data as of
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Price arb /

TRX

all TRX markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.112%7d average+0.045%fees + slippage, in and out−$33spread needed0.330%
Long on BybitShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TRXUSDT0.3437−0.0174get 0.0174% / 8h5h 22m$54.6M$7.6M75x
ShortKraken Futures PF_TRXUSD0.3441−0.0044pay 0.0006% / 1h22m 27s$1.8M$884K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$11.19
Funding while held
$3.88
Slippage, 4 orders
−$11.97
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$17.9
Spread needed to break even
0.330%
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0129%
Per $10,000 a day
+$3.88
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago1.46 bp7.0 bp −$710.3 bp −$10343.4 bp −$4,341doesn't fit
Sell Kraken Futures live order book, 3 min ago2.18 bp8.2 bp −$815.7 bp −$157doesn't fitdoesn't fit

TRX price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.3437cheapest
Bitget0.3437cheapestHTX0.3437+0.002%Aevo0.3437+0.002%Extended0.3437+0.011%Variational Omni0.3438+0.019%Reya0.3438+0.021%Lighter0.3438+0.032%OKX0.3438+0.032%Gate0.3438+0.035%Binance0.3438+0.038%BingX0.3438+0.038%Phemex0.3438+0.038%BloFin0.3438+0.038%MEXC0.3438+0.041%SoDEX0.3438+0.041%Paradex0.3438+0.043%edgeX0.3438+0.043%KuCoin0.3438+0.044%Backpack0.3438+0.044%Injective0.3439+0.058%Orderly0.3439+0.061%ApeX Omni0.3440+0.076%Phoenix0.3440+0.076%Aster0.3440+0.081%dYdX0.3440+0.095%GMX0.3440+0.099%gTrade (Gains Network)0.3441+0.104%SunX0.3441+0.106%Hyperliquid0.3441+0.108%
Kraken Futures0.3441+0.112%
Deribit0.3442+0.157%

TRX on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit TRXUSDTlong0.000%−0.0174%8h$54.6M$7.6M75x
Bitget TRXUSDT0.000%+0.0092%8h$9.4M$2.1M75xas long as short
HTX TRX-USDT+0.002%−0.0070%8h$828K$653K75xas long as short
Aevo TRX-PERP+0.002%+0.0072%1h$33K—3xas long as short
Extended TRX-USD+0.011%−0.0024%1h$194K$1.1M25xas long as short
Variational Omni TRX+0.019%−0.0048%8h$558K$34K—as long as short
Reya TRXRUSDPERP+0.021%−0.0133%1h$5—20xas long as short
Lighter TRX+0.032%−0.0024%1h$485K$614K10xas long as short
OKX TRX-USDT-SWAP+0.032%+0.0004%8h$15.5M$8.7M50xas long as short
Gate TRX_USDT+0.035%+0.0051%8h$9.6M$2.5M75xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance TRXUSDT+0.038%−0.0021%8h$99.1M$50.7M75xas long as short
BingX TRX-USDT+0.038%−0.0178%8h—$38.2M—as long as short
Phemex TRXUSDT+0.038%+0.0004%8h$3.7M$1.5M50xas long as short
BloFin TRX-USDT+0.038%+0.0098%8h$4.6M$3.9M50xas long as short
MEXC TRX_USDT+0.041%−0.0021%8h$17.0M$1.7M200xas long as short
SoDEX TRX-USD+0.041%−0.0078%1h$402$5K5xas long as short
Paradex TRX-USD-PERP+0.043%+0.0008%8h$8K$33320xas long as short
edgeX TRXUSDC+0.043%+0.0100%4h$586K$446K20xas long as short
KuCoin TRXUSDTM+0.044%+0.0100%8h$8.6M$3.6M75xas long as short
Backpack TRX_USDC_PERP+0.044%−0.0267%1h$60K$4K10xas long as short
Injective TRX/USDC PERP+0.058%+0.0033%1h$1K$71K12xas long as short
Orderly PERP_TRX_USDC+0.061%+0.0083%8h$14K$107K20xas long as short
ApeX Omni TRXUSDT+0.076%+0.0100%1h$115K$532K50xas long as short
Phoenix TRX+0.076%−0.0093%1h$5K$13K10xas long as short
Aster TRXUSDT+0.081%−0.0115%8h$913K$586K75xas long as short
dYdX TRX-USD+0.095%+0.0054%1h$186K$3K10xas long as short
GMX TRX/USD [ETH-USDC]+0.099%L +0.0338% / S −0.0340%1h$18K—100xas long as short
gTrade (Gains Network) TRX/USD+0.104%L +0.0003% / S −0.0007%1h$121K—150xas long as short
SunX TRX-USDT+0.106%+0.0100%8h$196K$891K30xas long as short
Hyperliquid TRX+0.108%+0.0100%1h$13.2M$2.1M10xas long as short
Kraken Futures PF_TRXUSDshort+0.112%−0.0044%1h$1.8M$884K25x
Deribit TRX_USDC-PERPETUAL+0.157%+0.0247%1h$829K$378K25xas long as short