TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0415%/8h= −45.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.006%

Price spread now: dYdX against Kraken Futures−0.027%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1671.671% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.027%, 7d avg −0.005%

Together, before fees+0.564%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.461%, 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	0.3487	0.0415	pay 0.0052% / 1h	2m 52s	$2.4M	$1.8M	25x
Short	dYdX TRX-USD	0.3486	0	get 0.0000% / 1h	2m 52s	$183K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$87.16
Price spread: −0.027% → −0.005%: −$2.21
Slippage, 4 orders: −$147.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$256.45
Costs to cover: 1.671%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 46 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, 1 min ago	3.87 bp	11.7 bp −$12	22.6 bp −$226	doesn't fit	doesn't fit
Sell dYdX live order book, 46 min ago	60.59 bp	67.3 bp −$67	68.9 bp −$689	87.5 bp −$8,753	514.4 bp −$257.2K

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	0.3485	−0.058%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3489	+0.063%	$5K	$14K	10x	as long as short
dYdX TRX-USDshort	0.0000%	1h	0.3486	−0.027%	$183K	$12K	10x
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3486	−0.040%	$123K	—	150x	as long as short
HTX TRX-USDT	+0.0006%	8h	0.3485	−0.072%	$833K	$932K	75x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.328%	$1K	$163K	12x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3486	−0.029%	—	$32.8M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3486	−0.035%	$487K	$671K	10x	as long as short
Paradex TRX-USD-PERP	+0.0100%	8h	0.3486	−0.050%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3486	−0.038%	$14K	$60K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3489	+0.051%	$13.2M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3485	−0.052%	$966K	$701K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3487	−0.016%	$107.2M	$62.6M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3486	−0.029%	$53.6M	$12.5M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3486	−0.026%	$15.5M	$10.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3486	−0.032%	$9.7M	$3.2M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3486	−0.026%	$18.9M	$2.2M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3487	−0.018%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3485	−0.061%	$9.9M	$4.3M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3486	−0.052%	$62K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3486	−0.041%	$570K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3486	−0.035%	$594K	$473K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3487	−0.018%	$116K	$580K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3485	−0.079%	$198K	$1.3M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3486	−0.026%	$410	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3487	−0.015%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3485	−0.070%	$195K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3485	−0.079%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3486	−0.038%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3486	−0.028%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSDlong	+0.0415%	1h	0.3487	long leg	$2.4M	$1.8M	25x
Deribit TRX_USDC-PERPETUAL	+0.1276%	1h	0.3492	+0.137%	$909K	$680K	25x	as long as short