Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.017%

Price spread now: Gate against Aevo+0.046%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 Gate

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. Gate is 0.046% dearer against Aevo than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRX-PERP	0.3447	0.0096	pay 0.0012% / 1h	46m 21s	$33K	—	3x
Short	Gate TRX_USDT	0.3448	0.0081	get 0.0081% / 8h	7h 46m	$9.6M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$3.15
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.51
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	0.73 bp	10.9 bp −$11	24.7 bp −$247	34.1 bp −$3,408	60.6 bp −$30.3K

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
Reya TRXRUSDPERP	−0.0133%	1h	0.3448	+0.028%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0088%	8h	0.3448	+0.044%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3448	+0.041%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3449	+0.059%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3449	+0.079%	$121K	—	150x	as long as short
Variational Omni TRX	+0.0009%	8h	0.3447	+0.011%	$564K	$36K	—	as long as short
Backpack TRX_USDC_PERP	+0.0028%	1h	0.3448	+0.035%	$58K	$4K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.162%	$1K	$163K	12x	as long as short
OKX TRX-USDT-SWAP	+0.0047%	8h	0.3449	+0.058%	$15.6M	$8.5M	50x	as long as short
Extended TRX-USD	+0.0048%	1h	0.3447	+0.026%	$193K	$1.2M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRX_USDT	+0.0050%	8h	0.3449	+0.061%	$18.3M	$1.9M	200x	as long as short
Binance TRXUSDT	+0.0052%	8h	0.3449	+0.062%	$99.9M	$48.2M	75x	as long as short
HTX TRX-USDT	+0.0071%	8h	0.3448	+0.031%	$828K	$735K	75x	as long as short
Gate TRX_USDTshort	+0.0081%	8h	0.3448	+0.046%	$9.6M	$2.4M	75x
Paradex TRX-USD-PERP	+0.0083%	8h	0.3448	+0.046%	$9K	$385	20x	as long as short
SoDEX TRX-USD	+0.0091%	1h	0.3448	+0.052%	$403	$5K	5x	as long as short
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3448	+0.044%	$14K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3448	+0.046%	$482K	$630K	10x	as long as short
Aevo TRX-PERPlong	+0.0096%	1h	0.3447	long leg	$33K	—	3x
Hyperliquid TRX	+0.0100%	1h	0.3451	+0.116%	$13.2M	$2.2M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3449	+0.056%	$957K	$660K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3448	+0.049%	$54.8M	$8.0M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3448	+0.041%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3448	+0.049%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3446	−0.014%	$589K	$439K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3447	+0.003%	$115K	$571K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3448	+0.028%	$196K	$942K	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3448	+0.041%	$3.8M	$1.6M	50x	as long as short
BloFin TRX-USDT	+0.0171%	8h	0.3448	+0.029%	$4.7M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0173%	1h	0.3450	+0.093%	$2.1M	$1.3M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0367% / S −0.0395%	1h	0.3449	+0.066%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0489%	1h	0.3452	+0.158%	$833K	$417K	25x	as long as short