Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: Paradex against Phemex−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.023% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3483 | 0.0100 | pay 0.0100% / 8h | 11m 05s | $3.9M | $2.0M | 50x |
| Short | Paradex TRX-USD-PERP | 0.3482 | 0.0087 | get 0.0087% / 8h | 11m 05s | $9K | $251 | 20x |
Phemex TRXUSDT
Paradex TRX-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$2.67
- Price spread: −0.023% → 0.000%
- −$2.32
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$20.98
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Paradex: 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, 3 min ago | 0.14 bp | 7.5 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | 0.3481 | −0.034% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0086% | 8h | 0.3482 | −0.026% | $835K | $958K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3482 | −0.011% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3484 | +0.027% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3484 | +0.026% | $126K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0020% | 1h | 0.3482 | −0.017% | $62K | $5K | 10x | as long as short |
| SoDEX TRX-USD | +0.0024% | 1h | 0.3482 | −0.009% | $408 | $5K | 5x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.195% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3482 | −0.020% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERPshort | +0.0087% | 8h | 0.3482 | −0.023% | $9K | $251 | 20x |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
SoDEX TRX-USD
Injective TRX/USDC PERP
BingX TRX-USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3482 | −0.011% | $487K | $674K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | −0.014% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | +0.101% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.070% | $972K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | −0.004% | $107.0M | $64.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | −0.017% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | −0.006% | $15.7M | $10.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3483 | +0.011% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3483 | 0.000% | $19.1M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3484 | +0.040% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.034% | $9.8M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.076% | $569K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3481 | −0.053% | $594K | $511K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | +0.006% | $116K | $605K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.065% | $198K | $1.4M | 30x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3483 | long leg | $3.9M | $2.0M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.046% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3481 | −0.043% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | −0.009% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3484 | +0.027% | $2.3M | $1.9M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3483 | +0.025% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0456% | 1h | 0.3486 | +0.098% | $850K | $764K | 25x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL