After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.012%7d average+0.031%fees + slippage, in and out−$26spread needed0.255%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3440 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $586K | $445K | 20x |
| Short | Phemex TRXUSDT | 0.3439 | −0.0006 | pay 0.0006% / 8h | 5h 27m | $3.7M | $1.5M | 50x |
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
- −$1.18
- Funding while held
- −$3.18
- Slippage, 4 orders
- −$4.51
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.86
- Spread needed to break even
- 0.255%
Slippage from edgeX: live order book, 8 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0106%
- Per $10,000 a day
- −$3.18
- 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 edgeX live order book, 8 min ago | 0.73 bp | 5.2 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.14 bp | 7.5 bp −$8 | 11.6 bp −$116 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Aevo0.3438cheapestBybit0.3438+0.014%Bitget0.3438+0.020%HTX0.3438+0.027%Lighter0.3439+0.031%Extended0.3439+0.033%Variational Omni0.3439+0.033%KuCoin0.3439+0.037%Paradex0.3439+0.040%Reya0.3439+0.042%Backpack0.3439+0.043%Injective0.3439+0.043%OKX0.3439+0.046%Gate0.3439+0.049%MEXC0.3439+0.049%SoDEX0.3439+0.049%BloFin0.3439+0.049%
Aevo
Bybit
Bitget
HTX
Lighter
Extended
Variational Omni
KuCoin
Paradex
Reya
Backpack
Injective
OKX
Gate
MEXC
SoDEX
BloFinPhemex0.3439+0.052%
BingX0.3439+0.055%Orderly0.3440+0.061%Binance0.3440+0.063%Aster0.3440+0.066%Phoenix0.3440+0.084%GMX0.3441+0.093%gTrade (Gains Network)0.3441+0.107%ApeX Omni0.3441+0.113%SunX0.3442+0.117%Hyperliquid0.3442+0.119%Kraken Futures0.3442+0.128%dYdX0.3442+0.136%Deribit0.3444+0.182%
BingX
Orderly
Binance
Aster
Phoenix
GMX
gTrade (Gains Network)
ApeX Omni
SunX
Hyperliquid
Kraken Futures
dYdX
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo TRX-PERP | −0.064% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Bybit TRXUSDT | −0.050% | −0.0174% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Bitget TRXUSDT | −0.044% | +0.0096% | 8h | $9.4M | $2.1M | 75x | as long as short |
| HTX TRX-USDT | −0.036% | −0.0076% | 8h | $828K | $653K | 75x | as long as short |
| Lighter TRX | −0.032% | −0.0032% | 1h | $485K | $614K | 10x | as long as short |
| Extended TRX-USD | −0.031% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Variational Omni TRX | −0.031% | −0.0047% | 8h | $558K | $34K | — | as long as short |
| KuCoin TRXUSDTM | −0.026% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Paradex TRX-USD-PERP | −0.023% | +0.0006% | 8h | $8K | $333 | 20x | as long as short |
| Reya TRXRUSDPERP | −0.022% | −0.0133% | 1h | $5 | — | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.020% | −0.0270% | 1h | $60K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.020% | +0.0033% | 1h | $1K | $71K | 12x | as long as short |
| OKX TRX-USDT-SWAP | −0.018% | +0.0004% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Gate TRX_USDT | −0.015% | +0.0047% | 8h | $9.6M | $2.5M | 75x | as long as short |
| MEXC TRX_USDT | −0.015% | −0.0024% | 8h | $17.0M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | −0.015% | −0.0079% | 1h | $404 | $5K | 5x | as long as short |
| BloFin TRX-USDT | −0.015% | +0.0096% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Phemex TRXUSDTshort | −0.012% | −0.0006% | 8h | $3.7M | $1.5M | 50x | |
| BingX TRX-USDT | −0.009% | −0.0178% | 8h | — | $38.2M | — | as long as short |
| Orderly PERP_TRX_USDC | −0.003% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| Binance TRXUSDT | −0.001% | −0.0024% | 8h | $99.2M | $50.8M | 75x | as long as short |
| edgeX TRXUSDClong | 0.000% | +0.0100% | 4h | $586K | $445K | 20x | |
| Aster TRXUSDT | +0.003% | −0.0119% | 8h | $913K | $586K | 75x | as long as short |
| Phoenix TRX | +0.020% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.030% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.043% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| ApeX Omni TRXUSDT | +0.049% | +0.0100% | 1h | $115K | $532K | 50x | as long as short |
| SunX TRX-USDT | +0.053% | +0.0100% | 8h | $196K | $891K | 30x | as long as short |
| Hyperliquid TRX | +0.055% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.065% | −0.0044% | 1h | $1.8M | $883K | 25x | as long as short |
| dYdX TRX-USD | +0.072% | +0.0062% | 1h | $186K | $3K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.118% | +0.0424% | 1h | $825K | $373K | 25x | as long as short |