After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.032%7d average−0.011%fees + slippage, in and out−$42spread needed0.425%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3454 | 0.0020 | pay 0.0020% / 8h | 49m 59s | $3.7M | $1.5M | 50x |
| Short | KuCoin TRXUSDTM | 0.3455 | 0.0100 | get 0.0100% / 8h | 49m 59s | $8.7M | $3.4M | 75x |
Phemex TRXUSDT
KuCoin TRXUSDTMPrice 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
- $3.19
- Funding while held
- $2.39
- Slippage, 4 orders
- −$18.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$36.92
- Spread needed to break even
- 0.425%
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0080%
- Per $10,000 a day
- +$2.39
- 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, 5 min ago | 0.14 bp | 7.4 bp −$7 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 0.14 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestedgeX0.3445+0.492%Phoenix0.3448+0.598%ApeX Omni0.3450+0.653%SunX0.3451+0.658%Aevo0.3451+0.668%Variational Omni0.3451+0.673%HTX0.3451+0.679%Backpack0.3452+0.700%Extended0.3452+0.701%Aster0.3452+0.701%Reya0.3452+0.710%Paradex0.3452+0.712%MEXC0.3453+0.718%BingX0.3453+0.718%SoDEX0.3453+0.718%Binance0.3453+0.721%Bybit0.3453+0.723%BloFin0.3453+0.726%OKX0.3453+0.729%Gate0.3453+0.729%Orderly0.3453+0.729%Bitget0.3453+0.732%Lighter0.3453+0.735%
Injective
Phoenix
ApeX Omni
SunX
Aevo
Variational Omni
HTX
Backpack
Extended
Aster
Reya
Paradex
MEXC
BingX
SoDEX
Binance
Bybit
BloFin
OKX
Gate
Orderly
Bitget
LighterPhemex0.3454+0.747%
GMX0.3454+0.752%dYdX0.3454+0.763%gTrade (Gains Network)0.3454+0.764%Kraken Futures0.3454+0.772%Hyperliquid0.3455+0.779%
GMX
dYdX
gTrade (Gains Network)
Kraken Futures
HyperliquidKuCoin0.3455+0.779%
Deribit0.3456+0.817%
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 | −0.741% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| edgeX TRXUSDC | −0.253% | +0.0100% | 4h | $588K | $452K | 20x | as long as short |
| Phoenix TRX | −0.148% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| ApeX Omni TRXUSDT | −0.093% | +0.0100% | 1h | $115K | $546K | 50x | as long as short |
| SunX TRX-USDT | −0.088% | +0.0100% | 8h | $196K | $831K | 30x | as long as short |
| Aevo TRX-PERP | −0.078% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Variational Omni TRX | −0.073% | +0.0094% | 8h | $559K | $35K | — | as long as short |
| HTX TRX-USDT | −0.067% | −0.0329% | 8h | $848K | $564K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.046% | −0.0110% | 1h | $60K | $4K | 10x | as long as short |
| Extended TRX-USD | −0.046% | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.045% | −0.0241% | 8h | $945K | $548K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.037% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Paradex TRX-USD-PERP | −0.034% | +0.0088% | 8h | $8K | $333 | 20x | as long as short |
| MEXC TRX_USDT | −0.029% | −0.0017% | 8h | $17.6M | $1.7M | 200x | as long as short |
| BingX TRX-USDC | −0.029% | −0.0016% | 8h | — | $6.5M | — | as long as short |
| SoDEX TRX-USD | −0.029% | −0.0043% | 1h | $407 | $5K | 5x | as long as short |
| Binance TRXUSDT | −0.026% | −0.0018% | 8h | $100.1M | $49.2M | 75x | as long as short |
| Bybit TRXUSDT | −0.023% | +0.0065% | 8h | $54.7M | $7.8M | 75x | as long as short |
| BloFin TRX-USDT | −0.020% | +0.0103% | 8h | $4.7M | $3.8M | 50x | as long as short |
| OKX TRX-USDT-SWAP | −0.017% | −0.0002% | 8h | $15.6M | $9.1M | 50x | as long as short |
| Gate TRX_USDT | −0.017% | +0.0003% | 8h | $9.7M | $2.3M | 75x | as long as short |
| Orderly PERP_TRX_USDC | −0.017% | +0.0077% | 8h | $15K | $204K | 20x | as long as short |
| Bitget TRXUSDT | −0.014% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Lighter TRX | −0.012% | +0.0096% | 1h | $446K | $576K | 10x | as long as short |
| Phemex TRXUSDTlong | 0.000% | +0.0020% | 8h | $3.7M | $1.5M | 50x | |
| GMX TRX/USD [ETH-USDC] | +0.006% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.016% | +0.0207% | 1h | $187K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.017% | L +0.0003% / S −0.0006% | 1h | $122K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.025% | +0.0426% | 1h | $1.9M | $888K | 25x | as long as short |
| Hyperliquid TRX | +0.032% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTMshort | +0.032% | +0.0100% | 8h | $8.7M | $3.4M | 75x | |
| Deribit TRX_USDC-PERPETUAL | +0.070% | +0.0178% | 1h | $796K | $383K | 25x | as long as short |