Spread before costs (cost unknown: a leg has no order-book sample)−0.055%
7d average—if it closes, per $10,000$6funding while held, a day+$5.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TRX | 0.3442 | −0.0093 | get 0.0012% / 1h | 41m 02s | $5K | $13K | 10x |
| Short | Orderly PERP_TRX_USDC | 0.3440 | 0.0083 | get 0.0083% / 8h | 5h 41m | $14K | $108K | 20x |
Phoenix TRX
Orderly PERP_TRX_USDCPrice 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
- −$5.52
- Funding while held
- $5.29
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$13.23
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0176%
- Per $10,000 a day
- +$5.29
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Phoenix and Orderly: 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.Injective0.3428cheapestAevo0.3438+0.292%Bybit0.3438+0.298%HTX0.3439+0.310%Aster0.3439+0.315%Extended0.3439+0.319%Reya0.3439+0.321%OKX0.3439+0.327%Lighter0.3439+0.330%KuCoin0.3439+0.333%SoDEX0.3439+0.333%Binance0.3439+0.335%BingX0.3439+0.335%Phemex0.3439+0.335%Variational Omni0.3440+0.338%Backpack0.3440+0.341%Gate0.3440+0.347%BloFin0.3440+0.347%Paradex0.3440+0.347%MEXC0.3440+0.350%ApeX Omni0.3440+0.350%
Injective
Aevo
Bybit
HTX
Aster
Extended
Reya
OKX
Lighter
KuCoin
SoDEX
Binance
BingX
Phemex
Variational Omni
Backpack
Gate
BloFin
Paradex
MEXC
ApeX OmniOrderly0.3440+0.356%
Bitget0.3441+0.365%edgeX0.3441+0.386%GMX0.3442+0.398%gTrade (Gains Network)0.3442+0.401%Kraken Futures0.3442+0.411%Hyperliquid0.3442+0.411%
Bitget
GMX
gTrade (Gains Network)
Kraken Futures
HyperliquidPhoenix0.3442+0.411%
SunX0.3442+0.413%dYdX0.3443+0.444%Deribit0.3444+0.472%
SunX
dYdX
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 | −0.410% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Aevo TRX-PERP | −0.119% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Bybit TRXUSDT | −0.113% | −0.0178% | 8h | $54.6M | $7.6M | 75x | as long as short |
| HTX TRX-USDT | −0.101% | −0.0090% | 8h | $828K | $651K | 75x | as long as short |
| Aster TRXUSDT | −0.096% | −0.0127% | 8h | $912K | $586K | 75x | as long as short |
| Extended TRX-USD | −0.092% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.090% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| OKX TRX-USDT-SWAP | −0.084% | +0.0006% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Lighter TRX | −0.081% | −0.0040% | 1h | $485K | $614K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.078% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX TRX-USD | −0.078% | −0.0062% | 1h | $404 | $5K | 5x | as long as short |
| Binance TRXUSDT | −0.076% | −0.0026% | 8h | $99.2M | $50.8M | 75x | as long as short |
| BingX TRX-USDT | −0.076% | −0.0176% | 8h | — | $35.3M | — | as long as short |
| Phemex TRXUSDT | −0.076% | −0.0012% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Variational Omni TRX | −0.073% | −0.0031% | 8h | $558K | $34K | — | as long as short |
| Backpack TRX_USDC_PERP | −0.070% | −0.0277% | 1h | $60K | $4K | 10x | as long as short |
| Gate TRX_USDT | −0.064% | +0.0048% | 8h | $9.6M | $2.4M | 75x | as long as short |
| BloFin TRX-USDT | −0.064% | +0.0094% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | −0.064% | +0.0010% | 8h | $8K | $333 | 20x | as long as short |
| MEXC TRX_USDT | −0.061% | −0.0025% | 8h | $16.9M | $1.6M | 200x | as long as short |
| ApeX Omni TRXUSDT | −0.061% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| Orderly PERP_TRX_USDCshort | −0.055% | +0.0083% | 8h | $14K | $108K | 20x | |
| Bitget TRXUSDT | −0.046% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| edgeX TRXUSDC | −0.026% | +0.0100% | 4h | $587K | $445K | 20x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.014% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | −0.010% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | 0.000% | −0.0044% | 1h | $1.8M | $883K | 25x | as long as short |
| Hyperliquid TRX | 0.000% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| Phoenix TRXlong | 0.000% | −0.0093% | 1h | $5K | $13K | 10x | |
| SunX TRX-USDT | +0.001% | +0.0100% | 8h | $196K | $887K | 30x | as long as short |
| dYdX TRX-USD | +0.032% | +0.0082% | 1h | $186K | $3K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.060% | +0.0392% | 1h | $824K | $387K | 25x | as long as short |