Funding you earn now, next payment 04:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.052%
Price spread now: Kraken Futures against SoDEX+0.031%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 +$5 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TRX-USD | 0.3475 | 0.0100 | pay 0.0013% / 1h | 13m 32s | $406 | $5K | 5x |
| Short | Kraken Futures PF_TRXUSD | 0.3476 | 0.0261 | get 0.0033% / 1h | 13m 32s | $2.4M | $1.7M | 25x |
SoDEX TRX-USD
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $33.83
- Price spread: +0.031% → 0.000%
- $3.07
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $18.9
- Costs to cover
- 0.180%
- Break-even
- 3.1 days
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 5 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 1.58 bp | 11.5 bp −$11 | 15.4 bp −$154 | doesn't fit | doesn't fit |
SoDEX: 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 | 0.3474 | −0.015% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3473 | −0.052% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | +0.034% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3476 | +0.017% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.978% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0042% | 1h | 0.3474 | −0.014% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3476 | +0.023% | — | $32.8M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0093% | 8h | 0.3475 | +0.009% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3475 | +0.009% | $485K | $669K | 10x | as long as short |
| HTX TRX-USDT | +0.0098% | 8h | 0.3473 | −0.068% | $834K | $855K | 75x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDT
Paradex TRX-USD-PERP
Lighter TRX
HTX TRX-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3474 | −0.017% | $15K | $92K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3478 | +0.092% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3475 | −0.009% | $963K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3476 | +0.020% | $105.3M | $58.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3475 | 0.000% | $53.6M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3476 | +0.026% | $15.5M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3476 | +0.026% | $9.6M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3476 | +0.014% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3477 | +0.049% | $8.6M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3476 | +0.029% | $10.4M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | −0.089% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3473 | −0.056% | $592K | $474K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3476 | +0.014% | $116K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.045% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USDlong | +0.0100% | 1h | 0.3475 | long leg | $406 | $5K | 5x | |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3475 | 0.000% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3475 | −0.003% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3473 | −0.045% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3474 | −0.026% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0261% | 1h | 0.3476 | +0.031% | $2.4M | $1.7M | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3475 | +0.014% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0527% | 1h | 0.3479 | +0.111% | $843K | $504K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL