Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.039%
Price spread now: SunX against Binance−0.008%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days+0.235%+$24 on $10k
+Price spread, last 3 days (all we have)−0.219%−$22 · spread now −0.008%, 7d avg −0.100%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.092% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRXUSDT | 0.3444 | 0.0038 | pay 0.0038% / 8h | 7m 19s | $99.3M | $48.1M | 75x |
| Short | SunX TRX-USDT | 0.3444 | 0.0100 | get 0.0100% / 8h | 7m 19s | $196K | $932K | 30x |
Binance TRXUSDT
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- $13
- Price spread: −0.008% → −0.100%
- $9.22
- Slippage, 4 orders
- −$36.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$32.65
- Costs to cover
- 0.549%
- Break-even
- 24.6 days
Slippage from Binance: live order book, 6 min ago; SunX: live order book, 55 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 Binance live order book, 6 min ago | 0.14 bp | 5.2 bp −$5 | 8.2 bp −$82 | 29.2 bp −$2,924 | doesn't fit |
| Sell SunX live order book, 55 min ago | 7.89 bp | 29.3 bp −$29 | 39.7 bp −$397 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.091% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.026% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0095% | 8h | 0.3443 | −0.024% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0072% | 1h | 0.3443 | −0.018% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.011% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0023% | 8h | 0.3442 | −0.062% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0018% | 8h | 0.3443 | −0.032% | $827K | $732K | 75x | as long as short |
| Bybit TRXUSDT | −0.0009% | 8h | 0.3444 | −0.006% | $54.6M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | +0.008% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.028% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0030% | 8h | 0.3444 | −0.012% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0038% | 8h | 0.3444 | −0.003% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDTlong | +0.0038% | 8h | 0.3444 | long leg | $99.3M | $48.1M | 75x | |
| Extended TRX-USD | +0.0040% | 1h | 0.3443 | −0.032% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.031% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0075% | 8h | 0.3444 | −0.010% | $9K | $385 | 20x | as long as short |
| Aster TRXUSDT | +0.0080% | 8h | 0.3444 | +0.001% | $956K | $660K | 75x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3443 | −0.018% | $482K | $630K | 10x | as long as short |
| SoDEX TRX-USD | +0.0081% | 1h | 0.3444 | −0.009% | $405 | $5K | 5x | as long as short |
| Gate TRX_USDT | +0.0082% | 8h | 0.3444 | −0.012% | $9.6M | $2.5M | 75x | as long as short |
| Phemex TRXUSDT | +0.0086% | 8h | 0.3444 | +0.005% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.046% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3444 | −0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.040% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | +0.002% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.012% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | −0.050% | $588K | $442K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | −0.027% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3444 | −0.008% | $196K | $932K | 30x | |
| BloFin TRX-USDT | +0.0152% | 8h | 0.3444 | −0.009% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.017% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0487% | 1h | 0.3448 | +0.116% | $833K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Aster TRXUSDT
Lighter TRX
SoDEX TRX-USD
Gate TRX_USDT
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL