Funding you earn now, next payment 23:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.080%
Price spread now: dYdX against Phoenix+0.068%106s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.068% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TRX | 0.3446 | −0.0070 | get 0.0009% / 1h | 55m 42s | $5K | $14K | 10x |
| Short | dYdX TRX-USD | 0.3449 | 0 | get 0.0000% / 1h | 55m 42s | $181K | $10K | 10x |
Phoenix TRX
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Phoenix. 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
- $14.64
- Price spread: +0.068% → 0.000%
- $6.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $4.46
- Costs to cover
- 0.170%
- Break-even
- 4.9 days
Slippage unknown: Phoenix: no order-book sample; dYdX: live order book, 18 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell dYdX live order book, 18 min ago | 64.67 bp | 70.0 bp −$70 | 180.8 bp −$1,808 | 279.6 bp −$28.0K | 756.0 bp −$378.0K |
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 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 | 0.3446 | 0.000% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3447 | +0.032% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRXlong | −0.0070% | 1h | 0.3446 | long leg | $5K | $14K | 10x | |
| Variational Omni TRX | −0.0004% | 8h | 0.3446 | −0.008% | $563K | $36K | — | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3449 | +0.068% | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3449 | +0.067% | $121K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.154% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0041% | 8h | 0.3448 | +0.035% | $15.6M | $8.8M | 50x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3447 | +0.017% | $58K | $4K | 10x | as long as short |
| MEXC TRX_USDT | +0.0045% | 8h | 0.3448 | +0.049% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Variational Omni TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
OKX TRX-USDT-SWAP
Backpack TRX_USDC_PERP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0047% | 8h | 0.3448 | +0.051% | $99.7M | $48.5M | 75x | as long as short |
| Extended TRX-USD | +0.0048% | 1h | 0.3447 | +0.018% | $196K | $1.1M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0079% | 8h | 0.3447 | +0.023% | $9K | $385 | 20x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3446 | −0.016% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3447 | +0.017% | $482K | $628K | 10x | as long as short |
| HTX TRX-USDT | +0.0090% | 8h | 0.3447 | +0.006% | $828K | $734K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3447 | +0.026% | $14K | $107K | 20x | as long as short |
| Aster TRXUSDT | +0.0096% | 8h | 0.3448 | +0.056% | $957K | $660K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3449 | +0.075% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3447 | +0.032% | $54.7M | $8.0M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3448 | +0.044% | $9.6M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3447 | +0.026% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3448 | +0.044% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3445 | −0.027% | $589K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | −0.020% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3447 | +0.029% | $196K | $939K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3448 | +0.044% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3447 | +0.023% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0164% | 8h | 0.3447 | +0.012% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3450 | +0.108% | $2.1M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3448 | +0.046% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0478% | 1h | 0.3451 | +0.137% | $833K | $417K | 25x | as long as short |
Binance TRXUSDT
Extended TRX-USD
Paradex TRX-USD-PERP
Aevo TRX-PERP
Lighter TRX
HTX TRX-USDT
Orderly PERP_TRX_USDC
Aster TRXUSDT
Hyperliquid TRX
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL