Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average—if it closes, per $10,000$3funding while held, a day+$0.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TRXRUSDPERP | 0.3439 | −0.0133 | get 0.0017% / 1h | 35m 06s | $5 | — | 20x |
| Short | Backpack TRX_USDC_PERP | 0.3439 | −0.0128 | pay 0.0016% / 1h | 35m 06s | $60K | $4K | 10x |
Reya TRXRUSDPERP
Backpack TRX_USDC_PERPPrice 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
- $2.77
- Funding while held
- $0.16
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$13.07
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0005%
- Per $10,000 a day
- +$0.16
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Reya and Backpack: 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.Injective0.3428cheapestVariational Omni0.3438+0.285%Bybit0.3438+0.292%BingX0.3438+0.298%Extended0.3438+0.301%HTX0.3438+0.303%
Injective
Variational Omni
Bybit
BingX
Extended
HTXReya0.3439+0.308%
Aster0.3439+0.312%OKX0.3439+0.312%Bitget0.3439+0.312%MEXC0.3439+0.327%SoDEX0.3439+0.327%Gate0.3439+0.330%Phemex0.3439+0.330%Lighter0.3439+0.335%
Aster
OKX
Bitget
MEXC
SoDEX
Gate
Phemex
LighterBackpack0.3439+0.335%
edgeX0.3440+0.336%Binance0.3440+0.336%Paradex0.3440+0.338%Orderly0.3440+0.341%Phoenix0.3440+0.347%KuCoin0.3440+0.356%BloFin0.3440+0.356%SunX0.3441+0.376%Hyperliquid0.3441+0.382%dYdX0.3441+0.388%GMX0.3441+0.390%ApeX Omni0.3441+0.391%gTrade (Gains Network)0.3441+0.392%Aevo0.3442+0.400%Kraken Futures0.3442+0.412%Deribit0.3443+0.441%
Binance
Paradex
Orderly
Phoenix
KuCoin
BloFin
SunX
Hyperliquid
dYdX
GMX
ApeX Omni
gTrade (Gains Network)
Aevo
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 | −0.307% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Variational Omni TRX | −0.023% | +0.0009% | 8h | $558K | $35K | — | as long as short |
| Bybit TRXUSDT | −0.016% | −0.0192% | 8h | $54.6M | $7.6M | 75x | as long as short |
| BingX TRX-USDC | −0.010% | −0.0160% | 8h | — | $6.5M | — | as long as short |
| Extended TRX-USD | −0.006% | −0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| HTX TRX-USDT | −0.005% | −0.0081% | 8h | $834K | $633K | 75x | as long as short |
| Reya TRXRUSDPERPlong | 0.000% | −0.0133% | 1h | $5 | — | 20x | |
| Aster TRXUSDT | +0.004% | −0.0146% | 8h | $913K | $583K | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.004% | +0.0018% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Bitget TRXUSDT | +0.004% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.019% | −0.0010% | 8h | $17.0M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.019% | −0.0143% | 1h | $404 | $5K | 5x | as long as short |
| Gate TRX_USDT | +0.022% | +0.0098% | 8h | $9.6M | $2.4M | 75x | as long as short |
| Phemex TRXUSDT | +0.022% | −0.0023% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Lighter TRX | +0.028% | +0.0072% | 1h | $445K | $565K | 10x | as long as short |
| Backpack TRX_USDC_PERPshort | +0.028% | −0.0128% | 1h | $60K | $4K | 10x | |
| edgeX TRXUSDC | +0.028% | +0.0100% | 4h | $587K | $448K | 20x | as long as short |
| Binance TRXUSDT | +0.028% | −0.0011% | 8h | $100.0M | $50.2M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.030% | +0.0040% | 8h | $8K | $333 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.033% | +0.0083% | 8h | $15K | $110K | 20x | as long as short |
| Phoenix TRX | +0.039% | −0.0116% | 1h | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.048% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| BloFin TRX-USDT | +0.048% | +0.0109% | 8h | $4.6M | $3.9M | 50x | as long as short |
| SunX TRX-USDT | +0.068% | +0.0100% | 8h | $196K | $862K | 30x | as long as short |
| Hyperliquid TRX | +0.074% | +0.0100% | 1h | $13.1M | $2.1M | 10x | as long as short |
| dYdX TRX-USD | +0.080% | +0.0156% | 1h | $186K | $3K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.082% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| ApeX Omni TRXUSDT | +0.083% | +0.0100% | 1h | $115K | $536K | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.084% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Aevo TRX-PERP | +0.092% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.104% | −0.0158% | 1h | $1.8M | $895K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.133% | +0.0267% | 1h | $815K | $401K | 25x | as long as short |