Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.032%

Price spread now: SunX against Extended−0.086%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.086%, 7d avg −0.054%

Together, before fees+0.179%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.033% cheaper against Extended than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.054%). If the spread goes back, that is −$3 on $10k: about 5.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.269% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRX-USD	0.3456	0.0080	pay 0.0010% / 1h	15m 42s	$194K	$1.0M	25x
Short	SunX TRX-USDT	0.3453	0.0100	get 0.0100% / 8h	7h 15m	$196K	$957K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $4.2
Price spread: −0.086% → −0.054%: −$3.26
Slippage, 4 orders: −$105.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$117.11
Costs to cover: 1.180%
Break-even: 202.2 days

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.14 bp	3.5 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit
Sell SunX live order book, 37 min ago	15.48 bp	53.2 bp −$53	72.5 bp −$725	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	0.3456	−0.023%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0086%	8h	0.3457	+0.003%	$8.7M	$3.5M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3457	+0.014%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3456	−0.001%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3457	+0.015%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.446%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0043%	1h	0.3456	−0.015%	$58K	$4K	10x	as long as short
Variational Omni TRX	+0.0057%	8h	0.3455	−0.042%	$564K	$37K	—	as long as short
Extended TRX-USDlong	+0.0080%	1h	0.3456	long leg	$194K	$1.0M	25x
MEXC TRX_USDT	+0.0080%	8h	0.3457	+0.026%	$18.5M	$1.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	+0.0083%	8h	0.3457	+0.027%	$100.8M	$48.0M	75x	as long as short
HTX TRX-USDT	+0.0086%	8h	0.3456	+0.002%	$830K	$755K	75x	as long as short
OKX TRX-USDT-SWAP	+0.0091%	8h	0.3458	+0.035%	$15.5M	$8.4M	50x	as long as short
Paradex TRX-USD-PERP	+0.0091%	8h	0.3457	+0.013%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0092%	8h	0.3456	−0.012%	$15K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3457	+0.008%	$484K	$630K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3459	+0.075%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3457	+0.013%	$957K	$664K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3457	+0.017%	$55.1M	$8.3M	75x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3458	+0.040%	$9.7M	$2.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3457	+0.023%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3457	+0.023%	—	$32.9M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3454	−0.059%	$590K	$441K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3454	−0.061%	$115K	$565K	50x	as long as short
SunX TRX-USDTshort	+0.0100%	8h	0.3453	−0.086%	$196K	$957K	30x
SoDEX TRX-USD	+0.0100%	1h	0.3457	+0.008%	$404	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3457	+0.023%	$3.9M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3454	−0.059%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0172%	1h	0.3458	+0.054%	$2.3M	$1.5M	25x	as long as short
BloFin TRX-USDT	+0.0201%	8h	0.3456	−0.012%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0367% / S −0.0395%	1h	0.3456	−0.011%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0606%	1h	0.3460	+0.114%	$846K	$421K	25x	as long as short