Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.028%
Price spread now: BingX against Kraken Futures−0.037%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, 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 | 0.3457 | 0.0172 | pay 0.0022% / 1h | 29m 49s | $2.3M | $1.5M | 25x |
| Short | BingX TRX-USDT | 0.3456 | 0.0100 | get 0.0100% / 8h | 7h 29m | — | $40.2M | — |
Kraken Futures PF_TRXUSD
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$15.19
- Price spread: −0.037% → 0.000%
- −$3.73
- Slippage, 4 orders
- −$12.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.23
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 9 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, 4 min ago | 4.20 bp | 12.0 bp −$12 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 0.44 bp | 5.4 bp −$5 | 5.4 bp −$54 | 10.9 bp −$1,091 | 39.5 bp −$19.8K |
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 | 0.3455 | −0.059% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3455 | −0.069% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3454 | −0.087% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | −0.018% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | −0.021% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.463% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | −0.088% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0054% | 1h | 0.3454 | −0.075% | $58K | $4K | 10x | as long as short |
| Extended TRX-USD | +0.0064% | 1h | 0.3455 | −0.065% | $194K | $1.4M | 25x | as long as short |
| MEXC TRX_USDT | +0.0065% | 8h | 0.3456 | −0.040% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
Backpack TRX_USDC_PERP
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0066% | 8h | 0.3456 | −0.043% | $100.5M | $47.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0070% | 8h | 0.3457 | −0.014% | $15.5M | $8.4M | 50x | as long as short |
| HTX TRX-USDT | +0.0080% | 8h | 0.3452 | −0.133% | $829K | $752K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0088% | 8h | 0.3455 | −0.070% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3455 | −0.060% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3455 | −0.063% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.105% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | +0.009% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | −0.028% | $959K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3456 | −0.029% | $54.9M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3456 | −0.029% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | −0.046% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDTshort | +0.0100% | 8h | 0.3456 | −0.037% | — | $40.2M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3451 | −0.184% | $590K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3451 | −0.162% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3453 | −0.102% | $196K | $939K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3456 | −0.043% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.049% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0172% | 1h | 0.3457 | long leg | $2.3M | $1.5M | 25x | |
| BloFin TRX-USDT | +0.0186% | 8h | 0.3454 | −0.092% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.057% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0473% | 1h | 0.3459 | +0.052% | $835K | $407K | 25x | as long as short |
Binance TRXUSDT
OKX TRX-USDT-SWAP
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL