Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0165%/8h= −18.0% APRpaid last 24h −0.070%

Price spread now: HTX against ApeX Omni−0.025%76s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.605%−$60 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.025%, 7d avg −0.046%

Together, before fees−0.710%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.021% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.046%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TRXUSDT	0.3489	0.0100	pay 0.0013% / 1h	6m 15s	$116K	$587K	50x
Short	HTX TRX-USDT	0.3488	−0.0065	pay 0.0065% / 8h	1h 06m	$834K	$942K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$34.6
Price spread: −0.025% → −0.046%: $2.09
Slippage, 4 orders: −$30.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$84.59
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; HTX: live order book, 37 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, 36 min ago	7.17 bp	15.0 bp −$15	110.8 bp −$1,108	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	2.42 bp	8.4 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit

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	0.3489	−0.006%	$5	—	20x	as long as short
HTX TRX-USDTshort	−0.0065%	8h	0.3488	−0.025%	$834K	$942K	75x
dYdX TRX-USD	0.0000%	1h	0.3490	+0.046%	$183K	$12K	10x	as long as short
Phoenix TRX	0.0000%	1h	0.3491	+0.049%	$5K	$14K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3490	+0.026%	$123K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.370%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3489	+0.009%	—	$6.5M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3490	+0.026%	$488K	$671K	10x	as long as short
Paradex TRX-USD-PERP	+0.0100%	8h	0.3490	+0.022%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3489	+0.020%	$14K	$60K	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	0.3493	+0.106%	$13.3M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3489	−0.005%	$968K	$706K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3490	+0.024%	$107.5M	$62.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3489	+0.006%	$53.6M	$12.5M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3489	+0.020%	$15.6M	$10.4M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3490	+0.032%	$9.7M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3490	+0.023%	$19.6M	$2.2M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3491	+0.054%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3489	0.000%	$9.8M	$4.3M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3489	−0.006%	$63K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3488	−0.027%	$570K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3489	+0.003%	$595K	$460K	20x	as long as short
ApeX Omni TRXUSDTlong	+0.0100%	1h	0.3489	long leg	$116K	$587K	50x
SunX TRX-USDT	+0.0100%	8h	0.3488	−0.014%	$198K	$1.3M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3490	+0.023%	$412	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3491	+0.052%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3488	−0.018%	$205K	$593K	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3488	−0.025%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3489	+0.011%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0252%	1h	0.3490	+0.022%	$2.4M	$1.8M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3490	+0.022%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.1048%	1h	0.3495	+0.164%	$908K	$687K	25x	as long as short