Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.54 per $10,000 · paid last 24h +0.013%
Price spread now: SunX against BloFin+0.034%55s7-day average −0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$560.561% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.034%, 7d avg −0.099%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.133% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.099%. The two prices were read 55 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 | 0.3441 | 0.0046 | pay 0.0046% / 8h | 1h 35m | $4.6M | $4.0M | 50x |
| Short | SunX TRX-USDT | 0.3443 | 0.0100 | get 0.0100% / 8h | 1h 35m | $196K | $917K | 30x |
BloFin TRX-USDT
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $11.42
- Price spread: +0.034% → −0.099%
- $13.32
- Slippage, 4 orders
- −$36.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$31.39
- Costs to cover
- 0.561%
- Break-even
- 26.2 days
Slippage from BloFin: live order book, 3 min ago; SunX: live order book, 37 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 | 6.3 bp −$6 | 8.6 bp −$86 | 20.0 bp −$1,999 | doesn't fit |
| Sell SunX live order book, 37 min ago | 6.51 bp | 24.5 bp −$25 | 32.6 bp −$326 | 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 | 0.3441 | −0.026% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.012% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3441 | −0.009% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0073% | 8h | 0.3441 | −0.012% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.044% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0042% | 1h | 0.3441 | −0.015% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0034% | 8h | 0.3440 | −0.044% | $8.7M | $3.7M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3439 | −0.060% | $826K | $716K | 75x | as long as short |
| Aster TRXUSDT | −0.0010% | 8h | 0.3443 | +0.037% | $959K | $656K | 75x | as long as short |
| SoDEX TRX-USD | −0.0001% | 1h | 0.3441 | −0.017% | $402 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3441 | −0.017% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.038% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.031% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | −0.029% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3440 | −0.040% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0011% | 8h | 0.3441 | −0.017% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0011% | 8h | 0.3441 | −0.017% | $99.3M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.033% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDTlong | +0.0046% | 8h | 0.3441 | long leg | $4.6M | $4.0M | 50x | |
| Paradex TRX-USD-PERP | +0.0051% | 8h | 0.3440 | −0.028% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3441 | −0.009% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.063% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.023% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0091% | 8h | 0.3441 | −0.026% | $9.7M | $2.5M | 75x | as long as short |
| BingX TRX-USDC | +0.0092% | 8h | 0.3441 | −0.015% | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.0099% | 8h | 0.3440 | −0.032% | $9.4M | $2.0M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.029% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | +0.004% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.006% | $115K | $545K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3443 | +0.034% | $196K | $917K | 30x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.020% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0409% | 1h | 0.3445 | +0.097% | $832K | $411K | 25x | as long as short |
OKX TRX-USDT-SWAP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
BingX TRX-USDC
Bitget TRXUSDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL