Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRnext payment −$1.48 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against BingX+0.015%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.015%, 7d avg −0.012%
=The price spread pays, funding is against you. Bybit is 0.026% dearer against BingX than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.148% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDC | 0.3441 | 0.0100 | pay 0.0100% / 8h | 1h 00m | — | $6.5M | — |
| Short | Bybit TRXUSDT | 0.3441 | −0.0048 | pay 0.0048% / 8h | 1h 00m | $54.6M | $8.2M | 75x |
BingX TRX-USDC
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$31.01
- Price spread: +0.015% → −0.012%
- $2.64
- Slippage, 4 orders
- −$10.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.07
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Bybit: 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 BingX live order book, 1 min ago | 0.73 bp | 7.5 bp −$7 | 23.3 bp −$233 | 239.1 bp −$23.9K | 839.7 bp −$419.8K |
| Sell Bybit live order book, 3 min ago | 1.45 bp | 7.0 bp −$7 | 10.5 bp −$105 | 43.8 bp −$4,376 | 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 | 0.3440 | −0.004% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.015% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0083% | 8h | 0.3441 | +0.003% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.029% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0068% | 8h | 0.3438 | −0.072% | $562K | $38K | — | as long as short |
| Bybit TRXUSDTshort | −0.0048% | 8h | 0.3441 | +0.015% | $54.6M | $8.2M | 75x | |
| HTX TRX-USDT | −0.0025% | 8h | 0.3440 | −0.021% | $826K | $722K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0007% | 1h | 0.3441 | +0.006% | $58K | $4K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.058% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3441 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Backpack TRX_USDC_PERP
dYdX TRX-USD
OKX TRX-USDT-SWAPShow 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 | 0.3442 | +0.042% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | +0.006% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.010% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0017% | 8h | 0.3441 | +0.020% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0019% | 8h | 0.3441 | +0.024% | $99.3M | $48.2M | 75x | as long as short |
| Aster TRXUSDT | +0.0023% | 8h | 0.3441 | +0.013% | $955K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.055% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0027% | 1h | 0.3441 | +0.003% | $401 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3441 | +0.005% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0070% | 8h | 0.3441 | 0.000% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3441 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3441 | +0.017% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.055% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.073% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | +0.032% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDClong | +0.0100% | 8h | 0.3441 | long leg | — | $6.5M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.013% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.017% | $115K | $554K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.066% | $196K | $920K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.035% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0482% | 1h | 0.3445 | +0.123% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL