After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.001%7d average+0.052%fees + slippage, in and out−$22spread needed0.216%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3452 | 0.0008 | pay 0.0001% / 1h | 4m 15s | $195K | $1.1M | 25x |
| Short | Phemex TRXUSDT | 0.3452 | 0.0047 | get 0.0047% / 8h | 4m 15s | $3.7M | $1.5M | 50x |
Extended TRX-USD
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
- −$0.06
- Funding while held
- $1.17
- Slippage, 4 orders
- −$4.63
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$20.51
- Spread needed to break even
- 0.216%
Slippage from Extended: live order book, just now; Phemex: live order book, 6 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 Extended live order book, just now | 0.14 bp | 3.5 bp −$4 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 0.14 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestHTX0.3451+0.661%SunX0.3451+0.675%Variational Omni0.3451+0.681%Aevo0.3451+0.684%Bitget0.3452+0.694%Bybit0.3452+0.700%Reya0.3452+0.708%Backpack0.3452+0.709%
Injective
HTX
SunX
Variational Omni
Aevo
Bitget
Bybit
Reya
BackpackPhemex0.3452+0.709%
Extended0.3452+0.709%
SoDEX0.3453+0.718%OKX0.3453+0.721%MEXC0.3453+0.721%Lighter0.3453+0.726%BingX0.3453+0.726%Binance0.3453+0.729%BloFin0.3453+0.732%Paradex0.3453+0.736%Gate0.3453+0.741%edgeX0.3454+0.751%Aster0.3454+0.761%KuCoin0.3454+0.761%Orderly0.3454+0.764%gTrade (Gains Network)0.3454+0.770%Kraken Futures0.3454+0.770%GMX0.3455+0.779%Hyperliquid0.3455+0.782%dYdX0.3455+0.787%ApeX Omni0.3455+0.788%Phoenix0.3456+0.805%Deribit0.3456+0.828%
SoDEX
OKX
MEXC
Lighter
BingX
Binance
BloFin
Paradex
Gate
Aster
KuCoin
Orderly
gTrade (Gains Network)
Kraken Futures
GMX
Hyperliquid
dYdX
ApeX Omni
Phoenix
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 | −0.704% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| HTX TRX-USDT | −0.048% | −0.0268% | 8h | $837K | $623K | 75x | as long as short |
| SunX TRX-USDT | −0.034% | +0.0100% | 8h | $196K | $831K | 30x | as long as short |
| Variational Omni TRX | −0.028% | +0.0083% | 8h | $560K | $35K | — | as long as short |
| Aevo TRX-PERP | −0.025% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Bitget TRXUSDT | −0.015% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Bybit TRXUSDT | −0.009% | +0.0046% | 8h | $54.7M | $8.0M | 75x | as long as short |
| Reya TRXRUSDPERP | −0.001% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.001% | −0.0104% | 1h | $60K | $4K | 10x | as long as short |
| Phemex TRXUSDTshort | −0.001% | +0.0047% | 8h | $3.7M | $1.5M | 50x |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended TRX-USDlong | 0.000% | +0.0008% | 1h | $195K | $1.1M | 25x | |
| SoDEX TRX-USD | +0.008% | +0.0065% | 1h | $405 | $5K | 5x | as long as short |
| OKX TRX-USDT-SWAP | +0.011% | +0.0026% | 8h | $15.6M | $8.9M | 50x | as long as short |
| MEXC TRX_USDT | +0.011% | +0.0009% | 8h | $17.5M | $1.7M | 200x | as long as short |
| Lighter TRX | +0.017% | +0.0096% | 1h | $452K | $587K | 10x | as long as short |
| BingX TRX-USDC | +0.017% | +0.0003% | 8h | — | $6.5M | — | as long as short |
| Binance TRXUSDT | +0.020% | +0.0009% | 8h | $101.1M | $51.1M | 75x | as long as short |
| BloFin TRX-USDT | +0.023% | +0.0036% | 8h | $4.7M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.026% | +0.0091% | 8h | $8K | $333 | 20x | as long as short |
| Gate TRX_USDT | +0.031% | +0.0047% | 8h | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.041% | +0.0100% | 4h | $589K | $450K | 20x | as long as short |
| Aster TRXUSDT | +0.052% | −0.0160% | 8h | $929K | $554K | 75x | as long as short |
| KuCoin TRXUSDTM | +0.052% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.054% | +0.0080% | 8h | $15K | $149K | 20x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.060% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.060% | +0.0426% | 1h | $1.9M | $924K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.069% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Hyperliquid TRX | +0.072% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| dYdX TRX-USD | +0.077% | +0.0067% | 1h | $187K | $3K | 10x | as long as short |
| ApeX Omni TRXUSDT | +0.078% | +0.0100% | 1h | $115K | $549K | 50x | as long as short |
| Phoenix TRX | +0.095% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.118% | +0.0222% | 1h | $791K | $397K | 25x | as long as short |