Funding you earn now, next payment 00:00 UTC−0.0214%/8h= −23.4% APRnext payment −$2.14 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against BloFin−0.009%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.009%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 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 | BloFin TRX-USDT | 0.3440 | 0.0119 | pay 0.0119% / 8h | 2h 45m | $4.6M | $4.0M | 50x |
| Short | BingX TRX-USDC | 0.3439 | −0.0095 | pay 0.0095% / 8h | 2h 45m | — | $6.5M | — |
BloFin TRX-USDT
BingX TRX-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$44.92
- Price spread: −0.009% → −0.007%
- −$0.13
- Slippage, 4 orders
- −$10.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.23
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 6 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 BloFin live order book, 3 min ago | 0.14 bp | 6.7 bp −$7 | 8.2 bp −$82 | 22.9 bp −$2,294 | doesn't fit |
| Sell BingX live order book, 6 min ago | 0.73 bp | 8.4 bp −$8 | 25.0 bp −$250 | 263.0 bp −$26.3K | 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 | 0.3439 | −0.012% | $5 | — | 20x | as long as short |
| BingX TRX-USDCshort | −0.0095% | 8h | 0.3439 | −0.009% | — | $6.5M | — | |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.020% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3439 | −0.034% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.038% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.012% | $951K | $633K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0050% | 1h | 0.3440 | −0.003% | $58K | $7K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.020% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3439 | −0.026% | $826K | $706K | 75x | as long as short |
| SoDEX TRX-USD | −0.0026% | 1h | 0.3440 | −0.003% | $404 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | 0.000% | $99.3M | $49.2M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | 0.000% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.025% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.056% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0009% | 8h | 0.3439 | −0.015% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0024% | 1h | 0.3439 | −0.009% | $483K | $628K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0045% | 8h | 0.3440 | +0.001% | $9K | $385 | 20x | as long as short |
| dYdX TRX-USD | +0.0055% | 1h | 0.3441 | +0.028% | $181K | $10K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0058% | 8h | 0.3438 | −0.035% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0066% | 8h | 0.3439 | −0.015% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3440 | +0.003% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.042% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3440 | 0.000% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.054% | $1.9M | $978K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.058% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | −0.009% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.002% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.006% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.077% | $196K | $913K | 30x | as long as short |
| BloFin TRX-USDTlong | +0.0119% | 8h | 0.3440 | long leg | $4.6M | $4.0M | 50x | |
| Deribit TRX_USDC-PERPETUAL | +0.0273% | 1h | 0.3444 | +0.125% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.034% | $19K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
Paradex TRX-USD-PERP
dYdX TRX-USD
KuCoin TRXUSDTM
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]