Spread before costs (cost unknown: a leg has no order-book sample)+0.043%
7d average—if it closes, per $10,000$4funding while held, a day+$0.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TRXUSDT | 0.3444 | −0.0226 | get 0.0226% / 8h | 2h 00m | $1.1M | $355K | 75x |
| Short | Backpack TRX_USDC_PERP | 0.3445 | −0.0196 | pay 0.0025% / 1h | 0m 27s | $60K | $4K | 10x |
Aster TRXUSDT
Backpack TRX_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $4.34
- Funding while held
- $0.91
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$12.75
- Spread needed to break even
- 0.180%
Slippage unknown: Aster: live order book, 4 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0030%
- Per $10,000 a day
- +$0.91
- Average in range /8h
- —
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 Aster live order book, 4 min ago | 0.14 bp | 4.1 bp −$4 | 4.1 bp −$41 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapest
InjectiveAster0.3444+0.461%
HTX0.3444+0.477%Aevo0.3444+0.478%Variational Omni0.3445+0.483%
HTX
Aevo
Variational OmniBackpack0.3445+0.505%
ApeX Omni0.3446+0.511%edgeX0.3446+0.512%Orderly0.3446+0.513%BloFin0.3446+0.525%Reya0.3446+0.528%SoDEX0.3446+0.528%Paradex0.3446+0.530%Extended0.3446+0.531%Phemex0.3446+0.537%SunX0.3447+0.542%BingX0.3447+0.551%Bybit0.3447+0.554%dYdX0.3447+0.558%GMX0.3447+0.559%Gate0.3447+0.560%Binance0.3447+0.563%MEXC0.3447+0.563%Kraken Futures0.3447+0.568%OKX0.3448+0.572%Bitget0.3448+0.572%gTrade (Gains Network)0.3448+0.575%Phoenix0.3448+0.583%KuCoin0.3448+0.589%Lighter0.3448+0.595%Hyperliquid0.3449+0.624%Deribit0.3450+0.639%
ApeX Omni
Orderly
BloFin
Reya
SoDEX
Paradex
Extended
Phemex
SunX
BingX
Bybit
dYdX
GMX
Gate
Binance
MEXC
Kraken Futures
OKX
Bitget
gTrade (Gains Network)
Phoenix
KuCoin
Lighter
Hyperliquid
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.459% | +0.0033% | 1h | $1K | $124K | 12x | as long as short |
| Aster TRXUSDTlong | 0.000% | −0.0226% | 8h | $1.1M | $355K | 75x | |
| HTX TRX-USDT | +0.016% | −0.0365% | 8h | $873K | $550K | 75x | as long as short |
| Aevo TRX-PERP | +0.017% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Variational Omni TRX | +0.022% | +0.0037% | 8h | $559K | $36K | — | as long as short |
| Backpack TRX_USDC_PERPshort | +0.043% | −0.0196% | 1h | $60K | $4K | 10x | |
| ApeX Omni TRXUSDT | +0.049% | +0.0100% | 1h | $115K | $549K | 50x | as long as short |
| edgeX TRXUSDC | +0.051% | +0.0100% | 4h | $588K | $486K | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.052% | +0.0072% | 8h | $15K | $201K | 20x | as long as short |
| BloFin TRX-USDT | +0.064% | +0.0091% | 8h | $4.0M | $3.9M | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | +0.067% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| SoDEX TRX-USD | +0.067% | −0.0054% | 1h | $406 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.069% | +0.0081% | 8h | $8K | $333 | 20x | as long as short |
| Extended TRX-USD | +0.070% | −0.0032% | 1h | $194K | $1.1M | 25x | as long as short |
| Phemex TRXUSDT | +0.075% | +0.0003% | 8h | $3.7M | $1.4M | 50x | as long as short |
| SunX TRX-USDT | +0.080% | +0.0100% | 8h | $196K | $1.0M | 30x | as long as short |
| BingX TRX-USDT | +0.090% | −0.0032% | 8h | — | $11.3M | — | as long as short |
| Bybit TRXUSDT | +0.093% | +0.0027% | 8h | $54.6M | $8.1M | 75x | as long as short |
| dYdX TRX-USD | +0.097% | +0.0313% | 1h | $187K | $3K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.097% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Gate TRX_USDT | +0.099% | −0.0031% | 8h | $9.6M | $2.5M | 75x | as long as short |
| Binance TRXUSDT | +0.102% | −0.0029% | 8h | $100.1M | $52.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.102% | −0.0029% | 8h | $17.4M | $1.9M | 200x | as long as short |
| Kraken Futures PF_TRXUSD | +0.107% | +0.0269% | 1h | $1.8M | $707K | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.110% | −0.0014% | 8h | $15.5M | $9.5M | 50x | as long as short |
| Bitget TRXUSDT | +0.110% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.113% | L +0.0003% / S −0.0008% | 1h | $115K | — | 150x | as long as short |
| Phoenix TRX | +0.122% | −0.0116% | 1h | $5K | $5K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.128% | +0.0089% | 8h | $8.2M | $3.3M | 75x | as long as short |
| Lighter TRX | +0.133% | +0.0096% | 1h | $517K | $505K | 10x | as long as short |
| Hyperliquid TRX | +0.163% | +0.0100% | 1h | $13.3M | $2.2M | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.177% | +0.0289% | 1h | $782K | $264K | 25x | as long as short |