Spread before costs (cost unknown: a leg has no order-book sample)−0.032%
7d average—if it closes, per $10,000$3funding while held, a day−$3.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3452 | 0.0039 | pay 0.0039% / 8h | 20m 18s | $3.7M | $1.5M | 50x |
| Short | Phoenix TRX | 0.3451 | −0.0093 | pay 0.0012% / 1h | 20m 18s | $5K | $5K | 10x |
Phemex TRXUSDT
Phoenix TRXPrice 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
- −$3.94
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$26.13
- Spread needed to break even
- 0.190%
Slippage unknown: Phemex: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0131%
- Per $10,000 a day
- −$3.94
- 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 | 0.58 bp | 6.9 bp −$7 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestedgeX0.3449+0.622%Bybit0.3450+0.642%HTX0.3450+0.642%Variational Omni0.3450+0.648%Aevo0.3450+0.651%SunX0.3450+0.653%
Injective
Bybit
HTX
Variational Omni
Aevo
SunXPhoenix0.3451+0.665%
Extended0.3451+0.667%Reya0.3451+0.670%Bitget0.3451+0.671%Orderly0.3451+0.671%Backpack0.3451+0.680%Paradex0.3451+0.680%Lighter0.3452+0.686%Aster0.3452+0.690%BingX0.3452+0.691%OKX0.3452+0.697%SoDEX0.3452+0.697%
Extended
Reya
Bitget
Orderly
Backpack
Paradex
Lighter
Aster
BingX
OKX
SoDEXPhemex0.3452+0.697%
MEXC0.3452+0.700%Binance0.3452+0.702%Gate0.3452+0.703%BloFin0.3452+0.703%ApeX Omni0.3452+0.706%GMX0.3452+0.714%dYdX0.3453+0.720%gTrade (Gains Network)0.3453+0.726%KuCoin0.3453+0.735%Hyperliquid0.3453+0.744%Kraken Futures0.3454+0.755%Deribit0.3455+0.786%
MEXC
Binance
Gate
BloFin
ApeX Omni
GMX
dYdX
gTrade (Gains Network)
KuCoin
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 | −0.692% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| edgeX TRXUSDC | −0.074% | +0.0100% | 4h | $588K | $451K | 20x | as long as short |
| Bybit TRXUSDT | −0.055% | +0.0055% | 8h | $54.7M | $7.9M | 75x | as long as short |
| HTX TRX-USDT | −0.054% | −0.0290% | 8h | $837K | $631K | 75x | as long as short |
| Variational Omni TRX | −0.049% | +0.0088% | 8h | $560K | $35K | — | as long as short |
| Aevo TRX-PERP | −0.046% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.044% | +0.0100% | 8h | $196K | $829K | 30x | as long as short |
| Phoenix TRXshort | −0.032% | −0.0093% | 1h | $5K | $5K | 10x | |
| Extended TRX-USD | −0.030% | −0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.027% | −0.0133% | 1h | $5 | — | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | −0.026% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Orderly PERP_TRX_USDC | −0.026% | +0.0080% | 8h | $15K | $154K | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.017% | −0.0119% | 1h | $60K | $4K | 10x | as long as short |
| Paradex TRX-USD-PERP | −0.017% | +0.0088% | 8h | $8K | $333 | 20x | as long as short |
| Lighter TRX | −0.012% | +0.0096% | 1h | $452K | $587K | 10x | as long as short |
| Aster TRXUSDT | −0.007% | −0.0192% | 8h | $928K | $557K | 75x | as long as short |
| BingX TRX-USDT | −0.006% | −0.0009% | 8h | — | $35.3M | — | as long as short |
| OKX TRX-USDT-SWAP | 0.000% | +0.0009% | 8h | $15.6M | $8.9M | 50x | as long as short |
| SoDEX TRX-USD | 0.000% | +0.0046% | 1h | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | 0.000% | +0.0039% | 8h | $3.7M | $1.5M | 50x | |
| MEXC TRX_USDT | +0.003% | −0.0005% | 8h | $17.5M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.005% | −0.0004% | 8h | $100.8M | $50.8M | 75x | as long as short |
| Gate TRX_USDT | +0.006% | +0.0031% | 8h | $9.7M | $2.4M | 75x | as long as short |
| BloFin TRX-USDT | +0.006% | +0.0114% | 8h | $4.7M | $3.8M | 50x | as long as short |
| ApeX Omni TRXUSDT | +0.009% | +0.0100% | 1h | $115K | $548K | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.017% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.023% | +0.0095% | 1h | $187K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.029% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.038% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Hyperliquid TRX | +0.046% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.057% | +0.0426% | 1h | $1.9M | $926K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.088% | +0.0161% | 1h | $791K | $397K | 25x | as long as short |