Funding you earn now, next payment 23:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.026%
Price spread now: OKX against ApeX Omni−0.049%60s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as 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−$450.447% of the position
Funding, last 7 days−0.354%−$35 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.049%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 60 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 | 0.3441 | 0.0100 | pay 0.0013% / 1h | 10m 29s | $115K | $550K | 50x |
| Short | OKX TRX-USDT-SWAP | 0.3440 | −0.0003 | pay 0.0003% / 8h | 1h 10m | $15.6M | $8.8M | 50x |
ApeX Omni TRXUSDT
OKX TRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.63
- Price spread: −0.049% → −0.017%
- −$3.25
- Slippage, 4 orders
- −$24.72
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$69.6
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago | 4.65 bp | 12.3 bp −$12 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.14 bp | 6.7 bp −$7 | 12.2 bp −$122 | 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 | 0.3439 | −0.068% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.012% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0073% | 8h | 0.3438 | −0.087% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | −0.012% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.068% | $562K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | −0.067% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0026% | 1h | 0.3440 | −0.029% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | −0.071% | $826K | $720K | 75x | as long as short |
| OKX TRX-USDT-SWAPshort | −0.0003% | 8h | 0.3440 | −0.049% | $15.6M | $8.8M | 50x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.029% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | −0.015% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3439 | −0.061% | $482K | $637K | 10x | as long as short |
| MEXC TRX_USDT | +0.0015% | 8h | 0.3440 | −0.052% | $18.2M | $1.7M | 200x | as long as short |
| Aster TRXUSDT | +0.0015% | 8h | 0.3440 | −0.032% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.075% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0017% | 8h | 0.3439 | −0.055% | $99.2M | $48.2M | 75x | as long as short |
| SoDEX TRX-USD | +0.0021% | 1h | 0.3440 | −0.046% | $400 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | −0.006% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0039% | 8h | 0.3439 | −0.063% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0064% | 8h | 0.3440 | −0.044% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3440 | −0.035% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3440 | −0.049% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.103% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.041% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | 0.000% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | −0.061% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3440 | −0.049% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.059% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDTlong | +0.0100% | 1h | 0.3441 | long leg | $115K | $550K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.008% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | −0.018% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0497% | 1h | 0.3444 | +0.074% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
MEXC TRX_USDT
Aster TRXUSDT
Extended TRX-USD
Binance TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL