TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.025%

Price spread now: Injective against Phoenix−0.604%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Injective is 0.604% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.604% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 25 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TRX	0.3462	−0.0046	get 0.0006% / 1h	8m 02s	$5K	$14K	10x
Short	Injective TRX/USDC PERP	0.3441	0.0033	get 0.0004% / 1h	8m 02s	$1K	$163K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee InjectivebpOrdersPrice spread, now −0.604%Rate

Funding earned: $16.75
Price spread: −0.604% → 0.000%: −$60.37
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$50.64
Costs to cover: 0.070%
Break-even: 28.2 days

Slippage unknown: Phoenix: no order-book sample; Injective: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Phoenix and Injective: 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	0.3461	−0.032%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0077%	8h	0.3462	−0.003%	$8.7M	$3.5M	75x	as long as short
Phoenix TRXlong	−0.0046%	1h	0.3462	long leg	$5K	$14K	10x
dYdX TRX-USD	0.0000%	1h	0.3462	+0.015%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3461	−0.018%	$122K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0032%	1h	0.3461	−0.035%	$59K	$4K	10x	as long as short
Injective TRX/USDC PERPshort	+0.0033%	1h	0.3441	−0.604%	$1K	$163K	12x
Variational Omni TRX	+0.0066%	8h	0.3462	+0.001%	$565K	$37K	—	as long as short
Extended TRX-USD	+0.0088%	1h	0.3461	−0.023%	$196K	$1.0M	25x	as long as short
MEXC TRX_USDT	+0.0088%	8h	0.3462	−0.003%	$18.6M	$1.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	+0.0089%	8h	0.3462	−0.003%	$101.1M	$48.9M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0092%	8h	0.3461	−0.035%	$15K	$107K	20x	as long as short
Paradex TRX-USD-PERP	+0.0093%	8h	0.3460	−0.043%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3461	−0.020%	$484K	$632K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3464	+0.052%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3461	−0.020%	$956K	$666K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3462	+0.003%	$55.0M	$8.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3462	+0.006%	$15.5M	$8.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3462	+0.003%	$9.7M	$2.6M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3463	+0.038%	$10.4M	$3.0M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3461	−0.014%	—	$32.9M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3461	−0.024%	$591K	$440K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3462	−0.006%	$115K	$566K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3458	−0.124%	$197K	$972K	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3461	−0.020%	$404	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3458	−0.121%	$831K	$777K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3462	−0.006%	$3.9M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3459	−0.094%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0172%	1h	0.3463	+0.042%	$2.3M	$1.5M	25x	as long as short
BloFin TRX-USDT	+0.0208%	8h	0.3461	−0.040%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0367% / S −0.0395%	1h	0.3461	−0.029%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0614%	1h	0.3464	+0.074%	$844K	$425K	25x	as long as short