Funding you earn now, next payment 00:00 UTC−0.0118%/8h= −12.9% APRnext payment −$1.18 per $10,000 · paid last 24h −0.031%
Price spread now: HTX against BingX−0.011%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.011%, 7d avg −0.033%
=The price spread pays, funding is against you. HTX is 0.021% dearer against BingX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.033%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3444 | 0.0100 | pay 0.0100% / 8h | 5m 23s | — | $40.0M | — |
| Short | HTX TRX-USDT | 0.3444 | −0.0018 | pay 0.0018% / 8h | 5m 23s | $827K | $732K | 75x |
BingX TRX-USDT
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$24.72
- Price spread: −0.011% → −0.033%
- $2.15
- Slippage, 4 orders
- −$10.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$54.72
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; HTX: live order book, 8 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, 8 min ago | 0.44 bp | 6.1 bp −$6 | 7.6 bp −$76 | 13.9 bp −$1,388 | 31.4 bp −$15.7K |
| Sell HTX live order book, 8 min ago | 4.27 bp | 10.3 bp −$10 | 17.3 bp −$173 | 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 | −0.099% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3444 | −0.018% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0093% | 8h | 0.3444 | −0.006% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.003% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0066% | 1h | 0.3444 | −0.017% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | −0.0018% | 8h | 0.3443 | −0.040% | $563K | $36K | — | as long as short |
| HTX TRX-USDTshort | −0.0018% | 8h | 0.3444 | −0.011% | $827K | $732K | 75x | |
| Bybit TRXUSDT | −0.0007% | 8h | 0.3443 | −0.035% | $54.6M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | 0.000% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3446 | +0.033% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Backpack TRX_USDC_PERP
Variational Omni TRX
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 | +0.0033% | 8h | 0.3445 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0039% | 8h | 0.3445 | +0.020% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0040% | 8h | 0.3445 | +0.023% | $99.4M | $48.2M | 75x | as long as short |
| Extended TRX-USD | +0.0040% | 1h | 0.3444 | −0.024% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3446 | +0.033% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0076% | 8h | 0.3444 | −0.008% | $9K | $385 | 20x | as long as short |
| Aster TRXUSDT | +0.0082% | 8h | 0.3445 | +0.020% | $956K | $660K | 75x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3445 | +0.009% | $9.6M | $2.5M | 75x | as long as short |
| SoDEX TRX-USD | +0.0084% | 1h | 0.3444 | −0.012% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0086% | 8h | 0.3444 | −0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.030% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3444 | 0.000% | $482K | $630K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3444 | −0.023% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3447 | +0.061% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | −0.006% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDTlong | +0.0100% | 8h | 0.3444 | long leg | — | $40.0M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.034% | $588K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | +0.017% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.005% | $196K | $932K | 30x | as long as short |
| BloFin TRX-USDT | +0.0152% | 8h | 0.3444 | −0.017% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3445 | +0.007% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0467% | 1h | 0.3448 | +0.099% | $832K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Aster TRXUSDT
Gate TRX_USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL