TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.025%

Price spread now: Gate against BloFin−0.026%93s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$380.379% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.026%, 7d avg −0.004%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 93 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	BloFin TRX-USDT	0.3440	0.0119	pay 0.0119% / 8h	2h 57m	$4.6M	$4.0M	50x
Short	Gate TRX_USDT	0.3439	0.0100	get 0.0100% / 8h	2h 57m	$9.7M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.026%Rate

Funding earned: −$4
Price spread: −0.026% → −0.004%: −$2.21
Slippage, 4 orders: −$10.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.15
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	0.14 bp	6.4 bp −$6	7.6 bp −$76	20.6 bp −$2,059	doesn't fit
Sell Gate live order book, 1 min ago	0.14 bp	12.2 bp −$12	24.7 bp −$247	33.8 bp −$3,382	60.4 bp −$30.2K

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	0.3438	−0.048%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0095%	8h	0.3438	−0.055%	$54.7M	$8.2M	75x	as long as short
BingX TRX-USDC	−0.0093%	8h	0.3439	−0.035%	—	$6.5M	—	as long as short
Variational Omni TRX	−0.0081%	8h	0.3439	−0.039%	$562K	$39K	—	as long as short
Backpack TRX_USDC_PERP	−0.0076%	1h	0.3439	−0.015%	$58K	$7K	10x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.049%	$5K	$13K	10x	as long as short
Aster TRXUSDT	−0.0056%	8h	0.3439	−0.017%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3440	+0.003%	$1K	$89K	12x	as long as short
Lighter TRX	−0.0040%	1h	0.3438	−0.044%	$483K	$628K	10x	as long as short
HTX TRX-USDT	−0.0038%	8h	0.3439	−0.035%	$826K	$704K	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRX-USD	−0.0026%	1h	0.3439	−0.020%	$400	$5K	5x	as long as short
Binance TRXUSDT	−0.0001%	8h	0.3438	−0.041%	$99.2M	$49.8M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	+0.022%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3438	−0.060%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	0.0000%	8h	0.3439	−0.026%	$17.2M	$1.6M	200x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3441	+0.045%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0012%	8h	0.3438	−0.047%	$15.6M	$8.8M	50x	as long as short
Paradex TRX-USD-PERP	+0.0047%	8h	0.3439	−0.035%	$9K	$385	20x	as long as short
Bitget TRXUSDT	+0.0064%	8h	0.3438	−0.044%	$9.4M	$2.1M	75x	as long as short
KuCoin TRXUSDTM	+0.0075%	8h	0.3438	−0.044%	$8.7M	$3.6M	75x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3438	−0.049%	$33K	—	3x	as long as short
Phemex TRXUSDT	+0.0081%	8h	0.3440	−0.006%	$3.8M	$1.6M	50x	as long as short
Orderly PERP_TRX_USDC	+0.0086%	8h	0.3440	+0.009%	$14K	$107K	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3441	+0.045%	$1.9M	$994K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3441	+0.032%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDTshort	+0.0100%	8h	0.3439	−0.026%	$9.7M	$2.4M	75x
edgeX TRXUSDC	+0.0100%	4h	0.3440	−0.006%	$587K	$434K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	+0.044%	$115K	$543K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.060%	$196K	$915K	30x	as long as short
BloFin TRX-USDTlong	+0.0119%	8h	0.3440	long leg	$4.6M	$4.0M	50x
GMX TRX/USD [ETH-USDC]	L +0.0350% / S −0.0367%	1h	0.3441	+0.028%	$19K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0386%	1h	0.3443	+0.098%	$828K	$409K	25x	as long as short