Live data
TRON (TRX) perpetual futures
Live funding rates, open interest, and measured trade costs for TRON. 21 venues in the PerpFinder venue map list TRX perps.
At a glance
This TRX funding snapshot covers 4 venues: Bybit, Hyperliquid, dYdX, and Binance. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists TRX.
- Highest annualized funding
- 0.00%dYdX
- Executable spread
- 20.12% annualizeddYdX vs Hyperliquid
More
The highest executable annualized funding rate is 0.00% on dYdX, and the lowest is -20.12% on Hyperliquid.
The executable spread between dYdX and Hyperliquid is 20.12% annualized, from 3 venues that report open interest.
Bybit, Hyperliquid, and dYdX report $69.3m of open interest across the venues in this snapshot that publish it.
The TRX price in this snapshot comes from Binance at $0.3381.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
dYdXDEX
BinanceCEX
BybitCEX
HyperliquidDEXOpen interest
Per-exchange open interest
BybitHyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. TRX is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade TRON (TRX) Perpetual Futures
20 of the 21 venues that list TRX perps have a PerpFinder review page. The table compares fees, leverage, and features for those 20.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | TRX → | |
| 0.010% | 0.050% | 50x | 9.0 | TRX → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | TRX → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | TRX → | ||
| 0.010% | 0.035% | 50x | 8.0 | TRX → | |
| 0.020% | 0.050% | 100x | 8.0 | TRX → | |
| 0.010% | 0.020% | 100x | 7.8 | TRX → | |
| Free | 0.030% | 50x | 7.8 | TRX → | |
| -0.010% | 0.017% | 1000x | 7.8 | TRX → | |
| 0.050% | 0.080% | 20x | 7.5 | TRX → | |
| Free | 0.040% | 100x | 7.5 | TRX → | |
| 0.012% | 0.038% | 100x | 7.5 | TRX → | |
| Free | 0.000% | 50x | 7.5 | TRX → | |
| 0.01%, 0.02%, 0.03%, 0.05%, or 0.06% when opening; crypto pairs are 0.06%; $0.10 opening oracle fee, rollover, spread, and price impact are separate | 200x | 7.5 | TRX → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | TRX → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | TRX → | ||
| Free | 0.025% | 100x | 7.0 | TRX → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | TRX → | ||
| 0.020% | 0.050% | 100x | 6.5 | TRX → | |
| 0.010% | 0.035% | 100x | 6.0 | TRX → | |
Market Overview
TRX perps have a fundamentally different character from most altcoin derivatives. TRON's main economic activity is USDT stablecoin transfers — the network processes more USDT volume than Ethereum by transaction count on most days, according to Tron network data. This creates a cash flow-backed valuation story that gives TRX perps a more stable funding profile than assets whose value rests entirely on narrative.
Venue structure
TRX perps trade on Binance, Bybit, OKX, and Huobi-lineage exchanges, where the TRON ecosystem has historically been stronger. Hyperliquid lists TRX among its altcoin markets. DEX depth for TRX is thin — the TRON user base has historically been less oriented toward DeFi self-custody — so CEX venues are the practical execution surface for any meaningful size.
Coinalyze's TRX data shows relatively stable OI compared to higher-volatility altcoins, consistent with TRX's steadier price behavior.
Funding character and USDT flow as a signal
TRX's funding is more stable than most altcoins, rarely reaching the extremes seen in memecoin or newer L1 assets. TRX funding tracks the broad market direction without the sharp negative swings that higher-volatility assets show.
TRON network USDT flow data is an unusual but useful signal for TRX perp direction. When USDT bridging and transfer volumes on TRON are elevated, it signals active stablecoin users and higher network fee revenue for TRX validators. Declining USDT flows, particularly when Ethereum L2 transfer costs fall, can shift stablecoin usage away from TRON and reduce the fundamental demand for TRX.
Risk considerations
TRX carries regulatory risk specific to Justin Sun, the protocol's founder. The SEC's 2023 charges against Sun for securities violations and market manipulation resulted in a settlement that resolved the majority of outstanding risk, but the concentrated leadership structure of TRON means Sun-related news remains a price driver. Track developments via CoinDesk's TRX coverage.
The asset's tokenomics include staking yields that reduce liquid supply and support price floors during moderate market conditions. Compare TRX perp fees across venues at the cost comparison tool.
Trading Tips for TRON Perps
TRX correlates with USDT transfer volume on the TRON network. Monitor TRON chain USDT flow data as a fundamental indicator — rising stablecoin transfer volumes support TRX price. TRX tends to be more resilient in downturns than other altcoins due to its fee revenue.
Frequently Asked Questions — TRON (TRX)
What is the current TRX perpetual futures funding rate?
The live TRON (TRX) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists TRX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest TRX perp trading fees?
Among 14 tracked TRX venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. DESK lists 0.017%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does TRON open interest compare across exchanges?
The TRON (TRX) open-interest chart shows the total value of outstanding TRX derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the TRX long/short ratio indicate?
The TRON long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade TRX perpetual futures?
TRON (TRX) perps are listed on 20 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 15 more. The "Where to Trade TRON (TRX) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Layer 1 · Data updates every 2 minutes · All rates shown are annualized