After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.006%7d average+0.015%fees + slippage, in and out−$24spread needed0.243%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3439 | −0.0192 | get 0.0192% / 8h | 6h 31m | — | $35.3M | — |
| Short | Phemex TRXUSDT | 0.3439 | −0.0027 | pay 0.0027% / 8h | 6h 31m | $3.7M | $1.5M | 50x |
BingX TRX-USDT
Phemex TRXUSDTPrice 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
- $0.58
- Funding while held
- $4.96
- Slippage, 4 orders
- −$2.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$18.8
- Spread needed to break even
- 0.243%
Slippage from BingX: live order book, 13 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0165%
- Per $10,000 a day
- +$4.96
- 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 BingX live order book, 13 min ago | 0.29 bp | 5.3 bp −$5 | 5.8 bp −$58 | 11.8 bp −$1,182 | 32.0 bp −$16.0K |
| Sell Phemex live order book, 3 min ago | 0.14 bp | 7.0 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestVariational Omni0.3438+0.285%HTX0.3439+0.310%Bybit0.3439+0.321%Reya0.3439+0.329%
Injective
Variational Omni
HTX
Bybit
ReyaBingX0.3439+0.330%
SoDEX0.3439+0.330%Aster0.3439+0.333%Bitget0.3439+0.335%
SoDEX
Aster
BitgetPhemex0.3439+0.335%
edgeX0.3440+0.336%Orderly0.3440+0.338%OKX0.3440+0.341%Extended0.3440+0.342%Backpack0.3440+0.350%Paradex0.3440+0.353%Binance0.3440+0.356%Gate0.3440+0.356%MEXC0.3440+0.356%BloFin0.3440+0.359%Lighter0.3441+0.368%Phoenix0.3441+0.373%Aevo0.3441+0.377%KuCoin0.3441+0.382%ApeX Omni0.3441+0.382%dYdX0.3441+0.388%SunX0.3442+0.395%GMX0.3442+0.396%gTrade (Gains Network)0.3442+0.407%Hyperliquid0.3442+0.411%Kraken Futures0.3443+0.425%Deribit0.3443+0.449%
Orderly
OKX
Extended
Backpack
Paradex
Binance
Gate
MEXC
BloFin
Lighter
Phoenix
Aevo
KuCoin
ApeX Omni
dYdX
SunX
GMX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
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 | −0.329% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Variational Omni TRX | −0.045% | +0.0009% | 8h | $558K | $35K | — | as long as short |
| HTX TRX-USDT | −0.019% | −0.0080% | 8h | $834K | $633K | 75x | as long as short |
| Bybit TRXUSDT | −0.009% | −0.0194% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Reya TRXRUSDPERP | −0.001% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| BingX TRX-USDTlong | 0.000% | −0.0192% | 8h | — | $35.3M | — | |
| SoDEX TRX-USD | 0.000% | −0.0137% | 1h | $405 | $5K | 5x | as long as short |
| Aster TRXUSDT | +0.003% | −0.0144% | 8h | $913K | $583K | 75x | as long as short |
| Bitget TRXUSDT | +0.006% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDTshort | +0.006% | −0.0027% | 8h | $3.7M | $1.5M | 50x |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX TRXUSDC | +0.006% | +0.0100% | 4h | $587K | $448K | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.009% | +0.0083% | 8h | $15K | $110K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.012% | +0.0016% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Extended TRX-USD | +0.012% | −0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Backpack TRX_USDC_PERP | +0.020% | −0.0117% | 1h | $60K | $4K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.023% | +0.0043% | 8h | $8K | $333 | 20x | as long as short |
| Binance TRXUSDT | +0.026% | −0.0012% | 8h | $100.0M | $50.1M | 75x | as long as short |
| Gate TRX_USDT | +0.026% | +0.0099% | 8h | $9.6M | $2.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.026% | −0.0011% | 8h | $17.0M | $1.7M | 200x | as long as short |
| BloFin TRX-USDT | +0.029% | +0.0108% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Lighter TRX | +0.038% | +0.0088% | 1h | $447K | $573K | 10x | as long as short |
| Phoenix TRX | +0.044% | −0.0116% | 1h | $5K | $13K | 10x | as long as short |
| Aevo TRX-PERP | +0.047% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| KuCoin TRXUSDTM | +0.052% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| ApeX Omni TRXUSDT | +0.052% | +0.0100% | 1h | $115K | $536K | 50x | as long as short |
| dYdX TRX-USD | +0.058% | +0.0192% | 1h | $186K | $3K | 10x | as long as short |
| SunX TRX-USDT | +0.065% | +0.0100% | 8h | $196K | $861K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.066% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.077% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Hyperliquid TRX | +0.081% | +0.0100% | 1h | $13.1M | $2.1M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.095% | −0.0158% | 1h | $1.8M | $896K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.119% | +0.0186% | 1h | $815K | $401K | 25x | as long as short |