Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.063%73s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as 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−$410.408% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.063%, 7d avg +0.026%

Together, before fees+0.418%+$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.089% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 73 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	Bitget TRXUSDT	0.3468	0.0100	pay 0.0100% / 8h	6h 32m	$10.4M	$3.2M	75x
Short	ApeX Omni TRXUSDT	0.3466	0.0100	get 0.0013% / 1h	32m 17s	$115K	$563K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.026%: −$8.9
Slippage, 4 orders: −$18.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.65
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 35 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 Bitget live order book, 1 min ago	0.14 bp	9.7 bp −$10	15.5 bp −$155	30.9 bp −$3,094	doesn't fit
Sell ApeX Omni live order book, 35 min ago	4.62 bp	12.5 bp −$12	118.5 bp −$1,185	doesn't fit	doesn't fit

TRX on 31 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	0.3469	+0.011%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3468	0.000%	$5K	$14K	10x	as long as short
KuCoin TRXUSDTM	−0.0013%	8h	0.3470	+0.043%	$8.7M	$3.5M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3468	+0.004%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3469	+0.010%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.787%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0049%	1h	0.3468	−0.012%	$59K	$4K	10x	as long as short
HTX TRX-USDT	+0.0093%	8h	0.3467	−0.049%	$834K	$793K	75x	as long as short
Orderly PERP_TRX_USDC	+0.0094%	8h	0.3468	−0.014%	$14K	$122K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3469	+0.017%	$484K	$661K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0097%	8h	0.3469	+0.015%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3471	+0.081%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3469	+0.014%	$958K	$669K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3468	−0.003%	$102.8M	$50.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3469	+0.012%	$54.9M	$9.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3469	+0.014%	$15.5M	$8.7M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3468	0.000%	$9.7M	$2.6M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3469	+0.020%	$18.5M	$2.0M	200x	as long as short
Bitget TRXUSDTlong	+0.0100%	8h	0.3468	long leg	$10.4M	$3.2M	75x
BingX TRX-USDC	+0.0100%	8h	0.3469	+0.017%	—	$6.5M	—	as long as short
Variational Omni TRX	+0.0100%	8h	0.3466	−0.067%	$566K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3466	−0.053%	$592K	$449K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3466	−0.063%	$115K	$563K	50x
SunX TRX-USDT	+0.0100%	8h	0.3466	−0.081%	$197K	$1.0M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3468	−0.003%	$406	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3469	+0.009%	$3.9M	$1.7M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3468	−0.019%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3467	−0.040%	$34K	—	3x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0403% / S −0.0481%	1h	0.3468	−0.010%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0524%	1h	0.3470	+0.040%	$2.3M	$1.6M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0632%	1h	0.3472	+0.103%	$799K	$463K	25x	as long as short