Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.014%47s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$690.693% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now −0.014%, 7d avg −0.104%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.089% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.104%. The two prices were read 47 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	0.3472	0.0100	pay 0.0013% / 1h	49m 28s	$115K	$566K	50x
Short	SunX TRX-USDT	0.3472	0.0100	get 0.0100% / 8h	4h 49m	$197K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.104%: $8.94
Slippage, 4 orders: −$51.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.33
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; SunX: live order book, 4 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, 8 min ago	4.61 bp	12.0 bp −$12	94.0 bp −$940	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	15.51 bp	19.5 bp −$20	26.3 bp −$263	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	0.3471	−0.038%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3473	+0.032%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3473	+0.017%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3473	+0.023%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.901%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3472	0.000%	—	$6.5M	—	as long as short
Backpack TRX_USDC_PERP	+0.0081%	1h	0.3472	−0.006%	$62K	$5K	10x	as long as short
Lighter TRX	+0.0096%	1h	0.3472	−0.020%	$484K	$664K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0098%	8h	0.3472	−0.003%	$15K	$102K	20x	as long as short
Paradex TRX-USD-PERP	+0.0099%	8h	0.3471	−0.034%	$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	0.3474	+0.056%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3472	−0.017%	$962K	$694K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3472	−0.017%	$105.0M	$58.3M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3472	−0.023%	$53.7M	$11.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3472	−0.020%	$15.5M	$9.6M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3472	−0.023%	$9.6M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3472	−0.017%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3472	−0.003%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3472	−0.009%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3472	−0.012%	$568K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3473	+0.014%	$592K	$471K	20x	as long as short
ApeX Omni TRXUSDTlong	+0.0100%	1h	0.3472	long leg	$115K	$566K	50x
SunX TRX-USDTshort	+0.0100%	8h	0.3472	−0.014%	$197K	$1.2M	30x
SoDEX TRX-USD	+0.0100%	1h	0.3472	+0.003%	$410	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3471	−0.034%	$834K	$840K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3472	+0.003%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3471	−0.048%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3471	−0.045%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3473	+0.029%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3473	+0.023%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3473	+0.031%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0525%	1h	0.3476	+0.101%	$844K	$503K	25x	as long as short