Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.027%
Price spread now: Kraken Futures against BloFin+0.023%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.023%, 7d avg +0.026%
=The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3482 | 0.0220 | pay 0.0220% / 8h | 36m 26s | $4.7M | $4.0M | 50x |
| Short | Kraken Futures PF_TRXUSD | 0.3483 | 0.0296 | get 0.0037% / 1h | 36m 26s | $2.4M | $1.9M | 25x |
BloFin TRX-USDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $15.89
- Price spread: +0.023% → +0.026%
- −$0.3
- Slippage, 4 orders
- −$15.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$21.92
- Costs to cover
- 0.375%
- Break-even
- 16.7 days
Slippage from BloFin: live order book, 2 min ago; Kraken Futures: live order book, 2 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 BloFin live order book, 2 min ago | 0.14 bp | 6.7 bp −$7 | 9.9 bp −$99 | 27.6 bp −$2,760 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.73 bp | 10.4 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3481 | −0.038% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0077% | 8h | 0.3481 | −0.036% | $834K | $957K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3483 | +0.034% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | +0.037% | $183K | $12K | 10x | as long as short |
| Backpack TRX_USDC_PERP | 0.0000% | 1h | 0.3481 | −0.032% | $62K | $5K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3483 | +0.024% | $123K | — | 150x | as long as short |
| SoDEX TRX-USD | +0.0008% | 1h | 0.3481 | −0.023% | $405 | $5K | 5x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.177% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3481 | −0.017% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0084% | 8h | 0.3481 | −0.036% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
Backpack TRX_USDC_PERP
gTrade (Gains Network) TRX/USD
SoDEX TRX-USD
Injective TRX/USDC PERP
BingX TRX-USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3481 | −0.017% | $487K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3481 | −0.023% | $14K | $61K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3485 | +0.095% | $13.3M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.057% | $971K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | −0.016% | $106.7M | $63.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | 0.000% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | −0.014% | $15.7M | $10.8M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | −0.011% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | −0.011% | $19.2M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3482 | +0.009% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3480 | −0.052% | $9.8M | $4.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.063% | $569K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.006% | $594K | $462K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3482 | −0.011% | $116K | $596K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.063% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3481 | −0.023% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3480 | −0.044% | $205K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.077% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTlong | +0.0220% | 8h | 0.3482 | long leg | $4.7M | $4.0M | 50x | |
| Kraken Futures PF_TRXUSDshort | +0.0296% | 1h | 0.3483 | +0.023% | $2.4M | $1.9M | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3482 | +0.010% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0683% | 1h | 0.3485 | +0.097% | $875K | $745K | 25x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL