Spread before costs (cost unknown: a leg has no order-book sample)+0.081%
7d average—if it closes, per $10,000$8funding while held, a day+$18.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3447 | −0.0175 | get 0.0022% / 1h | 57m 15s | $60K | $4K | 10x |
| Short | Kraken Futures PF_TRXUSD | 0.3450 | 0.0427 | get 0.0053% / 1h | 57m 15s | $1.8M | $794K | 25x |
Backpack TRX_USDC_PERP
Kraken Futures PF_TRXUSDPrice 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
- $8.11
- Funding while held
- $18.05
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.16
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0602%
- Per $10,000 a day
- +$18.05
- 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 Kraken Futures live order book, 3 min ago | 0.14 bp | 5.9 bp −$6 | 13.0 bp −$130 | 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.Injective0.3428cheapestSunX0.3446+0.512%Aevo0.3446+0.522%HTX0.3446+0.538%Extended0.3447+0.551%edgeX0.3447+0.552%
Injective
SunX
Aevo
HTX
ExtendedBackpack0.3447+0.560%
ApeX Omni0.3447+0.560%Aster0.3447+0.560%Reya0.3447+0.562%Paradex0.3447+0.567%BloFin0.3448+0.572%MEXC0.3448+0.575%SoDEX0.3448+0.575%Binance0.3448+0.579%Variational Omni0.3448+0.582%Lighter0.3448+0.583%Bybit0.3448+0.583%OKX0.3448+0.583%BingX0.3448+0.589%Bitget0.3448+0.592%Phemex0.3448+0.595%Gate0.3449+0.604%Phoenix0.3449+0.604%GMX0.3449+0.612%Orderly0.3449+0.613%gTrade (Gains Network)0.3449+0.619%dYdX0.3449+0.626%
ApeX Omni
Aster
Reya
Paradex
BloFin
MEXC
SoDEX
Binance
Variational Omni
Lighter
Bybit
OKX
BingX
Bitget
Phemex
Gate
Phoenix
GMX
Orderly
gTrade (Gains Network)
dYdXKraken Futures0.3450+0.642%
Hyperliquid0.3450+0.643%KuCoin0.3450+0.645%Deribit0.3451+0.665%
Hyperliquid
KuCoin
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 | −0.557% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| SunX TRX-USDT | −0.048% | +0.0100% | 8h | $196K | $835K | 30x | as long as short |
| Aevo TRX-PERP | −0.038% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.022% | −0.0336% | 8h | $862K | $532K | 75x | as long as short |
| Extended TRX-USD | −0.009% | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
| edgeX TRXUSDC | −0.008% | +0.0100% | 4h | $588K | $449K | 20x | as long as short |
| Backpack TRX_USDC_PERPlong | 0.000% | −0.0175% | 1h | $60K | $4K | 10x | |
| ApeX Omni TRXUSDT | 0.000% | +0.0100% | 1h | $115K | $544K | 50x | as long as short |
| Aster TRXUSDT | 0.000% | −0.0250% | 8h | $945K | $541K | 75x | as long as short |
| Reya TRXRUSDPERP | +0.002% | −0.0133% | 1h | $5 | — | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.007% | +0.0093% | 8h | $8K | $333 | 20x | as long as short |
| BloFin TRX-USDT | +0.012% | +0.0104% | 8h | $4.7M | $3.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.015% | −0.0015% | 8h | $17.5M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.015% | −0.0177% | 1h | $408 | $5K | 5x | as long as short |
| Binance TRXUSDT | +0.019% | −0.0016% | 8h | $100.2M | $48.1M | 75x | as long as short |
| Variational Omni TRX | +0.022% | +0.0094% | 8h | $559K | $35K | — | as long as short |
| Lighter TRX | +0.023% | +0.0096% | 1h | $446K | $576K | 10x | as long as short |
| Bybit TRXUSDT | +0.023% | +0.0070% | 8h | $54.7M | $7.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.023% | −0.0005% | 8h | $15.5M | $8.8M | 50x | as long as short |
| BingX TRX-USDC | +0.029% | −0.0015% | 8h | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.032% | +0.0100% | 8h | $9.5M | $2.0M | 75x | as long as short |
| Phemex TRXUSDT | +0.035% | +0.0027% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Gate TRX_USDT | +0.044% | −0.0003% | 8h | $9.7M | $2.2M | 75x | as long as short |
| Phoenix TRX | +0.044% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.052% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Orderly PERP_TRX_USDC | +0.052% | +0.0077% | 8h | $15K | $200K | 20x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.059% | L +0.0003% / S −0.0006% | 1h | $122K | — | 150x | as long as short |
| dYdX TRX-USD | +0.065% | +0.0318% | 1h | $187K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.081% | +0.0427% | 1h | $1.8M | $794K | 25x | |
| Hyperliquid TRX | +0.082% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.084% | +0.0100% | 8h | $8.7M | $3.4M | 75x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.104% | +0.0014% | 1h | $791K | $357K | 25x | as long as short |