After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.017%7d average+0.016%fees + slippage, in and out−$26spread needed0.263%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3441 | −0.0019 | get 0.0019% / 8h | 5h 44m | $3.7M | $1.5M | 50x |
| Short | Aster TRXUSDT | 0.3441 | −0.0128 | pay 0.0128% / 8h | 5h 44m | $913K | $586K | 75x |
Phemex TRXUSDT
Aster 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
- −$1.74
- Funding while held
- −$3.28
- Slippage, 4 orders
- −$6.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$31.31
- Spread needed to break even
- 0.263%
Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0109%
- Per $10,000 a day
- −$3.28
- 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 Phemex live order book, 6 min ago | 0.14 bp | 7.1 bp −$7 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Aster live order book, 60 min ago | 0.14 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestVariational Omni0.3440+0.338%Aevo0.3440+0.342%Bybit0.3440+0.344%HTX0.3440+0.356%
Injective
Variational Omni
Aevo
Bybit
HTXAster0.3441+0.365%
Reya0.3441+0.366%Extended0.3441+0.368%Lighter0.3441+0.370%Bitget0.3441+0.370%BloFin0.3441+0.370%Paradex0.3441+0.374%edgeX0.3441+0.374%OKX0.3441+0.376%BingX0.3441+0.376%SoDEX0.3441+0.376%Gate0.3441+0.382%KuCoin0.3441+0.382%Backpack0.3441+0.382%
Reya
Extended
Lighter
Bitget
BloFin
Paradex
OKX
BingX
SoDEX
Gate
KuCoin
BackpackPhemex0.3441+0.382%
Binance0.3441+0.384%MEXC0.3441+0.385%Orderly0.3441+0.385%ApeX Omni0.3441+0.391%Phoenix0.3442+0.394%GMX0.3443+0.432%gTrade (Gains Network)0.3443+0.441%dYdX0.3443+0.444%Kraken Futures0.3444+0.455%Hyperliquid0.3444+0.461%SunX0.3444+0.462%Deribit0.3445+0.494%
Binance
MEXC
Orderly
ApeX Omni
Phoenix
GMX
gTrade (Gains Network)
dYdX
Kraken Futures
Hyperliquid
SunX
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 | −0.381% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Variational Omni TRX | −0.044% | −0.0031% | 8h | $558K | $34K | — | as long as short |
| Aevo TRX-PERP | −0.040% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Bybit TRXUSDT | −0.038% | −0.0176% | 8h | $54.6M | $7.6M | 75x | as long as short |
| HTX TRX-USDT | −0.026% | −0.0093% | 8h | $828K | $650K | 75x | as long as short |
| Aster TRXUSDTshort | −0.017% | −0.0128% | 8h | $913K | $586K | 75x | |
| Reya TRXRUSDPERP | −0.016% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Extended TRX-USD | −0.014% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Lighter TRX | −0.012% | −0.0040% | 1h | $485K | $614K | 10x | as long as short |
| Bitget TRXUSDT | −0.012% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin TRX-USDT | −0.012% | +0.0093% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | −0.008% | +0.0009% | 8h | $8K | $333 | 20x | as long as short |
| edgeX TRXUSDC | −0.008% | +0.0100% | 4h | $586K | $447K | 20x | as long as short |
| OKX TRX-USDT-SWAP | −0.006% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| BingX TRX-USDT | −0.006% | −0.0173% | 8h | — | $35.3M | — | as long as short |
| SoDEX TRX-USD | −0.006% | −0.0065% | 1h | $404 | $5K | 5x | as long as short |
| Gate TRX_USDT | 0.000% | +0.0047% | 8h | $9.6M | $2.4M | 75x | as long as short |
| KuCoin TRXUSDTM | 0.000% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | 0.000% | −0.0287% | 1h | $60K | $4K | 10x | as long as short |
| Phemex TRXUSDTlong | 0.000% | −0.0019% | 8h | $3.7M | $1.5M | 50x | |
| Binance TRXUSDT | +0.002% | −0.0027% | 8h | $99.3M | $50.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.003% | −0.0026% | 8h | $16.9M | $1.6M | 200x | as long as short |
| Orderly PERP_TRX_USDC | +0.003% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.009% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| Phoenix TRX | +0.012% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.049% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.058% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| dYdX TRX-USD | +0.061% | +0.0057% | 1h | $186K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.073% | −0.0044% | 1h | $1.8M | $882K | 25x | as long as short |
| Hyperliquid TRX | +0.078% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| SunX TRX-USDT | +0.080% | +0.0100% | 8h | $196K | $887K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.111% | +0.0174% | 1h | $825K | $397K | 25x | as long as short |