Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.070%
Price spread now: Bitget against HTX+0.043%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.383% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.342%+$34 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.043%, 7d avg +0.023%
Together, before fees+0.359%+$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.020% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX TRX-USDT0.34750.0100pay 0.0100% / 8h4h 31m$834K$844K75x
ShortBitget TRXUSDT0.34760.0100get 0.0100% / 8h4h 31m$10.3M$3.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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

Funding earned
$0
Price spread: +0.043% → +0.023%
$2.02
Slippage, 4 orders
−$14.25
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$36.24
Costs to cover
0.383%
Break-even
never at this rate
Slippage from HTX: live order book, 27 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 27 min ago4.52 bp11.8 bp −$1215.5 bp −$155doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.14 bp7.9 bp −$812.4 bp −$12438.9 bp −$3,893doesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya TRXRUSDPERP−0.0133%1h0.3476+0.023%$520xas long as short
Phoenix TRX−0.0023%1h0.3473−0.041%$5K$14K10xas long as short
dYdX TRX-USD0.0000%1h0.3475+0.001%$183K$10K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0008%1h0.3476+0.045%$122K150xas long as short
Injective TRX/USDC PERP+0.0033%1h0.3441−0.973%$1K$163K12xas long as short
Backpack TRX_USDC_PERP+0.0050%1h0.3475+0.003%$62K$5K10xas long as short
BingX TRX-USDC+0.0070%8h0.3476+0.034%$6.5Mas long as short
Paradex TRX-USD-PERP+0.0091%8h0.3475+0.018%$9K$25120xas long as short
Lighter TRX+0.0096%1h0.3476+0.040%$485K$669K10xas long as short
Orderly PERP_TRX_USDC+0.0098%8h0.3475+0.011%$15K$100K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TRX+0.0100%1h0.3479+0.109%$13.1M$2.6M10xas long as short
Aster TRXUSDT+0.0100%8h0.3476+0.033%$963K$696K75xas long as short
Binance TRXUSDT+0.0100%8h0.3476+0.047%$105.2M$58.6M75xas long as short
Bybit TRXUSDT+0.0100%8h0.3475+0.005%$53.6M$11.7M75xas long as short
OKX TRX-USDT-SWAP+0.0100%8h0.3476+0.037%$15.5M$9.8M50xas long as short
Gate TRX_USDT+0.0100%8h0.3476+0.037%$9.6M$2.9M75xas long as short
MEXC TRX_USDT+0.0100%8h0.3477+0.052%$18.8M$2.1M200xas long as short
KuCoin TRXUSDTM+0.0100%8h0.3477+0.069%$8.6M$3.4M75xas long as short
Bitget TRXUSDTshort+0.0100%8h0.3476+0.043%$10.3M$3.3M75x
Variational Omni TRX+0.0100%8h0.3470−0.142%$568K$37Kas long as short
edgeX TRXUSDC+0.0100%4h0.3472−0.085%$592K$472K20xas long as short
ApeX Omni TRXUSDT+0.0100%1h0.3476+0.023%$116K$563K50xas long as short
SunX TRX-USDT+0.0100%8h0.3475−0.007%$197K$1.2M30xas long as short
SoDEX TRX-USD+0.0100%1h0.3476+0.046%$409$5K5xas long as short
HTX TRX-USDTlong+0.0100%8h0.3475long leg$834K$844K75x
Phemex TRXUSDT+0.0100%8h0.3476+0.040%$3.9M$1.8M50xas long as short
Extended TRX-USD+0.0104%1h0.3475+0.011%$195K$1.0M25xas long as short
Aevo TRX-PERP+0.0104%1h0.3474−0.029%$34K3xas long as short
BloFin TRX-USDT+0.0220%8h0.3475+0.005%$4.7M$3.9M50xas long as short
Kraken Futures PF_TRXUSD+0.0261%1h0.3477+0.060%$2.4M$1.7M25xas long as short
GMX TRX/USD [ETH-USDC]L +0.0404% / S −0.0481%1h0.3476+0.035%$20K100xas long as short
Deribit TRX_USDC-PERPETUAL+0.0466%1h0.3479+0.127%$844K$503K25xas long as short