Spread before costs (cost unknown: a leg has no order-book sample)−0.647%
7d average—if it closes, per $10,000$65funding while held, a day−$4.81
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3450 | 0.0194 | pay 0.0024% / 1h | 24m 19s | $797K | $390K | 25x |
| Short | Injective TRX/USDC PERP | 0.3428 | 0.0033 | get 0.0004% / 1h | 24m 19s | $1K | $70K | 12x |
Deribit TRX_USDC-PERPETUAL
Injective TRX/USDC PERPPrice 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
- −$64.69
- Funding while held
- −$4.81
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$76.52
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: live order book, 21 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0160%
- Per $10,000 a day
- −$4.81
- 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 Deribit live order book, 21 min ago | 1.45 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapest
Aevo0.3444+0.478%Bybit0.3445+0.502%SunX0.3446+0.517%Aster0.3446+0.519%BingX0.3446+0.528%Extended0.3446+0.533%Bitget0.3446+0.534%HTX0.3446+0.535%SoDEX0.3446+0.537%Phemex0.3446+0.537%Backpack0.3447+0.540%Orderly0.3447+0.540%Variational Omni0.3447+0.541%Reya0.3447+0.545%Lighter0.3447+0.548%OKX0.3447+0.551%Gate0.3447+0.554%edgeX0.3447+0.557%MEXC0.3447+0.563%BloFin0.3448+0.572%Paradex0.3448+0.574%Binance0.3448+0.574%KuCoin0.3448+0.595%Hyperliquid0.3448+0.596%ApeX Omni0.3449+0.601%Phoenix0.3449+0.601%dYdX0.3449+0.609%gTrade (Gains Network)0.3449+0.609%GMX0.3449+0.622%Kraken Futures0.3449+0.627%
Aevo
Bybit
SunX
Aster
BingX
Extended
Bitget
HTX
SoDEX
Phemex
Backpack
Orderly
Variational Omni
Reya
Lighter
OKX
Gate
MEXC
BloFin
Paradex
Binance
KuCoin
Hyperliquid
ApeX Omni
Phoenix
dYdX
gTrade (Gains Network)
GMX
Kraken FuturesDeribit0.3450+0.651%
TRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERPshort | −0.647% | +0.0033% | 1h | $1K | $70K | 12x | |
| Aevo TRX-PERP | −0.172% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Bybit TRXUSDT | −0.148% | −0.0077% | 8h | $54.6M | $7.7M | 75x | as long as short |
| SunX TRX-USDT | −0.133% | +0.0100% | 8h | $196K | $851K | 30x | as long as short |
| Aster TRXUSDT | −0.131% | −0.0166% | 8h | $914K | $581K | 75x | as long as short |
| BingX TRX-USDT | −0.122% | +0.0100% | 8h | — | $35.3M | — | as long as short |
| Extended TRX-USD | −0.118% | 0.0000% | 1h | $195K | $1.1M | 25x | as long as short |
| Bitget TRXUSDT | −0.117% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| HTX TRX-USDT | −0.116% | −0.0051% | 8h | $836K | $626K | 75x | as long as short |
| SoDEX TRX-USD | −0.114% | −0.0103% | 1h | $403 | $5K | 5x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex TRXUSDT | −0.114% | −0.0027% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Backpack TRX_USDC_PERP | −0.111% | −0.0138% | 1h | $60K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDC | −0.111% | +0.0084% | 8h | $15K | $113K | 20x | as long as short |
| Variational Omni TRX | −0.109% | +0.0061% | 8h | $559K | $35K | — | as long as short |
| Reya TRXRUSDPERP | −0.106% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Lighter TRX | −0.102% | +0.0096% | 1h | $449K | $562K | 10x | as long as short |
| OKX TRX-USDT-SWAP | −0.099% | +0.0032% | 8h | $15.6M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | −0.096% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | −0.094% | +0.0100% | 4h | $588K | $449K | 20x | as long as short |
| MEXC TRX_USDT | −0.088% | +0.0003% | 8h | $17.4M | $1.7M | 200x | as long as short |
| BloFin TRX-USDT | −0.079% | +0.0012% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | −0.077% | +0.0067% | 8h | $8K | $333 | 20x | as long as short |
| Binance TRXUSDT | −0.076% | +0.0003% | 8h | $100.6M | $51.5M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.056% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Hyperliquid TRX | −0.055% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| ApeX Omni TRXUSDT | −0.050% | +0.0100% | 1h | $115K | $553K | 50x | as long as short |
| Phoenix TRX | −0.050% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | −0.042% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | −0.041% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.029% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | −0.024% | +0.0116% | 1h | $1.9M | $908K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | 0.000% | +0.0194% | 1h | $797K | $390K | 25x |