Funding you earn now, next payment 04:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.015%
Price spread now: KuCoin against Phoenix+0.046%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 +$4 a day on $10k at the current rate, and KuCoin is 0.046% dearer against Phoenix than usual: you sell high and buy low: +$5 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 | Phoenix TRX | 0.3482 | −0.0046 | get 0.0006% / 1h | 45m 08s | $5K | $14K | 10x |
| Short | KuCoin TRXUSDTM | 0.3483 | 0.0100 | get 0.0100% / 8h | 3h 45m | $8.6M | $3.5M | 75x |
Phoenix TRX
KuCoin TRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phoenix. 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
- $30.65
- Price spread: +0.046% → 0.000%
- $4.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $16.25
- Costs to cover
- 0.190%
- Break-even
- 3.3 days
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 3 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 0.57 bp | 15.4 bp −$15 | 51.6 bp −$516 | doesn't fit | doesn't fit |
Phoenix: 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 | 0.3482 | +0.008% | $5 | — | 20x | as long as short |
| Phoenix TRXlong | −0.0046% | 1h | 0.3482 | long leg | $5K | $14K | 10x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3482 | +0.023% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3482 | +0.020% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.163% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3482 | +0.023% | — | $32.8M | — | as long as short |
| HTX TRX-USDT | +0.0092% | 8h | 0.3481 | −0.006% | $824K | $882K | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3482 | +0.017% | $486K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3482 | +0.004% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | +0.020% | $15K | $44K | 20x | as long as short |
Reya TRXRUSDPERP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
HTX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
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 | 0.3485 | +0.114% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3482 | +0.021% | $965K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | +0.025% | $106.0M | $59.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | +0.014% | $53.8M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3483 | +0.029% | $15.6M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | +0.014% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | +0.023% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTMshort | +0.0100% | 8h | 0.3483 | +0.046% | $8.6M | $3.5M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3483 | +0.032% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3481 | −0.009% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.046% | $569K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3481 | −0.009% | $594K | $469K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3482 | +0.014% | $116K | $569K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.037% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3482 | +0.023% | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3483 | +0.032% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.004% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3481 | −0.023% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3483 | +0.037% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.020% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3482 | +0.019% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0565% | 1h | 0.3486 | +0.116% | $849K | $531K | 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
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
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL