After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.074%7d average+0.015%fees + slippage, in and out−$33spread needed0.327%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3442 | −0.0046 | get 0.0046% / 8h | 6h 12m | $3.7M | $1.5M | 50x |
| Short | Kraken Futures PF_TRXUSD | 0.3445 | −0.0158 | pay 0.0020% / 1h | 12m 06s | $1.8M | $892K | 25x |
Phemex TRXUSDT
Kraken Futures PF_TRXUSDPrice 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
- $7.39
- Funding while held
- −$3.36
- Slippage, 4 orders
- −$10.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$28.69
- Spread needed to break even
- 0.327%
Slippage from Phemex: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0112%
- Per $10,000 a day
- −$3.36
- 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, 3 min ago | 0.14 bp | 8.3 bp −$8 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.73 bp | 10.2 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestApeX Omni0.3439+0.335%Variational Omni0.3440+0.344%Aevo0.3441+0.373%Bybit0.3441+0.379%HTX0.3441+0.382%edgeX0.3441+0.383%BingX0.3442+0.397%Phoenix0.3442+0.403%Extended0.3442+0.406%Bitget0.3442+0.408%BloFin0.3442+0.408%Aster0.3442+0.409%Reya0.3442+0.413%Lighter0.3442+0.414%
Injective
ApeX Omni
Variational Omni
Aevo
Bybit
HTX
BingX
Phoenix
Extended
Bitget
BloFin
Aster
Reya
LighterPhemex0.3442+0.414%
OKX0.3442+0.417%SoDEX0.3442+0.417%Gate0.3442+0.420%Binance0.3442+0.421%Orderly0.3443+0.423%MEXC0.3443+0.426%Backpack0.3443+0.429%Paradex0.3443+0.435%KuCoin0.3443+0.446%dYdX0.3443+0.447%Hyperliquid0.3444+0.468%GMX0.3444+0.477%gTrade (Gains Network)0.3444+0.480%
OKX
SoDEX
Gate
Binance
Orderly
MEXC
Backpack
Paradex
KuCoin
dYdX
Hyperliquid
GMX
gTrade (Gains Network)Kraken Futures0.3445+0.488%
SunX0.3445+0.504%Deribit0.3446+0.532%
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 | −0.413% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| ApeX Omni TRXUSDT | −0.078% | +0.0100% | 1h | $115K | $534K | 50x | as long as short |
| Variational Omni TRX | −0.070% | −0.0007% | 8h | $558K | $35K | — | as long as short |
| Aevo TRX-PERP | −0.041% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Bybit TRXUSDT | −0.035% | −0.0171% | 8h | $54.6M | $7.6M | 75x | as long as short |
| HTX TRX-USDT | −0.033% | −0.0110% | 8h | $828K | $647K | 75x | as long as short |
| edgeX TRXUSDC | −0.031% | +0.0100% | 4h | $587K | $447K | 20x | as long as short |
| BingX TRX-USDC | −0.017% | −0.0170% | 8h | — | $6.5M | — | as long as short |
| Phoenix TRX | −0.012% | −0.0116% | 1h | $5K | $13K | 10x | as long as short |
| Extended TRX-USD | −0.008% | −0.0016% | 1h | $194K | $1.1M | 25x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | −0.006% | +0.0100% | 8h | $9.4M | $2.0M | 75x | as long as short |
| BloFin TRX-USDT | −0.006% | +0.0100% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Aster TRXUSDT | −0.005% | −0.0136% | 8h | $914K | $584K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.001% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Lighter TRX | 0.000% | +0.0088% | 1h | $460K | $586K | 10x | as long as short |
| Phemex TRXUSDTlong | 0.000% | −0.0046% | 8h | $3.7M | $1.5M | 50x | |
| OKX TRX-USDT-SWAP | +0.003% | +0.0009% | 8h | $15.5M | $8.7M | 50x | as long as short |
| SoDEX TRX-USD | +0.003% | −0.0153% | 1h | $401 | $5K | 5x | as long as short |
| Gate TRX_USDT | +0.006% | +0.0064% | 8h | $9.6M | $2.4M | 75x | as long as short |
| Binance TRXUSDT | +0.007% | −0.0020% | 8h | $100.0M | $49.9M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.009% | +0.0082% | 8h | $15K | $110K | 20x | as long as short |
| MEXC TRX_USDT | +0.012% | −0.0019% | 8h | $17.0M | $1.7M | 200x | as long as short |
| Backpack TRX_USDC_PERP | +0.015% | −0.0096% | 1h | $60K | $4K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.020% | +0.0038% | 8h | $8K | $333 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.032% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| dYdX TRX-USD | +0.032% | +0.0234% | 1h | $186K | $3K | 10x | as long as short |
| Hyperliquid TRX | +0.053% | +0.0100% | 1h | $13.1M | $2.1M | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.062% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.066% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.074% | −0.0158% | 1h | $1.8M | $892K | 25x | |
| SunX TRX-USDT | +0.089% | +0.0100% | 8h | $196K | $864K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.117% | +0.0209% | 1h | $825K | $410K | 25x | as long as short |