Spread before costs (cost unknown: a leg has no order-book sample)−0.090%
7d average—if it closes, per $10,000$9funding while held, a day−$7.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3450 | 0.0116 | pay 0.0014% / 1h | 24m 46s | $1.9M | $908K | 25x |
| Short | Backpack TRX_USDC_PERP | 0.3447 | −0.0138 | pay 0.0017% / 1h | 24m 46s | $60K | $4K | 10x |
Kraken Futures PF_TRXUSD
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
- −$9.01
- Funding while held
- −$7.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$36.61
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: live order book, 5 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0253%
- Per $10,000 a day
- −$7.60
- 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 Kraken Futures live order book, 5 min ago | 1.88 bp | 9.3 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| 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.Injective0.3428cheapestHTX0.3445+0.494%Aevo0.3445+0.502%SunX0.3445+0.507%Reya0.3446+0.521%Bitget0.3446+0.522%Phemex0.3446+0.522%Aster0.3446+0.525%Bybit0.3446+0.525%Paradex0.3446+0.535%BingX0.3446+0.537%Orderly0.3446+0.537%Extended0.3446+0.537%
Injective
HTX
Aevo
SunX
Reya
Bitget
Phemex
Aster
Bybit
Paradex
BingX
Orderly
ExtendedBackpack0.3447+0.540%
Variational Omni0.3447+0.541%OKX0.3447+0.543%Lighter0.3447+0.546%SoDEX0.3447+0.546%Gate0.3447+0.551%Binance0.3447+0.553%edgeX0.3447+0.557%MEXC0.3447+0.557%BloFin0.3448+0.572%KuCoin0.3448+0.583%Hyperliquid0.3448+0.589%GMX0.3448+0.590%ApeX Omni0.3449+0.601%Phoenix0.3449+0.601%gTrade (Gains Network)0.3449+0.605%dYdX0.3449+0.609%
Variational Omni
OKX
Lighter
SoDEX
Gate
Binance
MEXC
BloFin
KuCoin
Hyperliquid
GMX
ApeX Omni
Phoenix
gTrade (Gains Network)
dYdXKraken Futures0.3450+0.630%
Deribit0.3451+0.666%
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 | −0.626% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| HTX TRX-USDT | −0.136% | −0.0053% | 8h | $836K | $626K | 75x | as long as short |
| Aevo TRX-PERP | −0.128% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.123% | +0.0100% | 8h | $196K | $851K | 30x | as long as short |
| Reya TRXRUSDPERP | −0.109% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Bitget TRXUSDT | −0.107% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | −0.107% | −0.0024% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Aster TRXUSDT | −0.105% | −0.0166% | 8h | $914K | $581K | 75x | as long as short |
| Bybit TRXUSDT | −0.105% | −0.0066% | 8h | $54.6M | $7.7M | 75x | as long as short |
| Paradex TRX-USD-PERP | −0.095% | +0.0067% | 8h | $8K | $333 | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX TRX-USDT | −0.093% | +0.0100% | 8h | — | $35.3M | — | as long as short |
| Orderly PERP_TRX_USDC | −0.093% | +0.0084% | 8h | $15K | $113K | 20x | as long as short |
| Extended TRX-USD | −0.093% | 0.0000% | 1h | $195K | $1.1M | 25x | as long as short |
| Backpack TRX_USDC_PERPshort | −0.090% | −0.0138% | 1h | $60K | $4K | 10x | |
| Variational Omni TRX | −0.089% | +0.0061% | 8h | $559K | $35K | — | as long as short |
| OKX TRX-USDT-SWAP | −0.087% | +0.0032% | 8h | $15.6M | $8.6M | 50x | as long as short |
| Lighter TRX | −0.084% | +0.0096% | 1h | $449K | $562K | 10x | as long as short |
| SoDEX TRX-USD | −0.084% | −0.0107% | 1h | $406 | $5K | 5x | as long as short |
| Gate TRX_USDT | −0.078% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| Binance TRXUSDT | −0.077% | +0.0003% | 8h | $100.6M | $51.5M | 75x | as long as short |
| edgeX TRXUSDC | −0.073% | +0.0100% | 4h | $588K | $449K | 20x | as long as short |
| MEXC TRX_USDT | −0.073% | +0.0004% | 8h | $17.4M | $1.7M | 200x | as long as short |
| BloFin TRX-USDT | −0.058% | +0.0012% | 8h | $4.6M | $3.9M | 50x | as long as short |
| KuCoin TRXUSDTM | −0.047% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Hyperliquid TRX | −0.041% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.041% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| ApeX Omni TRXUSDT | −0.029% | +0.0100% | 1h | $115K | $553K | 50x | as long as short |
| Phoenix TRX | −0.029% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | −0.025% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| dYdX TRX-USD | −0.022% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSDlong | 0.000% | +0.0116% | 1h | $1.9M | $908K | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.035% | +0.0339% | 1h | $797K | $405K | 25x | as long as short |