Funding you earn now, next payment 00:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h +0.019%
Price spread now: Gate against Backpack−0.003%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3443 | −0.0072 | get 0.0009% / 1h | 8m 01s | $58K | $4K | 10x |
| Short | Gate TRX_USDT | 0.3443 | 0.0082 | get 0.0082% / 8h | 8m 01s | $9.6M | $2.5M | 75x |
Backpack TRX_USDC_PERP
Gate TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Backpack. 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
- $32.25
- Price spread: −0.003% → 0.000%
- −$0.29
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $6.96
- Costs to cover
- 0.250%
- Break-even
- 5.5 days
Slippage unknown: Backpack: no order-book sample; Gate: live order book, 1 min ago. 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 1 min ago | 0.58 bp | 10.7 bp −$11 | 23.6 bp −$236 | 30.8 bp −$3,080 | 57.0 bp −$28.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.073% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.010% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0094% | 8h | 0.3443 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERPlong | −0.0072% | 1h | 0.3443 | long leg | $58K | $4K | 10x | |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.029% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0023% | 8h | 0.3442 | −0.044% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0018% | 8h | 0.3443 | −0.017% | $827K | $732K | 75x | as long as short |
| Bybit TRXUSDT | −0.0009% | 8h | 0.3444 | +0.015% | $54.6M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | +0.026% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.039% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0030% | 8h | 0.3443 | 0.000% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0037% | 8h | 0.3444 | +0.012% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0038% | 8h | 0.3444 | +0.012% | $99.3M | $48.0M | 75x | as long as short |
| Extended TRX-USD | +0.0040% | 1h | 0.3443 | −0.016% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.040% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0074% | 8h | 0.3443 | −0.006% | $9K | $385 | 20x | as long as short |
| Aster TRXUSDT | +0.0078% | 8h | 0.3444 | +0.013% | $956K | $660K | 75x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3443 | −0.003% | $482K | $630K | 10x | as long as short |
| Gate TRX_USDTshort | +0.0082% | 8h | 0.3443 | −0.003% | $9.6M | $2.5M | 75x | |
| SoDEX TRX-USD | +0.0084% | 1h | 0.3444 | +0.012% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0085% | 8h | 0.3444 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.028% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | −0.003% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.058% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | +0.009% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.006% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.020% | $588K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3444 | +0.006% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.018% | $196K | $928K | 30x | as long as short |
| BloFin TRX-USDT | +0.0150% | 8h | 0.3443 | −0.026% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.034% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0458% | 1h | 0.3447 | +0.116% | $832K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Aster TRXUSDT
Lighter TRX
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL