Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.006%
Price spread now: BingX against Bybit0.000%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now 0.000%, 7d avg +0.011%
=The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3480 | 0.0100 | pay 0.0100% / 8h | 5h 43m | $54.0M | $11.2M | 75x |
| Short | BingX TRX-USDT | 0.3480 | 0.0070 | get 0.0070% / 8h | 5h 43m | — | $32.8M | — |
Bybit TRXUSDT
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$6.3
- Price spread: 0.000% → +0.011%
- −$1.12
- Slippage, 4 orders
- −$4.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$32.64
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 10 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 Bybit live order book, 6 min ago | 1.44 bp | 6.9 bp −$7 | 9.2 bp −$92 | 41.2 bp −$4,121 | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.43 bp | 5.4 bp −$5 | 7.3 bp −$73 | 13.4 bp −$1,340 | 15.4 bp −$7,694 |
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 | 0.3479 | −0.025% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3480 | +0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3479 | −0.020% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3480 | −0.011% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.121% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDTshort | +0.0070% | 8h | 0.3480 | 0.000% | — | $32.8M | — | |
| KuCoin TRXUSDTM | +0.0090% | 8h | 0.3481 | +0.020% | $8.8M | $3.5M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3479 | −0.014% | $485K | $662K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3480 | −0.009% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3480 | −0.009% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3482 | +0.063% | $13.1M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.011% | $963K | $692K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3480 | −0.006% | $105.0M | $55.9M | 75x | as long as short |
| Bybit TRXUSDTlong | +0.0100% | 8h | 0.3480 | long leg | $54.0M | $11.2M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3480 | −0.006% | $15.6M | $9.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3480 | −0.009% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3480 | −0.009% | $18.7M | $2.1M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3480 | 0.000% | $10.4M | $3.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3479 | −0.029% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.061% | $568K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3479 | −0.015% | $593K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3480 | 0.000% | $116K | $561K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3476 | −0.111% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3480 | 0.000% | $405 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3479 | −0.040% | $840K | $821K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3480 | +0.009% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3479 | −0.035% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3478 | −0.059% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3481 | +0.026% | — | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3480 | −0.012% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3481 | +0.025% | $2.4M | $1.7M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0773% | 1h | 0.3484 | +0.109% | $841K | $498K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL