Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against Paradex+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.028% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRX-USD-PERP | 0.3489 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $9K | $251 | 20x |
| Short | Kraken Futures PF_TRXUSD | 0.3490 | 0.0252 | get 0.0031% / 1h | 14m 55s | $2.4M | $1.8M | 25x |
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Paradex. 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
- $31.88
- Price spread: +0.028% → 0.000%
- $2.81
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $20.7
- Costs to cover
- 0.140%
- Break-even
- 2.5 days
Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 1.72 bp | 6.7 bp −$7 | 11.8 bp −$118 | doesn't fit | doesn't fit |
Paradex: 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 | 0.3488 | −0.031% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0055% | 8h | 0.3485 | −0.111% | $833K | $941K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3490 | +0.033% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3492 | +0.067% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3489 | +0.002% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.383% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3489 | −0.002% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3489 | −0.002% | $488K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERPlong | +0.0100% | 8h | 0.3489 | long leg | $9K | $251 | 20x | |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3489 | −0.005% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3492 | +0.087% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | −0.022% | $968K | $706K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | +0.001% | $107.4M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3489 | −0.008% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3489 | −0.005% | $15.6M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3489 | +0.007% | $9.7M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3490 | +0.012% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3490 | +0.024% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | −0.042% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3488 | −0.025% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3488 | −0.039% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3490 | +0.010% | $595K | $462K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3490 | +0.018% | $116K | $587K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3488 | −0.032% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3489 | +0.001% | $408 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3490 | +0.015% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3488 | −0.043% | $205K | $593K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3487 | −0.058% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3489 | −0.002% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0252% | 1h | 0.3490 | +0.028% | $2.4M | $1.8M | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3489 | +0.005% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.1108% | 1h | 0.3494 | +0.141% | $908K | $687K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL