023% | $54.4M | $10.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3474 | +0.035% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3474 | +0.017% | $9.7M | $2.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3474 | +0.012% | $18.9M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3474 | +0.023% | $10.3M | $3.3M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3474 | +0.012% | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3475 | +0.048% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3474 | +0.025% | $592K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3474 | +0.023% | $116K | $560K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | −0.098% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | +0.009% | $407 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.031% | $835K | $807K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3473 | 0.000% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.014% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3471 | −0.066% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3472 | −0.035% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0524% | 1h | 0.3475 | +0.043% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0654% | 1h | 0.3477 | +0.107% | $806K | $468K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL