Funding you earn now, next payment 00:00 UTC+0.0194%/8h= +21.2% APRnext payment +$1.94 per $10,000 · paid last 24h +0.049%
Price spread now: SunX against BingX+0.089%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)−0.332%−$33 · spread now +0.089%, 7d avg −0.095%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and SunX is 0.184% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.095%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3439 | −0.0094 | get 0.0094% / 8h | 2h 52m | — | $38.1M | — |
| Short | SunX TRX-USDT | 0.3442 | 0.0100 | get 0.0100% / 8h | 2h 52m | $196K | $912K | 30x |
BingX TRX-USDT
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $40.74
- Price spread: +0.089% → −0.095%
- $18.44
- Slippage, 4 orders
- −$36.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $4.22
- Costs to cover
- 0.550%
- Break-even
- 6.3 days
Slippage from BingX: live order book, 16 min ago; SunX: live order book, 29 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, 16 min ago | 0.29 bp | 5.3 bp −$5 | 5.7 bp −$57 | 10.2 bp −$1,015 | 35.5 bp −$17.8K |
| Sell SunX live order book, 29 min ago | 2.99 bp | 33.2 bp −$33 | 50.4 bp −$504 | 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 | 0.3440 | +0.009% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0095% | 8h | 0.3439 | −0.012% | $54.7M | $8.2M | 75x | as long as short |
| BingX TRX-USDTlong | −0.0094% | 8h | 0.3439 | long leg | — | $38.1M | — | |
| Backpack TRX_USDC_PERP | −0.0085% | 1h | 0.3440 | +0.015% | $58K | $7K | 10x | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3437 | −0.050% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3440 | +0.023% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | +0.003% | $951K | $636K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.006% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0037% | 8h | 0.3438 | −0.032% | $826K | $705K | 75x | as long as short |
| SoDEX TRX-USD | −0.0035% | 1h | 0.3440 | +0.012% | $401 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | −0.0008% | 1h | 0.3439 | 0.000% | $483K | $628K | 10x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | +0.012% | $17.2M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | +0.027% | $99.3M | $49.4M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.043% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.003% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.060% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0011% | 8h | 0.3439 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0043% | 8h | 0.3440 | +0.015% | $9K | $385 | 20x | as long as short |
| Bitget TRXUSDT | +0.0064% | 8h | 0.3440 | +0.020% | $9.4M | $2.1M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.0068% | 8h | 0.3439 | −0.003% | $8.7M | $3.6M | 75x | as long as short |
| Phemex TRXUSDT | +0.0080% | 8h | 0.3440 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.032% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3440 | +0.026% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.079% | $1.9M | $994K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.081% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3440 | +0.015% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.001% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.012% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3442 | +0.089% | $196K | $912K | 30x | |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3439 | +0.003% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0229% | 1h | 0.3444 | +0.134% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.047% | $19K | — | 100x | as long as short |
Lighter TRX
MEXC TRX_USDT
Binance TRXUSDT
dYdX TRX-USD
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Bitget TRXUSDT
KuCoin TRXUSDTM
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]