TRX

Alert

Funding spread now, next payment 16:00 UTC+0.0229%/8h

next payment, per $10,000+$0.29paid, last 24h+0.069%paid, last 3 days+0.036%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 4.6% 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	Reya TRXRUSDPERP	0.3447	−0.0133	get 0.0017% / 1h	59m 19s	$5	—	20x
Short	Lighter TRX	0.3448	0.0096	get 0.0012% / 1h	59m 19s	$446K	$575K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee LighterbpOrdersRate

Funding earned: $48.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $42.16
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 48 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.025%
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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 48 min ago	1.01 bp	1.2 bp −$1	10.5 bp −$105	48.5 bp −$4,853	doesn't fit

Reya: 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
HTX TRX-USDT	−0.0337%	8h	$862K	$533K	75x	as long as short
Aster TRXUSDT	−0.0251%	8h	$945K	$541K	75x	as long as short
SoDEX TRX-USD	−0.0227%	1h	$408	$5K	5x	as long as short
Backpack TRX_USDC_PERP	−0.0165%	1h	$60K	$4K	10x	as long as short
Reya TRXRUSDPERPlong	−0.0133%	1h	$5	—	20x
Phoenix TRX	−0.0093%	1h	$5K	$5K	10x	as long as short
Extended TRX-USD	−0.0016%	1h	$195K	$1.1M	25x	as long as short
Binance TRXUSDT	−0.0016%	8h	$100.2M	$48.4M	75x	as long as short
MEXC TRX_USDT	−0.0015%	8h	$17.5M	$1.7M	200x	as long as short
BingX TRX-USDT	−0.0015%	8h	—	$35.3M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	−0.0006%	8h	$15.5M	$8.9M	50x	as long as short
Gate TRX_USDT	−0.0004%	8h	$9.7M	$2.2M	75x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0006%	1h	$122K	—	150x	as long as short
Phemex TRXUSDT	+0.0027%	8h	$3.7M	$1.5M	50x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	$1K	$97K	12x	as long as short
Bybit TRXUSDT	+0.0070%	8h	$54.7M	$7.5M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0077%	8h	$15K	$200K	20x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0078%	1h	$791K	$357K	25x	as long as short
Aevo TRX-PERP	+0.0080%	1h	$33K	—	3x	as long as short
Paradex TRX-USD-PERP	+0.0094%	8h	$8K	$333	20x	as long as short
Variational Omni TRX	+0.0094%	8h	$559K	$35K	—	as long as short
Lighter TRXshort	+0.0096%	1h	$446K	$575K	10x
Hyperliquid TRX	+0.0100%	1h	$13.2M	$2.2M	10x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	$8.2M	$3.2M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	$9.5M	$2.0M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	$588K	$455K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$546K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$844K	30x	as long as short
BloFin TRX-USDT	+0.0104%	8h	$4.6M	$3.7M	50x	as long as short
dYdX TRX-USD	+0.0239%	1h	$187K	$3K	10x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0341% / S −0.0344%	1h	$18K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0427%	1h	$1.8M	$800K	25x	as long as short