Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.033%

Price spread now: Binance against Aevo+0.056%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Binance is 0.056% dearer against Aevo than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRX-PERP	0.3441	0.0088	pay 0.0011% / 1h	9m 21s	$33K	—	3x
Short	Binance TRXUSDT	0.3443	0.0038	get 0.0038% / 8h	9m 21s	$99.3M	$47.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$10.59
Price spread: +0.056% → 0.000%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.96
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.14 bp	6.4 bp −$6	9.6 bp −$96	30.8 bp −$3,082	doesn't fit

Aevo: 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
Injective TRX/USDC PERP	−0.0146%	1h	0.3441	−0.012%	$1K	$163K	12x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3442	+0.015%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0094%	8h	0.3443	+0.034%	$8.7M	$3.6M	75x	as long as short
Backpack TRX_USDC_PERP	−0.0075%	1h	0.3443	+0.049%	$58K	$4K	10x	as long as short
Phoenix TRX	−0.0070%	1h	0.3444	+0.089%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0023%	8h	0.3442	+0.017%	$563K	$36K	—	as long as short
HTX TRX-USDT	−0.0019%	8h	0.3443	+0.046%	$827K	$732K	75x	as long as short
Bybit TRXUSDT	−0.0010%	8h	0.3443	+0.040%	$54.6M	$8.0M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3444	+0.086%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3444	+0.067%	$121K	—	150x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	+0.0029%	8h	0.3443	+0.037%	$15.6M	$8.8M	50x	as long as short
MEXC TRX_USDT	+0.0036%	8h	0.3443	+0.051%	$18.2M	$1.9M	200x	as long as short
Binance TRXUSDTshort	+0.0038%	8h	0.3443	+0.056%	$99.3M	$47.9M	75x
Extended TRX-USD	+0.0040%	1h	0.3442	+0.012%	$196K	$1.1M	25x	as long as short
Kraken Futures PF_TRXUSD	+0.0062%	1h	0.3445	+0.094%	$1.9M	$1.0M	25x	as long as short
Paradex TRX-USD-PERP	+0.0074%	8h	0.3442	+0.027%	$9K	$385	20x	as long as short
Aster TRXUSDT	+0.0077%	8h	0.3443	+0.050%	$956K	$660K	75x	as long as short
Lighter TRX	+0.0080%	1h	0.3443	+0.040%	$482K	$630K	10x	as long as short
Gate TRX_USDT	+0.0082%	8h	0.3443	+0.034%	$9.6M	$2.5M	75x	as long as short
SoDEX TRX-USD	+0.0085%	1h	0.3443	+0.057%	$399	$5K	5x	as long as short
Phemex TRXUSDT	+0.0085%	8h	0.3444	+0.063%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERPlong	+0.0088%	1h	0.3441	long leg	$33K	—	3x
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3443	+0.037%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3444	+0.078%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3443	+0.046%	$9.5M	$2.2M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3443	+0.049%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3443	+0.041%	$588K	$441K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3444	+0.066%	$115K	$568K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3444	+0.072%	$196K	$927K	30x	as long as short
BloFin TRX-USDT	+0.0147%	8h	0.3443	+0.051%	$4.6M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3444	+0.063%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0519%	1h	0.3447	+0.162%	$832K	$417K	25x	as long as short