After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.067%7d average+0.017%fees + slippage, in and out−$29spread needed0.292%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRXUSDT | 0.3453 | −0.0016 | get 0.0016% / 8h | 44m 25s | $100.5M | $49.5M | 75x |
| Short | Kraken Futures PF_TRXUSD | 0.3456 | 0.0426 | get 0.0053% / 1h | 44m 25s | $1.9M | $908K | 25x |
Binance TRXUSDT
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
- $6.72
- Funding while held
- $13.25
- Slippage, 4 orders
- −$9.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$9.27
- Spread needed to break even
- 0.292%
Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0442%
- Per $10,000 a day
- +$13.25
- 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 Binance live order book, 15 min ago | 0.14 bp | 5.1 bp −$5 | 5.5 bp −$55 | 24.5 bp −$2,454 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 2.75 bp | 8.4 bp −$8 | 17.8 bp −$178 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestSunX0.3451+0.674%Aevo0.3451+0.680%Reya0.3453+0.717%Backpack0.3453+0.721%edgeX0.3453+0.721%Aster0.3453+0.723%OKX0.3453+0.723%HTX0.3453+0.725%Phemex0.3453+0.726%Paradex0.3453+0.730%Bybit0.3453+0.732%Variational Omni0.3453+0.732%Orderly0.3453+0.735%Extended0.3453+0.736%ApeX Omni0.3453+0.738%BingX0.3453+0.741%
Injective
SunX
Aevo
Reya
Backpack
Aster
OKX
HTX
Phemex
Paradex
Bybit
Variational Omni
Orderly
Extended
ApeX Omni
BingXBinance0.3453+0.742%
MEXC0.3453+0.744%SoDEX0.3453+0.744%Bitget0.3454+0.747%Lighter0.3454+0.750%Gate0.3454+0.750%Phoenix0.3454+0.756%GMX0.3454+0.763%gTrade (Gains Network)0.3454+0.773%BloFin0.3454+0.773%KuCoin0.3455+0.782%Hyperliquid0.3455+0.788%dYdX0.3456+0.807%
MEXC
SoDEX
Bitget
Lighter
Gate
Phoenix
GMX
gTrade (Gains Network)
BloFin
KuCoin
Hyperliquid
dYdXKraken Futures0.3456+0.809%
Deribit0.3456+0.831%
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 | −0.736% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| SunX TRX-USDT | −0.067% | +0.0100% | 8h | $196K | $829K | 30x | as long as short |
| Aevo TRX-PERP | −0.062% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Reya TRXRUSDPERP | −0.024% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.021% | −0.0116% | 1h | $60K | $4K | 10x | as long as short |
| edgeX TRXUSDC | −0.020% | +0.0100% | 4h | $589K | $456K | 20x | as long as short |
| Aster TRXUSDT | −0.018% | −0.0230% | 8h | $938K | $551K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.018% | −0.0001% | 8h | $15.6M | $8.8M | 50x | as long as short |
| HTX TRX-USDT | −0.016% | −0.0325% | 8h | $849K | $585K | 75x | as long as short |
| Phemex TRXUSDT | −0.015% | +0.0027% | 8h | $3.7M | $1.5M | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | −0.011% | +0.0089% | 8h | $8K | $333 | 20x | as long as short |
| Bybit TRXUSDT | −0.009% | +0.0063% | 8h | $54.7M | $7.8M | 75x | as long as short |
| Variational Omni TRX | −0.009% | +0.0094% | 8h | $560K | $35K | — | as long as short |
| Orderly PERP_TRX_USDC | −0.006% | +0.0077% | 8h | $15K | $188K | 20x | as long as short |
| Extended TRX-USD | −0.006% | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
| ApeX Omni TRXUSDT | −0.004% | +0.0100% | 1h | $115K | $548K | 50x | as long as short |
| BingX TRX-USDC | −0.001% | −0.0017% | 8h | — | $6.5M | — | as long as short |
| Binance TRXUSDTlong | 0.000% | −0.0016% | 8h | $100.5M | $49.5M | 75x | |
| MEXC TRX_USDT | +0.002% | −0.0015% | 8h | $17.6M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.002% | +0.0014% | 1h | $407 | $5K | 5x | as long as short |
| Bitget TRXUSDT | +0.005% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Lighter TRX | +0.008% | +0.0096% | 1h | $446K | $577K | 10x | as long as short |
| Gate TRX_USDT | +0.008% | +0.0007% | 8h | $9.7M | $2.3M | 75x | as long as short |
| Phoenix TRX | +0.014% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.021% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.031% | L +0.0003% / S −0.0006% | 1h | $122K | — | 150x | as long as short |
| BloFin TRX-USDT | +0.031% | +0.0104% | 8h | $4.7M | $3.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.040% | +0.0100% | 8h | $8.7M | $3.5M | 75x | as long as short |
| Hyperliquid TRX | +0.046% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| dYdX TRX-USD | +0.065% | +0.0124% | 1h | $188K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.067% | +0.0426% | 1h | $1.9M | $908K | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.088% | +0.0039% | 1h | $796K | $381K | 25x | as long as short |