Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.038%

Price spread now: Aevo against Bybit−0.029%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). The two prices were read 49 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	Bybit TRXUSDT	0.3439	−0.0095	get 0.0095% / 8h	2h 53m	$54.7M	$8.2M	75x
Short	Aevo TRX-PERP	0.3438	0.0080	get 0.0010% / 1h	53m 39s	$33K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $36.66
Price spread: −0.029% → 0.000%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: $6.75
Costs to cover: 0.270%
Break-even: 5.7 days

Slippage unknown: Bybit: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 5 min ago	1.45 bp	8.2 bp −$8	10.4 bp −$104	40.3 bp −$4,031	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.001%	$5	—	20x	as long as short
Bybit TRXUSDTlong	−0.0095%	8h	0.3439	long leg	$54.7M	$8.2M	75x
BingX TRX-USDT	−0.0094%	8h	0.3439	+0.009%	—	$38.1M	—	as long as short
Backpack TRX_USDC_PERP	−0.0094%	1h	0.3440	+0.017%	$58K	$7K	10x	as long as short
Variational Omni TRX	−0.0083%	8h	0.3437	−0.044%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3440	+0.029%	$5K	$13K	10x	as long as short
Aster TRXUSDT	−0.0056%	8h	0.3439	+0.009%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	0.000%	$1K	$100K	12x	as long as short
HTX TRX-USDT	−0.0037%	8h	0.3439	−0.012%	$826K	$705K	75x	as long as short
SoDEX TRX-USD	−0.0033%	1h	0.3439	+0.009%	$404	$5K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	−0.0024%	1h	0.3439	+0.003%	$483K	$628K	10x	as long as short
MEXC TRX_USDT	−0.0001%	8h	0.3439	+0.006%	$17.2M	$1.6M	200x	as long as short
Binance TRXUSDT	−0.0001%	8h	0.3440	+0.020%	$99.3M	$49.3M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	+0.048%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3438	−0.016%	$196K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3441	+0.055%	$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	+0.021%	$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	+0.0070%	8h	0.3439	−0.012%	$8.7M	$3.6M	75x	as long as short
Aevo TRX-PERPshort	+0.0080%	1h	0.3438	−0.029%	$33K	—	3x
Phemex TRXUSDT	+0.0080%	8h	0.3440	+0.026%	$3.8M	$1.6M	50x	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	+0.074%	$1.9M	$994K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.079%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3439	0.000%	$9.7M	$2.4M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3439	+0.006%	$587K	$435K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	+0.017%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.082%	$196K	$912K	30x	as long as short
BloFin TRX-USDT	+0.0118%	8h	0.3440	+0.020%	$4.6M	$4.0M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0235%	1h	0.3443	+0.129%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0351% / S −0.0367%	1h	0.3441	+0.052%	$19K	—	100x	as long as short