Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average—if it closes, per $10,000$3funding while held, a day−$2.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3440 | −0.0024 | get 0.0003% / 1h | 36m 26s | $194K | $1.1M | 25x |
| Short | Phoenix TRX | 0.3441 | −0.0093 | pay 0.0012% / 1h | 36m 26s | $5K | $13K | 10x |
Extended TRX-USD
Phoenix TRXPrice 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
- $2.97
- Funding while held
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$11.1
- Spread needed to break even
- 0.120%
Slippage unknown: Extended: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0069%
- Per $10,000 a day
- −$2.07
- 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, 3 min ago | 0.14 bp | 3.5 bp −$4 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Injective0.3428cheapestVariational Omni0.3439+0.311%HTX0.3439+0.317%Aevo0.3439+0.331%edgeX0.3440+0.344%Aster0.3440+0.344%
Injective
Variational Omni
HTX
Aevo
AsterExtended0.3440+0.352%
KuCoin0.3440+0.353%ApeX Omni0.3440+0.356%BloFin0.3440+0.356%Lighter0.3440+0.359%Reya0.3440+0.360%SoDEX0.3440+0.362%Gate0.3441+0.365%MEXC0.3441+0.365%Phemex0.3441+0.365%Paradex0.3441+0.368%Backpack0.3441+0.368%Bybit0.3441+0.370%OKX0.3441+0.376%
KuCoin
ApeX Omni
BloFin
Lighter
Reya
SoDEX
Gate
MEXC
Phemex
Paradex
Backpack
Bybit
OKXPhoenix0.3441+0.382%
BingX0.3441+0.385%dYdX0.3441+0.390%Bitget0.3441+0.391%Binance0.3442+0.398%Orderly0.3442+0.400%Kraken Futures0.3443+0.428%SunX0.3443+0.437%GMX0.3443+0.444%Hyperliquid0.3443+0.446%gTrade (Gains Network)0.3444+0.461%Deribit0.3444+0.477%
BingX
dYdX
Bitget
Binance
Orderly
Kraken Futures
SunX
GMX
Hyperliquid
gTrade (Gains Network)
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 | −0.351% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Variational Omni TRX | −0.041% | −0.0037% | 8h | $558K | $34K | — | as long as short |
| HTX TRX-USDT | −0.036% | −0.0087% | 8h | $828K | $651K | 75x | as long as short |
| Aevo TRX-PERP | −0.022% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| edgeX TRXUSDC | −0.008% | +0.0100% | 4h | $586K | $446K | 20x | as long as short |
| Aster TRXUSDT | −0.008% | −0.0124% | 8h | $913K | $586K | 75x | as long as short |
| Extended TRX-USDlong | 0.000% | −0.0024% | 1h | $194K | $1.1M | 25x | |
| KuCoin TRXUSDTM | +0.001% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| ApeX Omni TRXUSDT | +0.004% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| BloFin TRX-USDT | +0.004% | +0.0094% | 8h | $4.6M | $3.9M | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.006% | −0.0032% | 1h | $485K | $614K | 10x | as long as short |
| Reya TRXRUSDPERP | +0.008% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| SoDEX TRX-USD | +0.009% | −0.0069% | 1h | $402 | $5K | 5x | as long as short |
| Gate TRX_USDT | +0.012% | +0.0047% | 8h | $9.6M | $2.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.012% | −0.0025% | 8h | $17.0M | $1.7M | 200x | as long as short |
| Phemex TRXUSDT | +0.012% | −0.0014% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.015% | +0.0008% | 8h | $8K | $333 | 20x | as long as short |
| Backpack TRX_USDC_PERP | +0.015% | −0.0277% | 1h | $60K | $4K | 10x | as long as short |
| Bybit TRXUSDT | +0.018% | −0.0179% | 8h | $54.6M | $7.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.024% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Phoenix TRXshort | +0.030% | −0.0093% | 1h | $5K | $13K | 10x | |
| BingX TRX-USDT | +0.033% | −0.0177% | 8h | — | $35.3M | — | as long as short |
| dYdX TRX-USD | +0.038% | +0.0087% | 1h | $186K | $3K | 10x | as long as short |
| Bitget TRXUSDT | +0.038% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Binance TRXUSDT | +0.045% | −0.0025% | 8h | $99.3M | $50.7M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.047% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.076% | −0.0044% | 1h | $1.8M | $881K | 25x | as long as short |
| SunX TRX-USDT | +0.084% | +0.0100% | 8h | $196K | $888K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.091% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| Hyperliquid TRX | +0.094% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.109% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.124% | +0.0116% | 1h | $824K | $373K | 25x | as long as short |