Funding you earn now, next payment 11:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.030%
Price spread now: ApeX Omni against Kraken Futures+0.085%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days+0.289%+$29 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.085%, 7d avg −0.020%
=The price spread pays, funding is against you. ApeX Omni is 0.105% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.020%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.289%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3463 | 0.0270 | pay 0.0034% / 1h | 4m 52s | $2.3M | $1.8M | 25x |
| Short | ApeX Omni TRXUSDT | 0.3466 | 0.0100 | get 0.0013% / 1h | 4m 52s | $116K | $617K | 50x |
Kraken Futures PF_TRXUSD
ApeX Omni TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$35.67
- Price spread: +0.085% → −0.020%
- $10.46
- Slippage, 4 orders
- −$25.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$70.68
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 41 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 Kraken Futures live order book, 2 min ago | 0.14 bp | 9.7 bp −$10 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 4.61 bp | 11.8 bp −$12 | 93.1 bp −$931 | doesn't fit | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0359% | 8h | 0.3463 | +0.003% | $975K | $993K | 75x | as long as short |
| HTX TRX-USDT | −0.0175% | 8h | 0.3462 | −0.046% | $829K | $886K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3461 | −0.059% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3462 | −0.028% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3464 | +0.027% | $5K | $14K | 10x | as long as short |
| Bybit TRXUSDT | −0.0032% | 8h | 0.3462 | −0.033% | $53.3M | $13.8M | 75x | as long as short |
| BingX TRX-USDT | −0.0019% | 8h | 0.3463 | −0.016% | — | $32.5M | — | as long as short |
| SoDEX TRX-USD | −0.0014% | 1h | 0.3463 | −0.019% | $404 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3464 | +0.021% | $136K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.640% | $1K | $163K | 12x | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
Bybit TRXUSDT
BingX TRX-USDT
SoDEX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | +0.0040% | 1h | 0.3464 | +0.032% | $182K | $10K | 10x | as long as short |
| Bitget TRXUSDT | +0.0042% | 8h | 0.3462 | −0.042% | $9.7M | $4.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0072% | 8h | 0.3462 | −0.023% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3463 | −0.013% | $483K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3463 | +0.001% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.099% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3463 | +0.007% | $105.2M | $66.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3463 | −0.002% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | −0.010% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3463 | +0.001% | $18.4M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3463 | +0.001% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3460 | −0.103% | $567K | $48K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.009% | $591K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDTshort | +0.0100% | 1h | 0.3466 | +0.085% | $116K | $617K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.054% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | −0.013% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3461 | −0.053% | $215K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3461 | −0.076% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3463 | +0.007% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0270% | 1h | 0.3463 | long leg | $2.3M | $1.8M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0345% | 1h | 0.3466 | +0.077% | $788K | $713K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3464 | +0.031% | $20K | — | 100x | as long as short |
dYdX TRX-USD
Bitget TRXUSDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]