Funding you earn now, next payment 01:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.032%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.056%52s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2912.909% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.056%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.052% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3462 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 1m 24s | $122K | — | 150x |
| Short | Kraken Futures PF_TRXUSD | 0.3464 | 0.0172 | get 0.0021% / 1h | 1m 24s | $2.3M | $1.5M | 25x |
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against gTrade (Gains Network). 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
- $35.46
- Price spread: +0.056% → +0.003%
- $5.23
- Slippage, 4 orders
- −$270.93
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$250.23
- Costs to cover
- 2.909%
- Break-even
- 56.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 8 min ago; Kraken Futures: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 8 min ago | 130.01 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Kraken Futures live order book, 2 min ago | 4.33 bp | 9.3 bp −$9 | 19.7 bp −$197 | doesn't fit | doesn't fit |
TRX on 32 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3461 | −0.022% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0068% | 8h | 0.3462 | +0.006% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | +0.038% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.023% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3462 | long leg | $122K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.595% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3461 | −0.020% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0073% | 8h | 0.3461 | −0.021% | $565K | $37K | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | −0.025% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3461 | −0.009% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0094% | 8h | 0.3461 | −0.020% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0096% | 8h | 0.3461 | −0.020% | $101.4M | $48.9M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3461 | −0.005% | $484K | $635K | 10x | as long as short |
| Extended TRX-USD | +0.0096% | 1h | 0.3461 | −0.027% | $196K | $1.0M | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3463 | +0.044% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3461 | −0.017% | $956K | $667K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3461 | −0.017% | $55.0M | $8.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3461 | −0.025% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3461 | −0.014% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3462 | +0.012% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.005% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3460 | −0.049% | $590K | $442K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3461 | −0.011% | $115K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.097% | $197K | $977K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.001% | $405 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3460 | −0.051% | $831K | $778K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3461 | −0.017% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3459 | −0.063% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0172% | 1h | 0.3464 | +0.056% | $2.3M | $1.5M | 25x | |
| BloFin TRX-USDT | +0.0214% | 8h | 0.3460 | −0.046% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3461 | −0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0567% | 1h | 0.3465 | +0.105% | $844K | $425K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL