Spread before costs (cost unknown: a leg has no order-book sample)−0.001%
7d average+0.009%if it closes, per $10,000$0funding while held, a day−$2.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3454 | 0.0080 | pay 0.0080% / 8h | 10m 14s | $15K | $148K | 20x |
| Short | Binance TRXUSDT | 0.3454 | 0.0005 | get 0.0005% / 8h | 10m 14s | $101.2M | $51.2M | 75x |
Orderly PERP_TRX_USDC
Binance TRXUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.11
- Funding while held
- −$2.24
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.34
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0075%
- Per $10,000 a day
- −$2.24
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.14 bp | 6.2 bp −$6 | 9.9 bp −$99 | 34.7 bp −$3,470 | doesn't fit |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestHTX0.3452+0.693%SunX0.3452+0.697%Aevo0.3452+0.699%Bitget0.3453+0.723%Backpack0.3453+0.726%Extended0.3453+0.728%Bybit0.3453+0.729%Reya0.3453+0.731%Paradex0.3453+0.734%BingX0.3453+0.735%Variational Omni0.3453+0.739%OKX0.3453+0.744%MEXC0.3454+0.747%SoDEX0.3454+0.747%Phemex0.3454+0.747%
Injective
HTX
SunX
Aevo
Bitget
Backpack
Extended
Bybit
Reya
Paradex
BingX
Variational Omni
OKX
MEXC
SoDEX
PhemexBinance0.3454+0.752%
Lighter0.3454+0.753%
LighterOrderly0.3454+0.753%
Gate0.3454+0.758%GMX0.3455+0.775%KuCoin0.3455+0.782%gTrade (Gains Network)0.3455+0.786%dYdX0.3455+0.787%Hyperliquid0.3455+0.791%Aster0.3455+0.796%BloFin0.3456+0.802%edgeX0.3456+0.803%ApeX Omni0.3456+0.808%Kraken Futures0.3456+0.822%Phoenix0.3456+0.826%Deribit0.3457+0.850%
Gate
GMX
KuCoin
gTrade (Gains Network)
dYdX
Hyperliquid
Aster
BloFin
ApeX Omni
Kraken Futures
Phoenix
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.747% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| HTX TRX-USDT | −0.059% | −0.0278% | 8h | $837K | $624K | 75x | as long as short |
| SunX TRX-USDT | −0.055% | +0.0100% | 8h | $196K | $832K | 30x | as long as short |
| Aevo TRX-PERP | −0.053% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Bitget TRXUSDT | −0.029% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.026% | −0.0104% | 1h | $60K | $4K | 10x | as long as short |
| Extended TRX-USD | −0.025% | +0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Bybit TRXUSDT | −0.023% | +0.0054% | 8h | $54.7M | $8.0M | 75x | as long as short |
| Reya TRXRUSDPERP | −0.021% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Paradex TRX-USD-PERP | −0.018% | +0.0090% | 8h | $8K | $333 | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX TRX-USDT | −0.017% | +0.0001% | 8h | — | $35.3M | — | as long as short |
| Variational Omni TRX | −0.013% | +0.0087% | 8h | $560K | $35K | — | as long as short |
| OKX TRX-USDT-SWAP | −0.009% | +0.0020% | 8h | $15.7M | $8.9M | 50x | as long as short |
| MEXC TRX_USDT | −0.006% | +0.0004% | 8h | $17.5M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | −0.006% | +0.0069% | 1h | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | −0.006% | +0.0045% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Binance TRXUSDTshort | −0.001% | +0.0005% | 8h | $101.2M | $51.2M | 75x | |
| Lighter TRX | 0.000% | +0.0096% | 1h | $452K | $587K | 10x | as long as short |
| Orderly PERP_TRX_USDClong | 0.000% | +0.0080% | 8h | $15K | $148K | 20x | |
| Gate TRX_USDT | +0.006% | +0.0041% | 8h | $9.7M | $2.5M | 75x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.022% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| KuCoin TRXUSDTM | +0.029% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.033% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| dYdX TRX-USD | +0.034% | +0.0075% | 1h | $187K | $3K | 10x | as long as short |
| Hyperliquid TRX | +0.038% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.043% | −0.0170% | 8h | $929K | $557K | 75x | as long as short |
| BloFin TRX-USDT | +0.049% | +0.0018% | 8h | $4.7M | $3.9M | 50x | as long as short |
| edgeX TRXUSDC | +0.050% | +0.0100% | 4h | $589K | $448K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.055% | +0.0100% | 1h | $115K | $548K | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.068% | +0.0426% | 1h | $1.9M | $923K | 25x | as long as short |
| Phoenix TRX | +0.072% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.096% | +0.0227% | 1h | $791K | $397K | 25x | as long as short |