Funding you earn now, next payment 01:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.057%
Price spread now: Backpack against SunX+0.082%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Backpack is 0.082% dearer against SunX than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.424% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3459 | 0.0100 | pay 0.0100% / 8h | 7h 10m | $197K | $967K | 30x |
| Short | Backpack TRX_USDC_PERP | 0.3462 | 0.0035 | get 0.0004% / 1h | 10m 49s | $59K | $4K | 10x |
SunX TRX-USDT
Backpack TRX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- −$13.65
- Price spread: +0.082% → 0.000%
- $8.24
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.41
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 42 min ago; Backpack: no order-book sample. 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 SunX live order book, 42 min ago | 15.48 bp | 57.8 bp −$58 | 72.1 bp −$721 | doesn't fit | 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: 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 | 0.3462 | +0.111% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0082% | 8h | 0.3463 | +0.126% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3461 | +0.071% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.109% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3463 | +0.136% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.510% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERPshort | +0.0035% | 1h | 0.3462 | +0.082% | $59K | $4K | 10x | |
| Variational Omni TRX | +0.0066% | 8h | 0.3462 | +0.095% | $565K | $37K | — | as long as short |
| MEXC TRX_USDT | +0.0086% | 8h | 0.3463 | +0.114% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0087% | 8h | 0.3462 | +0.111% | $101.2M | $48.8M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0088% | 1h | 0.3462 | +0.103% | $194K | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3461 | +0.078% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3462 | +0.088% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3462 | +0.100% | $484K | $632K | 10x | as long as short |
| HTX TRX-USDT | +0.0096% | 8h | 0.3461 | +0.060% | $831K | $774K | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0098% | 8h | 0.3463 | +0.111% | $15.5M | $8.5M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3464 | +0.160% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3463 | +0.124% | $958K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3463 | +0.111% | $55.2M | $8.4M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | +0.126% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3464 | +0.166% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3463 | +0.111% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3457 | −0.053% | $590K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3458 | −0.027% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3459 | long leg | $197K | $967K | 30x | |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.097% | $408 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | +0.123% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | +0.037% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3464 | +0.168% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0207% | 8h | 0.3461 | +0.053% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0368% / S −0.0395% | 1h | 0.3463 | +0.118% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0495% | 1h | 0.3466 | +0.198% | $844K | $424K | 25x | as long as short |
Extended TRX-USD
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
HTX TRX-USDT
OKX TRX-USDT-SWAP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL