Funding you earn now, next payment 03:00 UTC−0.0486%/8h= −53.2% APRnext payment −$0.61 per $10,000 · paid last 24h −0.045%
Price spread now: SoDEX against Kraken Futures−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRXUSD | 0.3474 | 0.0586 | pay 0.0073% / 1h | 4m 06s | $2.4M | $1.7M | 25x |
| Short | SoDEX TRX-USD | 0.3474 | 0.0100 | get 0.0013% / 1h | 4m 06s | $409 | $5K | 5x |
Kraken Futures PF_TRXUSD
SoDEX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$102
- Price spread: −0.018% → 0.000%
- −$1.78
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$121.78
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
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 | 4.03 bp | 11.0 bp −$11 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 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 | 0.3473 | −0.033% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3473 | −0.029% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3473 | −0.044% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3474 | −0.006% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.959% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3473 | −0.026% | — | $6.5M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0084% | 1h | 0.3473 | −0.029% | $62K | $4K | 10x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3474 | −0.009% | $485K | $665K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3473 | −0.035% | $15K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3474 | −0.019% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Backpack TRX_USDC_PERP
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3476 | +0.056% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3474 | −0.001% | $962K | $692K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3474 | +0.002% | $105.1M | $58.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3474 | −0.009% | $53.8M | $11.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3473 | −0.026% | $15.5M | $9.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3474 | −0.021% | $9.6M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3474 | −0.003% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3474 | −0.006% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3474 | −0.015% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3471 | −0.101% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3473 | −0.045% | $592K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3473 | −0.026% | $116K | $560K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.034% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USDshort | +0.0100% | 1h | 0.3474 | −0.018% | $409 | $5K | 5x | |
| HTX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.055% | $834K | $838K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3474 | −0.009% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.044% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3472 | −0.072% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3473 | −0.026% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3474 | 0.000% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSDlong | +0.0586% | 1h | 0.3474 | long leg | $2.4M | $1.7M | 25x | |
| Deribit TRX_USDC-PERPETUAL | +0.0634% | 1h | 0.3477 | +0.086% | $844K | $502K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL