Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.013%
Price spread now: edgeX against BingX+0.077%100s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$250.254% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.077%, 7d avg −0.018%
=Together, before fees−0.084%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.095% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 100 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 | BingX TRX-USDC | 0.3471 | 0.0064 | pay 0.0064% / 8h | 5h 31m | — | $6.5M | — |
| Short | edgeX TRXUSDC | 0.3474 | 0.0100 | get 0.0050% / 4h | 1h 31m | $593K | $508K | 20x |
BingX TRX-USDC
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $7.56
- Price spread: +0.077% → −0.018%
- $9.51
- Slippage, 4 orders
- −$6.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$8.36
- Costs to cover
- 0.254%
- Break-even
- 14.7 days
Slippage from BingX: live order book, 12 min ago; edgeX: live order book, 15 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, 12 min ago | 0.86 bp | 7.2 bp −$7 | 29.2 bp −$292 | 230.8 bp −$23.1K | 851.4 bp −$425.7K |
| Sell edgeX live order book, 15 min ago | 0.72 bp | 5.2 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0366% | 8h | 0.3471 | −0.009% | $964K | $959K | 75x | as long as short |
| HTX TRX-USDT | −0.0187% | 8h | 0.3470 | −0.027% | $831K | $886K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3470 | −0.040% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0062% | 1h | 0.3471 | 0.000% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | +0.147% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0019% | 1h | 0.3471 | +0.009% | $407 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3472 | +0.028% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3472 | +0.035% | $137K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.864% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDClong | +0.0064% | 8h | 0.3471 | long leg | — | $6.5M | — |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
SoDEX TRX-USD
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0077% | 8h | 0.3471 | −0.007% | $9K | $52 | 20x | as long as short |
| Bitget TRXUSDT | +0.0080% | 8h | 0.3470 | −0.017% | $9.7M | $4.4M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3471 | +0.009% | $481K | $656K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3471 | −0.012% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3475 | +0.115% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | +0.012% | $106.1M | $64.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3470 | −0.037% | $53.2M | $13.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3471 | −0.012% | $15.3M | $11.7M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3471 | −0.009% | $9.5M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3472 | +0.017% | $18.8M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3471 | −0.009% | $8.5M | $3.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | +0.018% | $574K | $41K | — | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3474 | +0.077% | $593K | $508K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3473 | +0.043% | $116K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | −0.032% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3472 | +0.026% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3469 | −0.051% | $211K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3469 | −0.055% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3471 | +0.009% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0269% | 1h | 0.3471 | −0.001% | $2.3M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0352% | 1h | 0.3475 | +0.109% | $802K | $689K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0409% / S −0.0492% | 1h | 0.3473 | +0.067% | $20K | — | 100x | as long as short |
Paradex TRX-USD-PERP
Bitget TRXUSDT
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]