Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$6.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRX-USD-PERP | 0.3447 | 0.0075 | pay 0.0075% / 8h | 7h 27m | $8K | $333 | 20x |
| Short | Backpack TRX_USDC_PERP | 0.3447 | −0.0135 | pay 0.0017% / 1h | 27m 48s | $60K | $4K | 10x |
Paradex TRX-USD-PERP
Backpack TRX_USDC_PERPPrice 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
- −$0.81
- Funding while held
- −$6.31
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$21.12
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0210%
- Per $10,000 a day
- −$6.31
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Paradex and Backpack: 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.Injective0.3428cheapestAevo0.3446+0.511%SunX0.3446+0.514%Variational Omni0.3446+0.516%Bitget0.3446+0.534%HTX0.3446+0.536%Reya0.3447+0.549%Extended0.3447+0.551%
Injective
Aevo
SunX
Variational Omni
Bitget
HTX
Reya
ExtendedBackpack0.3447+0.557%
SoDEX0.3447+0.557%Binance0.3447+0.558%Bybit0.3447+0.560%OKX0.3447+0.560%MEXC0.3447+0.563%BingX0.3447+0.563%
SoDEX
Binance
Bybit
OKX
MEXC
BingXParadex0.3447+0.565%
edgeX0.3447+0.566%Lighter0.3447+0.566%Aster0.3448+0.572%Phemex0.3448+0.572%Gate0.3448+0.575%Orderly0.3448+0.575%BloFin0.3448+0.586%Phoenix0.3448+0.589%KuCoin0.3448+0.598%ApeX Omni0.3449+0.601%dYdX0.3449+0.609%Hyperliquid0.3449+0.613%gTrade (Gains Network)0.3449+0.626%GMX0.3450+0.627%Kraken Futures0.3450+0.646%Deribit0.3451+0.670%
Lighter
Aster
Phemex
Gate
Orderly
BloFin
Phoenix
KuCoin
ApeX Omni
dYdX
Hyperliquid
gTrade (Gains Network)
GMX
Kraken Futures
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 | −0.562% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| Aevo TRX-PERP | −0.055% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.051% | +0.0100% | 8h | $196K | $850K | 30x | as long as short |
| Variational Omni TRX | −0.049% | +0.0063% | 8h | $559K | $35K | — | as long as short |
| Bitget TRXUSDT | −0.031% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| HTX TRX-USDT | −0.029% | −0.0034% | 8h | $836K | $626K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.016% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Extended TRX-USD | −0.015% | +0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Backpack TRX_USDC_PERPshort | −0.008% | −0.0135% | 1h | $60K | $4K | 10x | |
| SoDEX TRX-USD | −0.008% | −0.0092% | 1h | $405 | $5K | 5x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.007% | +0.0005% | 8h | $100.7M | $51.5M | 75x | as long as short |
| Bybit TRXUSDT | −0.005% | −0.0044% | 8h | $54.7M | $7.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.005% | +0.0033% | 8h | $15.6M | $8.6M | 50x | as long as short |
| MEXC TRX_USDT | −0.002% | +0.0005% | 8h | $17.4M | $1.7M | 200x | as long as short |
| BingX TRX-USDT | −0.002% | +0.0100% | 8h | — | $35.3M | — | as long as short |
| Paradex TRX-USD-PERPlong | 0.000% | +0.0075% | 8h | $8K | $333 | 20x | |
| edgeX TRXUSDC | +0.001% | +0.0100% | 4h | $588K | $453K | 20x | as long as short |
| Lighter TRX | +0.001% | +0.0096% | 1h | $449K | $562K | 10x | as long as short |
| Aster TRXUSDT | +0.006% | −0.0165% | 8h | $914K | $581K | 75x | as long as short |
| Phemex TRXUSDT | +0.006% | +0.0005% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Gate TRX_USDT | +0.009% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.009% | +0.0084% | 8h | $15K | $113K | 20x | as long as short |
| BloFin TRX-USDT | +0.021% | +0.0022% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Phoenix TRX | +0.024% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.032% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| ApeX Omni TRXUSDT | +0.035% | +0.0100% | 1h | $115K | $553K | 50x | as long as short |
| dYdX TRX-USD | +0.043% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| Hyperliquid TRX | +0.047% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.060% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.062% | L +0.0339% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.080% | +0.0116% | 1h | $1.9M | $907K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.104% | +0.0231% | 1h | $797K | $405K | 25x | as long as short |