TRX

Alert

Funding spread now, next payment 17:00 UTC−0.0235%/8h

next payment, per $10,000−$0.29paid, last 24h−0.056%paid, last 5 days−0.018%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 -0.018% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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	Lighter TRX	0.3447	0.0096	pay 0.0012% / 1h	25m 17s	$449K	$562K	10x
Short	Backpack TRX_USDC_PERP	0.3446	−0.0139	pay 0.0017% / 1h	25m 17s	$60K	$4K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BackpackbpOrdersRate

Funding earned: −$49.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$59.32
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 12 min ago; Backpack: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.017%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 12 min ago	1.30 bp	3.0 bp −$3	12.2 bp −$122	44.3 bp −$4,434	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster TRXUSDT	−0.0166%	8h	$914K	$581K	75x	as long as short
Backpack TRX_USDC_PERPshort	−0.0139%	1h	$60K	$4K	10x
Reya TRXRUSDPERP	−0.0133%	1h	$5	—	20x	as long as short
SoDEX TRX-USD	−0.0107%	1h	$406	$5K	5x	as long as short
Phoenix TRX	−0.0093%	1h	$5K	$13K	10x	as long as short
Bybit TRXUSDT	−0.0066%	8h	$54.6M	$7.7M	75x	as long as short
HTX TRX-USDT	−0.0053%	8h	$836K	$626K	75x	as long as short
Phemex TRXUSDT	−0.0024%	8h	$3.7M	$1.5M	50x	as long as short
dYdX TRX-USD	0.0000%	1h	$186K	$3K	10x	as long as short
Extended TRX-USD	0.0000%	1h	$195K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	$121K	—	150x	as long as short
Binance TRXUSDT	+0.0003%	8h	$100.6M	$51.5M	75x	as long as short
MEXC TRX_USDT	+0.0004%	8h	$17.4M	$1.7M	200x	as long as short
BloFin TRX-USDT	+0.0012%	8h	$4.6M	$3.9M	50x	as long as short
OKX TRX-USDT-SWAP	+0.0032%	8h	$15.6M	$8.6M	50x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	$1K	$70K	12x	as long as short
Variational Omni TRX	+0.0061%	8h	$559K	$35K	—	as long as short
Paradex TRX-USD-PERP	+0.0067%	8h	$8K	$333	20x	as long as short
Aevo TRX-PERP	+0.0080%	1h	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0084%	8h	$15K	$113K	20x	as long as short
Lighter TRXlong	+0.0096%	1h	$449K	$562K	10x
Hyperliquid TRX	+0.0100%	1h	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	$9.7M	$2.4M	75x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	$8.6M	$3.6M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	$9.4M	$2.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	$588K	$449K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$553K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$851K	30x	as long as short
Kraken Futures PF_TRXUSD	+0.0116%	1h	$1.9M	$908K	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0339%	1h	$797K	$405K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0340% / S −0.0344%	1h	$18K	—	100x	as long as short