Spread before costs (cost unknown: a leg has no order-book sample)+0.125%
7d average—if it closes, per $10,000$13funding while held, a day+$14.98
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3438 | −0.0273 | get 0.0034% / 1h | 56m 33s | $60K | $4K | 10x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3442 | 0.0227 | get 0.0028% / 1h | 56m 33s | $824K | $402K | 25x |
Backpack TRX_USDC_PERP
Deribit TRX_USDC-PERPETUALPrice 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
- $12.51
- Funding while held
- $14.98
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $10.49
- Spread needed to break even
- 0.170%
Slippage unknown: Backpack: no order-book sample; Deribit: live order book, 44 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0499%
- Per $10,000 a day
- +$14.98
- 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 44 min ago | 1.74 bp | 5.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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.Injective0.3428cheapestBybit0.3436+0.219%Bitget0.3436+0.236%Aevo0.3436+0.239%Extended0.3437+0.249%Aster0.3437+0.252%BingX0.3437+0.263%OKX0.3437+0.268%HTX0.3437+0.268%Gate0.3437+0.271%
Injective
Bybit
Bitget
Aevo
Extended
Aster
BingX
OKX
HTX
GateBackpack0.3438+0.277%
BloFin0.3438+0.277%Lighter0.3438+0.280%Binance0.3438+0.280%MEXC0.3438+0.280%SoDEX0.3438+0.280%Paradex0.3438+0.281%Reya0.3438+0.287%Orderly0.3438+0.289%KuCoin0.3438+0.295%Phemex0.3438+0.295%dYdX0.3439+0.332%Variational Omni0.3440+0.345%GMX0.3440+0.347%gTrade (Gains Network)0.3440+0.347%edgeX0.3440+0.348%Hyperliquid0.3440+0.359%Kraken Futures0.3440+0.359%SunX0.3441+0.377%ApeX Omni0.3441+0.391%Phoenix0.3442+0.394%
BloFin
Lighter
Binance
MEXC
SoDEX
Paradex
Reya
Orderly
KuCoin
Phemex
dYdX
Variational Omni
GMX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
SunX
ApeX Omni
PhoenixDeribit0.3442+0.403%
TRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.276% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Bybit TRXUSDT | −0.058% | −0.0175% | 8h | $54.5M | $7.6M | 75x | as long as short |
| Bitget TRXUSDT | −0.041% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | −0.038% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Extended TRX-USD | −0.028% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | −0.025% | −0.0135% | 8h | $912K | $585K | 75x | as long as short |
| BingX TRX-USDC | −0.015% | −0.0179% | 8h | — | $6.5M | — | as long as short |
| OKX TRX-USDT-SWAP | −0.009% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| HTX TRX-USDT | −0.009% | −0.0112% | 8h | $828K | $649K | 75x | as long as short |
| Gate TRX_USDT | −0.006% | +0.0045% | 8h | $9.6M | $2.4M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERPlong | 0.000% | −0.0273% | 1h | $60K | $4K | 10x | |
| BloFin TRX-USDT | 0.000% | +0.0093% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Lighter TRX | +0.003% | −0.0104% | 1h | $477K | $603K | 10x | as long as short |
| Binance TRXUSDT | +0.003% | −0.0028% | 8h | $99.8M | $50.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.003% | −0.0027% | 8h | $16.9M | $1.6M | 200x | as long as short |
| SoDEX TRX-USD | +0.003% | −0.0174% | 1h | $401 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.004% | +0.0009% | 8h | $8K | $333 | 20x | as long as short |
| Reya TRXRUSDPERP | +0.009% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.012% | +0.0083% | 8h | $15K | $110K | 20x | as long as short |
| KuCoin TRXUSDTM | +0.017% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Phemex TRXUSDT | +0.017% | −0.0049% | 8h | $3.7M | $1.5M | 50x | as long as short |
| dYdX TRX-USD | +0.055% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| Variational Omni TRX | +0.068% | −0.0023% | 8h | $558K | $34K | — | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.069% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.070% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| edgeX TRXUSDC | +0.071% | +0.0100% | 4h | $587K | $442K | 20x | as long as short |
| Hyperliquid TRX | +0.081% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.082% | −0.0044% | 1h | $1.8M | $894K | 25x | as long as short |
| SunX TRX-USDT | +0.100% | +0.0100% | 8h | $196K | $876K | 30x | as long as short |
| ApeX Omni TRXUSDT | +0.113% | +0.0100% | 1h | $115K | $532K | 50x | as long as short |
| Phoenix TRX | +0.116% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.125% | +0.0227% | 1h | $824K | $402K | 25x |