After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.006%7d average−0.003%fees + slippage, in and out−$18spread needed0.182%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3451 | 0.0065 | pay 0.0065% / 8h | 7h 49m | $3.7M | $1.5M | 50x |
| Short | MEXC TRX_USDT | 0.3452 | 0.0007 | get 0.0007% / 8h | 7h 49m | $17.5M | $1.6M | 200x |
Phemex TRXUSDT
MEXC TRX_USDTPrice 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
- $0.58
- Funding while held
- −$1.74
- Slippage, 4 orders
- −$2.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$19.38
- Spread needed to break even
- 0.182%
Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0058%
- Per $10,000 a day
- −$1.74
- 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 | 0.29 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.14 bp | 2.1 bp −$2 | 4.4 bp −$44 | 26.2 bp −$2,616 | 38.3 bp −$19.2K |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestHTX0.3449+0.622%Aevo0.3450+0.633%SunX0.3450+0.634%Variational Omni0.3450+0.636%Aster0.3450+0.644%BloFin0.3450+0.645%ApeX Omni0.3450+0.648%Bitget0.3451+0.656%edgeX0.3451+0.664%Reya0.3451+0.667%Extended0.3451+0.667%Bybit0.3451+0.671%BingX0.3451+0.671%Backpack0.3451+0.671%Lighter0.3451+0.677%Phoenix0.3451+0.677%SoDEX0.3451+0.680%
Injective
HTX
Aevo
SunX
Variational Omni
Aster
BloFin
ApeX Omni
Bitget
Reya
Extended
Bybit
BingX
Backpack
Lighter
Phoenix
SoDEXPhemex0.3451+0.680%
Binance0.3451+0.682%Paradex0.3451+0.682%Gate0.3452+0.686%
Binance
Paradex
GateMEXC0.3452+0.686%
Orderly0.3452+0.691%OKX0.3452+0.694%KuCoin0.3453+0.715%GMX0.3453+0.721%dYdX0.3453+0.729%gTrade (Gains Network)0.3453+0.735%Hyperliquid0.3454+0.750%Kraken Futures0.3454+0.753%Deribit0.3455+0.783%
Orderly
OKX
KuCoin
GMX
dYdX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
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 | −0.675% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| HTX TRX-USDT | −0.057% | +0.0030% | 8h | $837K | $625K | 75x | as long as short |
| Aevo TRX-PERP | −0.046% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.045% | +0.0100% | 8h | $196K | $843K | 30x | as long as short |
| Variational Omni TRX | −0.044% | +0.0071% | 8h | $560K | $35K | — | as long as short |
| Aster TRXUSDT | −0.035% | −0.0162% | 8h | $916K | $577K | 75x | as long as short |
| BloFin TRX-USDT | −0.035% | +0.0028% | 8h | $4.6M | $3.9M | 50x | as long as short |
| ApeX Omni TRXUSDT | −0.032% | +0.0100% | 1h | $115K | $547K | 50x | as long as short |
| Bitget TRXUSDT | −0.023% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| edgeX TRXUSDC | −0.016% | +0.0100% | 4h | $589K | $451K | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.013% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Extended TRX-USD | −0.013% | +0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Bybit TRXUSDT | −0.009% | −0.0056% | 8h | $54.7M | $8.0M | 75x | as long as short |
| BingX TRX-USDC | −0.009% | +0.0015% | 8h | — | $6.5M | — | as long as short |
| Backpack TRX_USDC_PERP | −0.009% | −0.0145% | 1h | $60K | $4K | 10x | as long as short |
| Lighter TRX | −0.003% | +0.0096% | 1h | $450K | $561K | 10x | as long as short |
| Phoenix TRX | −0.003% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| SoDEX TRX-USD | 0.000% | −0.0084% | 1h | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | 0.000% | +0.0065% | 8h | $3.7M | $1.5M | 50x | |
| Binance TRXUSDT | +0.002% | +0.0007% | 8h | $101.0M | $51.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.002% | +0.0089% | 8h | $8K | $333 | 20x | as long as short |
| Gate TRX_USDT | +0.006% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| MEXC TRX_USDTshort | +0.006% | +0.0007% | 8h | $17.5M | $1.6M | 200x | |
| Orderly PERP_TRX_USDC | +0.012% | +0.0081% | 8h | $15K | $112K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.014% | +0.0031% | 8h | $15.6M | $8.9M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.035% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.041% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.049% | 0.0000% | 1h | $187K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.054% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| Hyperliquid TRX | +0.070% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.073% | +0.0115% | 1h | $1.9M | $907K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.102% | +0.0245% | 1h | $791K | $397K | 25x | as long as short |