Funding you earn now, next payment 03:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against BingX−0.051%53s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.051% cheaper against BingX than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3486 | 0.0100 | pay 0.0100% / 8h | 5h 57m | — | $32.8M | — |
| Short | Kraken Futures PF_TRXUSD | 0.3484 | 0.0584 | get 0.0073% / 1h | 57m 21s | $2.4M | $1.6M | 25x |
BingX TRX-USDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $101.65
- Price spread: −0.051% → 0.000%
- −$5.06
- Slippage, 4 orders
- −$15.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.64
- Costs to cover
- 0.360%
- Break-even
- 2.8 days
Slippage from BingX: live order book, 11 min ago; Kraken Futures: live order book, 1 min ago.
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 BingX live order book, 11 min ago | 0.43 bp | 5.8 bp −$6 | 6.8 bp −$68 | 13.1 bp −$1,312 | 30.6 bp −$15.3K |
| Sell Kraken Futures live order book, 1 min ago | 4.45 bp | 15.1 bp −$15 | 21.0 bp −$210 | doesn't fit | doesn't fit |
TRX on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3485 | −0.034% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3486 | −0.020% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | −0.080% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3486 | −0.011% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.297% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | +0.0061% | 8h | 0.3486 | −0.014% | $8.8M | $3.5M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3484 | −0.072% | $486K | $662K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3484 | −0.072% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3485 | −0.036% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3487 | +0.011% | $13.0M | $2.5M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3485 | −0.034% | $963K | $691K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3487 | +0.016% | $104.0M | $55.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3485 | −0.034% | $54.2M | $10.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | −0.057% | $15.7M | $9.2M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | −0.020% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.009% | $19.1M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3485 | −0.032% | $10.4M | $3.3M | 75x | as long as short |
| BingX TRX-USDTlong | +0.0100% | 8h | 0.3486 | long leg | — | $32.8M | — | |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3482 | −0.109% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.238% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.263% | $593K | $466K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3477 | −0.252% | $116K | $561K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.184% | $198K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3483 | −0.077% | $405 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3483 | −0.105% | $839K | $816K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3484 | −0.072% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | −0.037% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.104% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3485 | −0.020% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0584% | 1h | 0.3484 | −0.051% | $2.4M | $1.6M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0783% | 1h | 0.3488 | +0.050% | $828K | $488K | 25x | as long as short |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL