Funding you earn now, next payment 00:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.019%
Price spread now: Phoenix against SoDEX−0.043%70s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | SoDEX TRX-USD | 0.3456 | 0.0100 | pay 0.0013% / 1h | 28m 21s | $402 | $5K | 5x |
| Short | Phoenix TRX | 0.3454 | −0.0046 | pay 0.0006% / 1h | 28m 21s | $5K | $14K | 10x |
SoDEX TRX-USD
Phoenix TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$30.75
- Price spread: −0.043% → 0.000%
- −$4.34
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$50.09
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Phoenix: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
SoDEX and 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 | 0.3455 | −0.025% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3455 | −0.023% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRXshort | −0.0046% | 1h | 0.3454 | −0.043% | $5K | $14K | 10x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.026% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | +0.021% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.420% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | −0.044% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0052% | 1h | 0.3454 | −0.029% | $58K | $4K | 10x | as long as short |
| MEXC TRX_USDT | +0.0067% | 8h | 0.3456 | 0.000% | $18.4M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0068% | 8h | 0.3456 | +0.001% | $100.5M | $47.7M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
Backpack TRX_USDC_PERP
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0072% | 8h | 0.3454 | −0.029% | $830K | $753K | 75x | as long as short |
| Extended TRX-USD | +0.0072% | 1h | 0.3454 | −0.032% | $194K | $1.3M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0074% | 8h | 0.3456 | +0.026% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3455 | −0.013% | $9K | $358 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3455 | −0.017% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3455 | −0.020% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.064% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | +0.052% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | +0.017% | $957K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | −0.012% | $54.9M | $8.0M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3456 | +0.017% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | −0.012% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3455 | −0.003% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3453 | −0.065% | $590K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3451 | −0.119% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3453 | −0.066% | $196K | $949K | 30x | as long as short |
| SoDEX TRX-USDlong | +0.0100% | 1h | 0.3456 | long leg | $402 | $5K | 5x | |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.006% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.041% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0187% | 8h | 0.3454 | −0.043% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.015% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0546% | 1h | 0.3459 | +0.099% | $835K | $407K | 25x | as long as short |
HTX TRX-USDT
Extended TRX-USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL