Spread before costs (cost unknown: a leg has no order-book sample)−0.055%
7d average—if it closes, per $10,000$6funding while held, a day−$6.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3439 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 56m 12s | $121K | — | 150x |
| Short | Backpack TRX_USDC_PERP | 0.3437 | −0.0216 | pay 0.0027% / 1h | 56m 12s | $60K | $4K | 10x |
gTrade (Gains Network) TRX/USD
Backpack 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
- −$5.52
- Funding while held
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.08
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 19 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0219%
- Per $10,000 a day
- −$6.56
- 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 gTrade (Gains Network) virtual book (oracle venue), 19 min ago | 130.03 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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.Aevo0.3435cheapestHTX0.3436+0.006%Bybit0.3436+0.019%KuCoin0.3436+0.028%Extended0.3436+0.028%Lighter0.3437+0.033%Reya0.3437+0.034%Variational Omni0.3437+0.036%Bitget0.3437+0.036%BingX0.3437+0.042%Aster0.3437+0.045%Paradex0.3437+0.049%
Aevo
HTX
Bybit
KuCoin
Extended
Lighter
Reya
Variational Omni
Bitget
BingX
Aster
ParadexBackpack0.3437+0.051%
edgeX0.3437+0.052%OKX0.3437+0.054%Gate0.3437+0.054%SoDEX0.3437+0.054%Phemex0.3437+0.054%BloFin0.3437+0.057%Orderly0.3437+0.060%Binance0.3438+0.064%MEXC0.3438+0.065%ApeX Omni0.3438+0.071%dYdX0.3438+0.090%GMX0.3439+0.095%Phoenix0.3439+0.100%
OKX
Gate
SoDEX
Phemex
BloFin
Orderly
Binance
MEXC
ApeX Omni
dYdX
GMX
PhoenixgTrade (Gains Network)0.3439+0.106%
Injective0.3439+0.106%Kraken Futures0.3440+0.123%Hyperliquid0.3440+0.124%SunX0.3441+0.155%Deribit0.3441+0.167%
Injective
Kraken Futures
Hyperliquid
SunX
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo TRX-PERP | −0.106% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.101% | −0.0040% | 8h | $827K | $655K | 75x | as long as short |
| Bybit TRXUSDT | −0.087% | −0.0152% | 8h | $54.6M | $7.6M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.079% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Extended TRX-USD | −0.078% | −0.0016% | 1h | $194K | $1.1M | 25x | as long as short |
| Lighter TRX | −0.073% | +0.0016% | 1h | $484K | $614K | 10x | as long as short |
| Reya TRXRUSDPERP | −0.073% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.070% | −0.0063% | 8h | $558K | $34K | — | as long as short |
| Bitget TRXUSDT | −0.070% | +0.0070% | 8h | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | −0.064% | −0.0155% | 8h | — | $6.5M | — | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.061% | −0.0101% | 8h | $913K | $589K | 75x | as long as short |
| Paradex TRX-USD-PERP | −0.058% | +0.0016% | 8h | $8K | $333 | 20x | as long as short |
| Backpack TRX_USDC_PERPshort | −0.055% | −0.0216% | 1h | $60K | $4K | 10x | |
| edgeX TRXUSDC | −0.054% | +0.0100% | 4h | $586K | $445K | 20x | as long as short |
| OKX TRX-USDT-SWAP | −0.052% | +0.0008% | 8h | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | −0.052% | +0.0058% | 8h | $9.6M | $2.4M | 75x | as long as short |
| SoDEX TRX-USD | −0.052% | +0.0030% | 1h | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | −0.052% | +0.0039% | 8h | $3.7M | $1.5M | 50x | as long as short |
| BloFin TRX-USDT | −0.049% | +0.0101% | 8h | $4.7M | $3.9M | 50x | as long as short |
| Orderly PERP_TRX_USDC | −0.047% | +0.0082% | 8h | $14K | $107K | 20x | as long as short |
| Binance TRXUSDT | −0.043% | −0.0019% | 8h | $99.3M | $50.7M | 75x | as long as short |
| MEXC TRX_USDT | −0.041% | −0.0018% | 8h | $17.0M | $1.6M | 200x | as long as short |
| ApeX Omni TRXUSDT | −0.035% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| dYdX TRX-USD | −0.016% | +0.0611% | 1h | $186K | $3K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.011% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| Phoenix TRX | −0.006% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | 0.000% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | |
| Injective TRX/USDC PERP | 0.000% | −0.0135% | 1h | $1K | $52K | 12x | as long as short |
| Kraken Futures PF_TRXUSD | +0.017% | −0.0045% | 1h | $1.8M | $893K | 25x | as long as short |
| Hyperliquid TRX | +0.017% | +0.0100% | 1h | $13.1M | $2.2M | 10x | as long as short |
| SunX TRX-USDT | +0.049% | +0.0100% | 8h | $196K | $899K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.061% | +0.0334% | 1h | $829K | $369K | 25x | as long as short |