Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against BingX−0.037%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.037%, 7d avg +0.006%
=Funding pays, the price is against you. OKX is 0.043% cheaper against BingX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 4.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3478 | 0.0070 | pay 0.0070% / 8h | 4h 29m | — | $32.8M | — |
| Short | OKX TRX-USDT-SWAP | 0.3477 | 0.0100 | get 0.0100% / 8h | 4h 29m | $15.5M | $9.8M | 50x |
BingX TRX-USDT
OKX TRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $6.3
- Price spread: −0.037% → +0.006%
- −$4.31
- Slippage, 4 orders
- −$6.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.15
- Costs to cover
- 0.261%
- Break-even
- 33.8 days
Slippage from BingX: live order book, 9 min ago; OKX: live order book, 4 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, 9 min ago | 0.29 bp | 5.3 bp −$5 | 6.0 bp −$60 | 16.0 bp −$1,598 | 41.5 bp −$20.7K |
| Sell OKX live order book, 4 min ago | 0.14 bp | 7.9 bp −$8 | 16.5 bp −$165 | 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 | 0.3477 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3478 | +0.014% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3479 | +0.017% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3478 | +0.007% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.061% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0054% | 1h | 0.3478 | −0.003% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDTlong | +0.0070% | 8h | 0.3478 | long leg | — | $32.8M | — | |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3477 | −0.026% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3478 | −0.009% | $485K | $669K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3478 | +0.003% | $15K | $100K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3480 | +0.072% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3478 | +0.005% | $964K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3478 | +0.001% | $105.2M | $58.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3478 | +0.003% | $53.7M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAPshort | +0.0100% | 8h | 0.3477 | −0.037% | $15.5M | $9.8M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3478 | −0.012% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3478 | +0.017% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3479 | +0.032% | $8.6M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3479 | +0.020% | $10.4M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3475 | −0.086% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3476 | −0.066% | $593K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3476 | −0.066% | $116K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3477 | −0.021% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3478 | −0.003% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3477 | −0.033% | $835K | $845K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3478 | −0.006% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3477 | −0.031% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3476 | −0.049% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3478 | −0.006% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3479 | +0.023% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3478 | −0.002% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0572% | 1h | 0.3481 | +0.090% | $844K | $504K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL