Funding you earn now, next payment 11:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against dYdX−0.010%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1261.261% of the position
Funding, last 7 days−0.417%−$42 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.010%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.417%, 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 | dYdX TRX-USD | 0.3464 | 0.0036 | pay 0.0004% / 1h | 6m 31s | $182K | $10K | 10x |
| Short | Kraken Futures PF_TRXUSD | 0.3464 | 0.0270 | get 0.0034% / 1h | 6m 31s | $2.3M | $1.8M | 25x |
dYdX TRX-USD
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- $49.1
- Price spread: −0.010% → +0.005%
- −$1.48
- Slippage, 4 orders
- −$106.05
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.43
- Costs to cover
- 1.261%
- Break-even
- 18.2 days
Slippage from dYdX: live order book, 41 min ago; Kraken Futures: live order book, 5 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 dYdX live order book, 41 min ago | 42.38 bp | 48.5 bp −$48 | 48.5 bp −$485 | 58.7 bp −$5,869 | 358.4 bp −$179.2K |
| Sell Kraken Futures live order book, 5 min ago | 4.91 bp | 10.2 bp −$10 | 16.5 bp −$165 | doesn't fit | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0360% | 8h | 0.3463 | −0.022% | $976K | $992K | 75x | as long as short |
| HTX TRX-USDT | −0.0177% | 8h | 0.3462 | −0.054% | $829K | $886K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3462 | −0.072% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0064% | 1h | 0.3463 | −0.037% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.039% | $5K | $14K | 10x | as long as short |
| Bybit TRXUSDT | −0.0027% | 8h | 0.3462 | −0.071% | $53.3M | $13.7M | 75x | as long as short |
| SoDEX TRX-USD | −0.0012% | 1h | 0.3463 | −0.022% | $403 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3465 | +0.019% | $136K | — | 150x | as long as short |
| BingX TRX-USDC | +0.0009% | 8h | 0.3463 | −0.039% | — | $6.5M | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.672% | $1K | $163K | 12x | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
Bybit TRXUSDT
SoDEX TRX-USD
gTrade (Gains Network) TRX/USD
BingX TRX-USDC
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USDlong | +0.0036% | 1h | 0.3464 | long leg | $182K | $10K | 10x | |
| Bitget TRXUSDT | +0.0043% | 8h | 0.3463 | −0.025% | $9.7M | $4.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3463 | −0.038% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | −0.011% | $483K | $670K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3463 | −0.028% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.091% | $14.2M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3464 | −0.016% | $105.2M | $65.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3463 | −0.045% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | −0.028% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3464 | −0.016% | $18.6M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3463 | −0.022% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3462 | −0.076% | $566K | $47K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.022% | $591K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3466 | +0.053% | $116K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.055% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3464 | −0.013% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3461 | −0.081% | $215K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3462 | −0.078% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3466 | +0.047% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0270% | 1h | 0.3464 | −0.010% | $2.3M | $1.8M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0324% | 1h | 0.3466 | +0.056% | $789K | $713K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3464 | +0.004% | $20K | — | 100x | as long as short |
Bitget TRXUSDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]