Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%
Price spread now: Extended against BingX−0.030%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.030% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3455 | 0.0100 | pay 0.0100% / 8h | 7h 20m | — | $40.2M | — |
| Short | Extended TRX-USD | 0.3454 | 0.0080 | get 0.0010% / 1h | 20m 19s | $194K | $1.1M | 25x |
BingX TRX-USDT
Extended TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$4.2
- Price spread: −0.030% → 0.000%
- −$3
- Slippage, 4 orders
- −$3.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$26.05
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Extended: 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, 4 min ago | 0.43 bp | 6.4 bp −$6 | 7.3 bp −$73 | 10.6 bp −$1,056 | 36.7 bp −$18.4K |
| Sell Extended live order book, 3 min ago | 0.14 bp | 3.5 bp −$4 | 11.3 bp −$113 | 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 | 0.3454 | −0.025% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3454 | −0.029% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | +0.041% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.037% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3455 | +0.006% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.408% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3454 | −0.020% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0050% | 8h | 0.3454 | −0.034% | $565K | $36K | — | as long as short |
| MEXC TRX_USDT | +0.0075% | 8h | 0.3455 | −0.006% | $18.4M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0077% | 8h | 0.3455 | −0.003% | $100.7M | $48.1M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0078% | 8h | 0.3453 | −0.068% | $830K | $754K | 75x | as long as short |
| Extended TRX-USDshort | +0.0080% | 1h | 0.3454 | −0.030% | $194K | $1.1M | 25x | |
| OKX TRX-USDT-SWAP | +0.0086% | 8h | 0.3455 | −0.006% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3455 | −0.017% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | −0.017% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.017% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3452 | −0.079% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | +0.044% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3455 | −0.016% | $956K | $664K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | −0.003% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | −0.003% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | 0.000% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDTlong | +0.0100% | 8h | 0.3455 | long leg | — | $40.2M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3456 | +0.022% | $590K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3457 | +0.067% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | −0.086% | $196K | $956K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | −0.003% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | 0.000% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.060% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0195% | 8h | 0.3455 | −0.009% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.005% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0572% | 1h | 0.3459 | +0.101% | $846K | $421K | 25x | as long as short |
HTX TRX-USDT
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL