Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.004%

Price spread now: Kraken Futures against Paradex+0.056%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against Paradex than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRX-USD-PERP	0.3441	0.0050	pay 0.0050% / 8h	1h 47m	$9K	$385	20x
Short	Kraken Futures PF_TRXUSD	0.3443	0.0026	get 0.0003% / 1h	47m 11s	$1.9M	$989K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Kraken FuturesbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$4.98
Price spread: +0.056% → 0.000%: $5.59
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	1.60 bp	9.1 bp −$9	16.8 bp −$168	doesn't fit	doesn't fit

Paradex: 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	0.3441	−0.003%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	+0.008%	$1K	$163K	12x	as long as short
Variational Omni TRX	−0.0085%	8h	0.3439	−0.044%	$563K	$39K	—	as long as short
Bybit TRXUSDT	−0.0079%	8h	0.3440	−0.021%	$54.7M	$8.2M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.037%	$5K	$13K	10x	as long as short
Backpack TRX_USDC_PERP	−0.0033%	1h	0.3441	−0.006%	$58K	$4K	10x	as long as short
KuCoin TRXUSDTM	−0.0023%	8h	0.3441	−0.003%	$8.7M	$3.6M	75x	as long as short
Aster TRXUSDT	−0.0022%	8h	0.3440	−0.015%	$952K	$639K	75x	as long as short
HTX TRX-USDT	−0.0021%	8h	0.3440	−0.030%	$826K	$714K	75x	as long as short
SoDEX TRX-USD	−0.0002%	1h	0.3441	+0.005%	$400	$5K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	0.0000%	1h	0.3441	−0.006%	$482K	$637K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3443	+0.058%	$181K	$10K	10x	as long as short
OKX TRX-USDT-SWAP	+0.0002%	8h	0.3441	+0.002%	$15.6M	$8.8M	50x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3442	+0.043%	$121K	—	150x	as long as short
MEXC TRX_USDT	+0.0006%	8h	0.3441	+0.008%	$18.2M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0006%	8h	0.3441	+0.009%	$99.3M	$48.5M	75x	as long as short
Extended TRX-USD	+0.0008%	1h	0.3440	−0.011%	$196K	$1.1M	25x	as long as short
BloFin TRX-USDT	+0.0026%	8h	0.3440	−0.012%	$4.6M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSDshort	+0.0026%	1h	0.3443	+0.056%	$1.9M	$989K	25x
Paradex TRX-USD-PERPlong	+0.0050%	8h	0.3441	long leg	$9K	$385	20x
Phemex TRXUSDT	+0.0072%	8h	0.3441	+0.005%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3440	−0.034%	$33K	—	3x	as long as short
BingX TRX-USDC	+0.0087%	8h	0.3440	−0.018%	—	$6.5M	—	as long as short
Bitget TRXUSDT	+0.0089%	8h	0.3441	+0.011%	$9.4M	$2.1M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3440	−0.009%	$14K	$107K	20x	as long as short
Gate TRX_USDT	+0.0095%	8h	0.3441	+0.002%	$9.7M	$2.5M	75x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.031%	$13.2M	$2.2M	10x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	−0.010%	$587K	$433K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	−0.021%	$115K	$546K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.061%	$196K	$916K	30x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	+0.038%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0447%	1h	0.3445	+0.121%	$832K	$411K	25x	as long as short