Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.040%
Price spread now: BingX against dYdX−0.001%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1611.609% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.001%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.027% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.344%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRX-USD | 0.3483 | 0 | get 0.0000% / 1h | 39m 38s | $183K | $12K | 10x |
| Short | BingX TRX-USDC | 0.3483 | 0.0070 | get 0.0070% / 8h | 2h 39m | — | $6.5M | — |
dYdX TRX-USD
BingX TRX-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against dYdX. 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
- $14.7
- Price spread: −0.001% → −0.029%
- $2.75
- Slippage, 4 orders
- −$140.87
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.42
- Costs to cover
- 1.609%
- Break-even
- 75.3 days
Slippage from dYdX: live order book, 9 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 dYdX live order book, 9 min ago | 60.59 bp | 78.9 bp −$79 | 115.9 bp −$1,159 | 201.8 bp −$20.2K | 514.3 bp −$257.1K |
| Sell BingX live order book, 6 min ago | 0.72 bp | 7.6 bp −$8 | 24.0 bp −$240 | 207.2 bp −$20.7K | 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 | 0.3481 | −0.072% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3486 | +0.068% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3483 | long leg | $183K | $12K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3482 | −0.028% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.213% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0051% | 8h | 0.3480 | −0.084% | $827K | $918K | 75x | as long as short |
| BingX TRX-USDCshort | +0.0070% | 8h | 0.3483 | −0.001% | — | $6.5M | — | |
| Lighter TRX | +0.0096% | 1h | 0.3484 | +0.016% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3484 | +0.008% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3483 | −0.021% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
HTX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3487 | +0.099% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3484 | +0.019% | $964K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | +0.016% | $107.0M | $62.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | −0.033% | $53.9M | $12.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3483 | −0.001% | $15.5M | $10.3M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3483 | −0.018% | $9.7M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3484 | +0.013% | $18.9M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3483 | −0.007% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3482 | −0.027% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3483 | −0.021% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | −0.037% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.086% | $594K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | +0.091% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3481 | −0.059% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3483 | −0.007% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3483 | +0.007% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3482 | −0.036% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3481 | −0.057% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | −0.010% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3482 | −0.028% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3484 | +0.012% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0665% | 1h | 0.3488 | +0.129% | $902K | $643K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL