Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.029%
Price spread now: Kraken Futures against SunX+0.093%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.093%, 7d avg +0.119%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.119%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3482 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $198K | $1.4M | 30x |
| Short | Kraken Futures PF_TRXUSD | 0.3485 | 0.0020 | get 0.0002% / 1h | 26m 05s | $2.4M | $1.9M | 25x |
SunX TRX-USDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SunX. 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
- −$16.86
- Price spread: +0.093% → +0.119%
- −$2.63
- Slippage, 4 orders
- −$118.91
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$156.4
- Costs to cover
- 1.369%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; Kraken Futures: live order book, 3 min ago.
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 SunX live order book, 8 min ago | 32.99 bp | 77.7 bp −$78 | 92.9 bp −$929 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.30 bp | 10.5 bp −$10 | 13.8 bp −$138 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0209% | 8h | 0.3481 | −0.012% | $834K | $956K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3483 | +0.019% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3483 | +0.030% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | +0.046% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3484 | +0.049% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0020% | 1h | 0.3485 | +0.093% | $2.4M | $1.9M | 25x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.173% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0039% | 1h | 0.3483 | +0.047% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDT | +0.0044% | 8h | 0.3484 | +0.056% | — | $32.6M | — | as long as short |
| Aster TRXUSDT | +0.0056% | 8h | 0.3481 | −0.039% | $968K | $773K | 75x | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDT
Aster TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TRXUSDT | +0.0074% | 8h | 0.3484 | +0.050% | $53.5M | $12.8M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3483 | +0.030% | $9K | $123 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3484 | +0.056% | $488K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3484 | +0.056% | $14K | $63K | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | +0.076% | $107.1M | $65.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | +0.073% | $15.6M | $11.1M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | +0.056% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3484 | +0.059% | $19.0M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3485 | +0.079% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3483 | +0.039% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | +0.002% | $577K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.003% | $594K | $503K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | +0.059% | $116K | $616K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3482 | long leg | $198K | $1.4M | 30x | |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3484 | +0.059% | $408 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3484 | +0.059% | $3.9M | $2.0M | 50x | as long as short |
| Hyperliquid TRX | +0.0102% | 1h | 0.3488 | +0.171% | $13.4M | $2.8M | 10x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3483 | +0.023% | $204K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3482 | +0.017% | $34K | — | 3x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0189% | 1h | 0.3487 | +0.136% | $809K | $753K | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | +0.045% | $4.8M | $4.1M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3484 | +0.076% | $20K | — | 100x | as long as short |
Bybit TRXUSDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SoDEX TRX-USD
Phemex TRXUSDT
Hyperliquid TRX
Extended TRX-USD
Aevo TRX-PERP
Deribit TRX_USDC-PERPETUAL
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]