TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.015%

Price spread now: dYdX against ApeX Omni+0.003%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2122.122% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.003%, 7d avg +0.015%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TRXUSDT	0.3486	0.0100	pay 0.0013% / 1h	9m 21s	$116K	$580K	50x
Short	dYdX TRX-USD	0.3486	0	get 0.0000% / 1h	9m 21s	$183K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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 ApeX OmnibpFee dYdXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → +0.015%: −$1.24
Slippage, 4 orders: −$192.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$234.47
Costs to cover: 2.122%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; dYdX: live order book, 45 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 ApeX Omni live order book, 43 min ago	4.60 bp	12.6 bp −$13	96.1 bp −$961	doesn't fit	doesn't fit
Sell dYdX live order book, 45 min ago	87.60 bp	92.9 bp −$93	92.9 bp −$929	110.7 bp −$11.1K	560.6 bp −$280.3K

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	0.3484	−0.077%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3486	−0.003%	$5K	$14K	10x	as long as short
dYdX TRX-USDshort	0.0000%	1h	0.3486	+0.003%	$183K	$10K	10x
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3485	−0.034%	$123K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.299%	$1K	$163K	12x	as long as short
HTX TRX-USDT	+0.0069%	8h	0.3485	−0.044%	$825K	$890K	75x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3485	−0.049%	—	$6.5M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3485	−0.040%	$486K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3485	−0.043%	$14K	$60K	20x	as long as short
Paradex TRX-USD-PERP	+0.0100%	8h	0.3484	−0.055%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3488	+0.037%	$13.2M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3486	−0.011%	$965K	$698K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3484	−0.060%	$106.2M	$61.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3484	−0.066%	$53.9M	$12.0M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3484	−0.054%	$15.6M	$10.3M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3484	−0.054%	$9.7M	$3.0M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3484	−0.060%	$18.9M	$2.2M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3484	−0.054%	$8.5M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3485	−0.043%	$10.6M	$3.5M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3484	−0.052%	$62K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3485	−0.041%	$570K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3486	+0.004%	$595K	$468K	20x	as long as short
ApeX Omni TRXUSDTlong	+0.0100%	1h	0.3486	long leg	$116K	$580K	50x
SunX TRX-USDT	+0.0100%	8h	0.3483	−0.083%	$198K	$1.3M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3486	−0.020%	$409	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3486	−0.011%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3483	−0.086%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3483	−0.098%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0144%	1h	0.3486	−0.002%	$2.4M	$1.7M	25x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3487	+0.009%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0491%	1h	0.3485	−0.047%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0654%	1h	0.3490	+0.094%	$843K	$548K	25x	as long as short