Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.015%

Price spread now: Orderly against edgeX+0.005%71s7-day average +0.018% · you sell dearer than you buy

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.005%, 7d avg +0.018%

Together, before fees+0.016%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you. The two prices were read 71 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	edgeX TRXUSDC	0.3439	0.0100	pay 0.0050% / 4h	2h 48m	$587K	$435K	20x
Short	Orderly PERP_TRX_USDC	0.3440	0.0086	get 0.0086% / 8h	2h 48m	$14K	$107K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.005%Rate

Funding earned: −$2.97
Price spread: +0.005% → +0.018%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 40 min ago; Orderly: 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 edgeX live order book, 40 min ago	0.87 bp	5.4 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.016%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0095%	8h	0.3439	−0.025%	$54.7M	$8.2M	75x	as long as short
BingX TRX-USDC	−0.0095%	8h	0.3439	−0.001%	—	$6.5M	—	as long as short
Variational Omni TRX	−0.0083%	8h	0.3439	−0.027%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3441	+0.034%	$5K	$13K	10x	as long as short
Backpack TRX_USDC_PERP	−0.0066%	1h	0.3440	+0.007%	$58K	$7K	10x	as long as short
Aster TRXUSDT	−0.0056%	8h	0.3439	−0.004%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	−0.013%	$1K	$100K	12x	as long as short
HTX TRX-USDT	−0.0036%	8h	0.3439	−0.026%	$826K	$705K	75x	as long as short
SoDEX TRX-USD	−0.0027%	1h	0.3439	−0.001%	$400	$5K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	−0.0001%	8h	0.3439	−0.001%	$99.3M	$49.3M	75x	as long as short
Lighter TRX	0.0000%	1h	0.3439	−0.010%	$483K	$628K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	+0.035%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3439	−0.027%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	0.0000%	8h	0.3440	+0.007%	$17.2M	$1.6M	200x	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	+0.0010%	8h	0.3439	−0.019%	$15.6M	$8.8M	50x	as long as short
Paradex TRX-USD-PERP	+0.0044%	8h	0.3440	+0.008%	$9K	$385	20x	as long as short
KuCoin TRXUSDTM	+0.0062%	8h	0.3439	−0.022%	$8.7M	$3.6M	75x	as long as short
Bitget TRXUSDT	+0.0065%	8h	0.3439	−0.001%	$9.4M	$2.1M	75x	as long as short
Phemex TRXUSDT	+0.0078%	8h	0.3439	−0.004%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3438	−0.044%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDCshort	+0.0086%	8h	0.3440	+0.005%	$14K	$107K	20x
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3441	+0.060%	$1.9M	$994K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.060%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3439	+0.002%	$9.7M	$2.4M	75x	as long as short
edgeX TRXUSDClong	+0.0100%	4h	0.3439	long leg	$587K	$435K	20x
ApeX Omni TRXUSDT	+0.0100%	1h	0.3439	−0.007%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.074%	$196K	$913K	30x	as long as short
BloFin TRX-USDT	+0.0119%	8h	0.3440	+0.007%	$4.6M	$4.0M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0285%	1h	0.3444	+0.123%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0351% / S −0.0367%	1h	0.3441	+0.044%	$19K	—	100x	as long as short