TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.049%

Price spread now: Backpack against Aevo+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Backpack is 0.035% dearer against Aevo than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRX-PERP	0.3469	0.0104	pay 0.0013% / 1h	48m 28s	$34K	—	3x
Short	Backpack TRX_USDC_PERP	0.3470	0.0073	get 0.0009% / 1h	48m 28s	$62K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BackpackbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$6.47
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$29.01
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Aevo and 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	0.3470	+0.015%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3473	+0.127%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3473	+0.112%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3471	+0.060%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.807%	$1K	$163K	12x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3471	+0.049%	—	$32.8M	—	as long as short
Backpack TRX_USDC_PERPshort	+0.0073%	1h	0.3470	+0.035%	$62K	$5K	10x
Lighter TRX	+0.0096%	1h	0.3470	+0.040%	$484K	$664K	10x	as long as short
Paradex TRX-USD-PERP	+0.0098%	8h	0.3470	+0.034%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0098%	8h	0.3471	+0.046%	$15K	$100K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3473	+0.121%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3470	+0.026%	$962K	$695K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3471	+0.044%	$105.0M	$58.3M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3470	+0.029%	$53.6M	$11.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3470	+0.026%	$15.5M	$9.6M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3470	+0.035%	$9.6M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3471	+0.046%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3471	+0.052%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3471	+0.055%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3472	+0.083%	$568K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3473	+0.109%	$592K	$471K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3472	+0.095%	$115K	$566K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3470	+0.025%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3471	+0.043%	$410	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3471	+0.047%	$834K	$840K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3471	+0.069%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3469	+0.008%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERPlong	+0.0104%	1h	0.3469	long leg	$34K	—	3x
BloFin TRX-USDT	+0.0220%	8h	0.3471	+0.066%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0262%	1h	0.3471	+0.047%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3472	+0.095%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0603%	1h	0.3474	+0.147%	$843K	$503K	25x	as long as short