tranny is a word that can be derogatory depending on who is using it and in what context just about anyone can say drag show drag queen and drag king though without being insulting just note that being in drag is something that is done for fun usually by gay people and that it is different than someone who is trans transgendered trans people may or may not be gay but want to live all the time as the gender they are presenting as its not something they do on stage for silliness