data as of
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Price arb /

TRX

all TRX markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$29
spread now−0.062%7d average−0.023%fees + slippage, in and out−$25spread needed0.249%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TRXUSD0.34540.0115pay 0.0014% / 1h46m 49s$1.9M$907K25x
ShortLighter TRX0.34520.0096get 0.0012% / 1h46m 49s$450K$561K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.16
Funding while held
−$0.58
Slippage, 4 orders
−$14.91
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$31.66
Spread needed to break even
0.249%
Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 55 min ago.

Cost of waiting

funding view
Funding /8h
−0.0019%
Per $10,000 a day
−$0.58
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago0.14 bp10.4 bp −$1018.4 bp −$184doesn't fitdoesn't fit
Sell Lighter live order book, 55 min ago0.43 bp4.4 bp −$412.7 bp −$12749.4 bp −$4,941doesn't fit

TRX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.3428cheapestVariational Omni0.3450+0.636%Aster0.3450+0.648%Bitget0.3451+0.656%Aevo0.3451+0.661%SunX0.3451+0.661%ApeX Omni0.3451+0.665%HTX0.3451+0.666%Extended0.3451+0.667%Bybit0.3451+0.671%Reya0.3451+0.674%BingX0.3451+0.677%edgeX0.3452+0.686%MEXC0.3452+0.688%Backpack0.3452+0.694%Binance0.3452+0.698%SoDEX0.3452+0.700%Phemex0.3452+0.700%Gate0.3452+0.703%BloFin0.3452+0.703%OKX0.3452+0.706%Paradex0.3452+0.707%
Lighter0.3452+0.709%
Phoenix0.3452+0.712%Orderly0.3453+0.718%dYdX0.3453+0.729%KuCoin0.3453+0.732%GMX0.3453+0.740%gTrade (Gains Network)0.3454+0.755%Hyperliquid0.3454+0.756%
Kraken Futures0.3454+0.771%
Deribit0.3456+0.812%

TRX on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective TRX/USDC PERP−0.765%+0.0033%1h$1K$70K12xas long as short
Variational Omni TRX−0.134%+0.0071%8h$560K$35K—as long as short
Aster TRXUSDT−0.122%−0.0164%8h$916K$577K75xas long as short
Bitget TRXUSDT−0.114%+0.0100%8h$9.4M$2.1M75xas long as short
Aevo TRX-PERP−0.109%+0.0080%1h$33K—3xas long as short
SunX TRX-USDT−0.109%+0.0100%8h$196K$841K30xas long as short
ApeX Omni TRXUSDT−0.105%+0.0100%1h$115K$548K50xas long as short
HTX TRX-USDT−0.104%+0.0026%8h$837K$625K75xas long as short
Extended TRX-USD−0.103%+0.0008%1h$195K$1.1M25xas long as short
Bybit TRXUSDT−0.099%−0.0063%8h$54.7M$8.0M75xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya TRXRUSDPERP−0.096%−0.0133%1h$5—20xas long as short
BingX TRX-USDC−0.093%+0.0100%8h—$6.5M—as long as short
edgeX TRXUSDC−0.084%+0.0100%4h$589K$452K20xas long as short
MEXC TRX_USDT−0.082%+0.0007%8h$17.5M$1.7M200xas long as short
Backpack TRX_USDC_PERP−0.076%−0.0132%1h$60K$4K10xas long as short
Binance TRXUSDT−0.072%+0.0007%8h$101.0M$51.4M75xas long as short
SoDEX TRX-USD−0.070%−0.0044%1h$409$5K5xas long as short
Phemex TRXUSDT−0.070%+0.0023%8h$3.7M$1.5M50xas long as short
Gate TRX_USDT−0.067%+0.0100%8h$9.7M$2.4M75xas long as short
BloFin TRX-USDT−0.067%+0.0030%8h$4.7M$3.9M50xas long as short
OKX TRX-USDT-SWAP−0.065%+0.0032%8h$15.6M$8.9M50xas long as short
Paradex TRX-USD-PERP−0.063%+0.0090%8h$8K$33320xas long as short
Lighter TRXshort−0.062%+0.0096%1h$450K$561K10x
Phoenix TRX−0.059%−0.0093%1h$5K$13K10xas long as short
Orderly PERP_TRX_USDC−0.053%+0.0082%8h$15K$112K20xas long as short
dYdX TRX-USD−0.041%0.0000%1h$187K$3K10xas long as short
KuCoin TRXUSDTM−0.038%+0.0100%8h$8.6M$3.5M75xas long as short
GMX TRX/USD [ETH-USDC]−0.031%L +0.0341% / S −0.0344%1h$18K—100xas long as short
gTrade (Gains Network) TRX/USD−0.016%L +0.0003% / S −0.0007%1h$122K—150xas long as short
Hyperliquid TRX−0.015%+0.0100%1h$13.2M$2.2M10xas long as short
Kraken Futures PF_TRXUSDlong0.000%+0.0115%1h$1.9M$907K25x
Deribit TRX_USDC-PERPETUAL+0.041%+0.0283%1h$791K$397K25xas long as short