Funding you earn now, next payment 08:00 UTC+0.0190%/8h= +20.8% APRnext payment +$1.90 per $10,000 · paid last 24h +0.025%
Price spread now: Phemex against KuCoin+0.029%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.029%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3446 | −0.0090 | get 0.0090% / 8h | 7h 49m | $8.7M | $3.6M | 75x |
| Short | Phemex TRXUSDT | 0.3447 | 0.0100 | get 0.0100% / 8h | 7h 49m | $3.8M | $1.6M | 50x |
KuCoin TRXUSDTM
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- $39.9
- Price spread: +0.029% → +0.009%
- $1.95
- Slippage, 4 orders
- −$19.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.88
- Costs to cover
- 0.437%
- Break-even
- 7.3 days
Slippage from KuCoin: live order book, 8 min ago; Phemex: live order book, 4 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 KuCoin live order book, 8 min ago | 0.14 bp | 15.5 bp −$15 | 115.7 bp −$1,157 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 0.14 bp | 7.8 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
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 | 0.3446 | +0.001% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTMlong | −0.0090% | 8h | 0.3446 | long leg | $8.7M | $3.6M | 75x | |
| Phoenix TRX | −0.0046% | 1h | 0.3447 | +0.044% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0001% | 8h | 0.3446 | +0.002% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3449 | +0.080% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3448 | +0.055% | $121K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0017% | 1h | 0.3446 | +0.003% | $58K | $4K | 10x | as long as short |
| Gate TRX_USDT | +0.0024% | 8h | 0.3447 | +0.023% | $9.6M | $2.4M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.142% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0044% | 8h | 0.3447 | +0.020% | $15.6M | $8.7M | 50x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Gate TRX_USDT
Injective TRX/USDC PERP
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0048% | 1h | 0.3446 | −0.004% | $193K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0049% | 8h | 0.3447 | +0.017% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0049% | 8h | 0.3447 | +0.026% | $99.9M | $48.3M | 75x | as long as short |
| SoDEX TRX-USD | +0.0062% | 1h | 0.3447 | +0.017% | $400 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0072% | 8h | 0.3445 | −0.013% | $828K | $735K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0081% | 8h | 0.3446 | +0.012% | $9K | $385 | 20x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3446 | +0.006% | $482K | $628K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3447 | +0.020% | $14K | $107K | 20x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3444 | −0.041% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3448 | +0.070% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3447 | +0.039% | $956K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3447 | +0.032% | $54.7M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | +0.015% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3447 | +0.023% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3447 | +0.034% | $589K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3448 | +0.052% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3446 | −0.006% | $196K | $941K | 30x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3447 | +0.029% | $3.8M | $1.6M | 50x | |
| BloFin TRX-USDT | +0.0169% | 8h | 0.3447 | +0.038% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3449 | +0.094% | $2.1M | $1.3M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3447 | +0.033% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0611% | 1h | 0.3451 | +0.135% | $833K | $417K | 25x | as long as short |
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
SoDEX TRX-USD
HTX TRX-USDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL