Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Phemex against KuCoin−0.020%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.020%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.029% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3486 | 0.0100 | pay 0.0100% / 8h | 7h 21m | $8.5M | $3.3M | 75x |
| Short | Phemex TRXUSDT | 0.3486 | 0.0100 | get 0.0100% / 8h | 7h 21m | $3.9M | $2.0M | 50x |
KuCoin TRXUSDTM
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.020% → +0.009%
- −$2.89
- Slippage, 4 orders
- −$19.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.04
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Phemex: live order book, 2 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 KuCoin live order book, 7 min ago | 0.57 bp | 12.4 bp −$12 | 102.4 bp −$1,024 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.72 bp | 7.1 bp −$7 | 13.4 bp −$134 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0190% | 8h | 0.3484 | −0.054% | $835K | $956K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3485 | −0.051% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3487 | +0.014% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3485 | −0.028% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3486 | −0.004% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3486 | +0.004% | $2.4M | $1.9M | 25x | as long as short |
| Aster TRXUSDT | +0.0029% | 8h | 0.3480 | −0.171% | $968K | $829K | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.299% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0047% | 1h | 0.3485 | −0.037% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3485 | −0.029% | — | $32.5M | — | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Aster TRXUSDT
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3485 | −0.037% | $9K | $94 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3485 | −0.034% | $489K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3485 | −0.029% | $14K | $63K | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | −0.020% | $107.1M | $65.1M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3484 | −0.066% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3486 | −0.011% | $15.6M | $11.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | −0.017% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3486 | −0.020% | $19.0M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTMlong | +0.0100% | 8h | 0.3486 | long leg | $8.5M | $3.3M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3485 | −0.046% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3483 | −0.100% | $577K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3484 | −0.069% | $594K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | −0.054% | $117K | $616K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.068% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | −0.020% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3486 | −0.020% | $3.9M | $2.0M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3484 | −0.061% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3484 | −0.072% | $34K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0128% | 1h | 0.3489 | +0.092% | $13.4M | $2.7M | 10x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3486 | −0.020% | $4.8M | $4.1M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0338% | 1h | 0.3488 | +0.060% | $809K | $753K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3486 | −0.020% | $20K | — | 100x | as long as short |
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Extended TRX-USD
Aevo TRX-PERP
Hyperliquid TRX
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]