After costs, if the gap returns to its 7d average, $10k−$62
spread now−0.023%7d average+0.029%fees + slippage, in and out−$57spread needed0.566%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3454 | 0.0063 | pay 0.0063% / 8h | 46m 30s | $54.7M | $7.8M | 75x |
| Short | Phemex TRXUSDT | 0.3453 | 0.0024 | get 0.0024% / 8h | 46m 30s | $3.7M | $1.5M | 50x |
Bybit TRXUSDT
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
- −$2.32
- Funding while held
- −$1.17
- Slippage, 4 orders
- −$33.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$60.1
- Spread needed to break even
- 0.566%
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0039%
- Per $10,000 a day
- −$1.17
- 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 Bybit live order book, 4 min ago | 1.45 bp | 6.9 bp −$7 | 10.8 bp −$108 | 45.5 bp −$4,549 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.47 bp | 10.2 bp −$10 | 26.6 bp −$266 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestAevo0.3451+0.666%SunX0.3451+0.669%Variational Omni0.3451+0.673%HTX0.3453+0.716%Backpack0.3453+0.718%edgeX0.3453+0.721%Orderly0.3453+0.723%
Injective
Aevo
SunX
Variational Omni
HTX
Backpack
OrderlyPhemex0.3453+0.723%
BloFin0.3453+0.726%ApeX Omni0.3453+0.738%Aster0.3454+0.744%
BloFin
ApeX Omni
AsterBybit0.3454+0.747%
SoDEX0.3454+0.750%Extended0.3454+0.753%Phoenix0.3454+0.756%Paradex0.3454+0.756%GMX0.3454+0.757%Reya0.3454+0.758%BingX0.3454+0.761%MEXC0.3454+0.764%gTrade (Gains Network)0.3454+0.765%Binance0.3454+0.768%Gate0.3454+0.773%OKX0.3455+0.776%Lighter0.3455+0.779%Bitget0.3455+0.782%Kraken Futures0.3455+0.799%dYdX0.3456+0.807%KuCoin0.3456+0.811%Hyperliquid0.3456+0.817%Deribit0.3457+0.834%
SoDEX
Extended
Phoenix
Paradex
GMX
Reya
BingX
MEXC
gTrade (Gains Network)
Binance
Gate
OKX
Lighter
Bitget
Kraken Futures
dYdX
KuCoin
Hyperliquid
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 | −0.741% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| Aevo TRX-PERP | −0.080% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.077% | +0.0100% | 8h | $196K | $832K | 30x | as long as short |
| Variational Omni TRX | −0.073% | +0.0094% | 8h | $559K | $35K | — | as long as short |
| HTX TRX-USDT | −0.031% | −0.0326% | 8h | $849K | $579K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.029% | −0.0117% | 1h | $60K | $4K | 10x | as long as short |
| edgeX TRXUSDC | −0.026% | +0.0100% | 4h | $589K | $456K | 20x | as long as short |
| Orderly PERP_TRX_USDC | −0.023% | +0.0077% | 8h | $15K | $192K | 20x | as long as short |
| Phemex TRXUSDTshort | −0.023% | +0.0024% | 8h | $3.7M | $1.5M | 50x | |
| BloFin TRX-USDT | −0.020% | +0.0103% | 8h | $4.7M | $3.8M | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni TRXUSDT | −0.009% | +0.0100% | 1h | $115K | $548K | 50x | as long as short |
| Aster TRXUSDT | −0.002% | −0.0233% | 8h | $938K | $550K | 75x | as long as short |
| Bybit TRXUSDTlong | 0.000% | +0.0063% | 8h | $54.7M | $7.8M | 75x | |
| SoDEX TRX-USD | +0.003% | 0.0000% | 1h | $408 | $5K | 5x | as long as short |
| Extended TRX-USD | +0.006% | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
| Phoenix TRX | +0.009% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.010% | +0.0089% | 8h | $8K | $333 | 20x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.010% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Reya TRXRUSDPERP | +0.011% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| BingX TRX-USDC | +0.014% | −0.0016% | 8h | — | $6.5M | — | as long as short |
| MEXC TRX_USDT | +0.017% | −0.0016% | 8h | $17.6M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.018% | L +0.0003% / S −0.0006% | 1h | $122K | — | 150x | as long as short |
| Binance TRXUSDT | +0.021% | −0.0017% | 8h | $100.2M | $49.4M | 75x | as long as short |
| Gate TRX_USDT | +0.026% | +0.0005% | 8h | $9.7M | $2.3M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.029% | −0.0003% | 8h | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.032% | +0.0096% | 1h | $447K | $577K | 10x | as long as short |
| Bitget TRXUSDT | +0.035% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.051% | +0.0426% | 1h | $1.9M | $905K | 25x | as long as short |
| dYdX TRX-USD | +0.059% | +0.0143% | 1h | $188K | $3K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.064% | +0.0100% | 8h | $8.7M | $3.5M | 75x | as long as short |
| Hyperliquid TRX | +0.069% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.087% | +0.0123% | 1h | $796K | $381K | 25x | as long as short |