Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.036%
Price spread now: Backpack against Phemex0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3445 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $3.8M | $1.6M | 50x |
| Short | Backpack TRX_USDC_PERP | 0.3445 | 0.0082 | get 0.0010% / 1h | 57m 20s | $58K | $4K | 10x |
Phemex TRXUSDT
Backpack TRX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phemex. 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
- −$3.78
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$25.78
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 1 min ago; Backpack: no order-book sample. 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 Phemex live order book, 1 min ago | 0.14 bp | 7.7 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 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 | 0.3445 | −0.004% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3445 | −0.003% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | +0.026% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0011% | 8h | 0.3444 | −0.040% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3447 | +0.044% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3447 | +0.043% | $121K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.128% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0039% | 8h | 0.3447 | +0.041% | $15.6M | $8.9M | 50x | as long as short |
| MEXC TRX_USDT | +0.0044% | 8h | 0.3446 | +0.015% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0044% | 8h | 0.3447 | +0.041% | $99.7M | $48.4M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0048% | 1h | 0.3445 | −0.013% | $196K | $1.1M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0078% | 8h | 0.3445 | −0.005% | $9K | $385 | 20x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3445 | −0.006% | $482K | $628K | 10x | as long as short |
| Backpack TRX_USDC_PERPshort | +0.0082% | 1h | 0.3445 | 0.000% | $58K | $4K | 10x | |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3445 | −0.021% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3446 | +0.029% | $14K | $107K | 20x | as long as short |
| Aster TRXUSDT | +0.0094% | 8h | 0.3446 | +0.025% | $956K | $660K | 75x | as long as short |
| HTX TRX-USDT | +0.0098% | 8h | 0.3444 | −0.053% | $827K | $733K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3447 | +0.055% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3446 | +0.017% | $54.7M | $8.0M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3446 | +0.023% | $9.6M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | +0.029% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3446 | +0.017% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3445 | −0.001% | $589K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | +0.006% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | −0.010% | $196K | $937K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3446 | +0.017% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3445 | long leg | $3.8M | $1.6M | 50x | |
| BloFin TRX-USDT | +0.0163% | 8h | 0.3446 | +0.017% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3449 | +0.097% | $2.0M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3446 | +0.017% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0623% | 1h | 0.3450 | +0.126% | $833K | $417K | 25x | as long as short |
Extended TRX-USD
Paradex TRX-USD-PERP
Lighter TRX
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Aster TRXUSDT
HTX TRX-USDT
Hyperliquid TRX
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL