Funding you earn now, next payment 00:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.77 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against MEXC+0.015%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.015%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.024% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TRX_USDT | 0.3441 | 0.0007 | pay 0.0007% / 8h | 1h 52m | $18.2M | $1.7M | 200x |
| Short | BingX TRX-USDT | 0.3442 | 0.0084 | get 0.0084% / 8h | 1h 52m | — | $40.0M | — |
MEXC TRX_USDT
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $16.17
- Price spread: +0.015% → −0.010%
- $2.42
- Slippage, 4 orders
- −$1.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $3.43
- Costs to cover
- 0.152%
- Break-even
- 5.5 days
Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 16 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 MEXC live order book, 1 min ago | 0.14 bp | 2.1 bp −$2 | 3.4 bp −$34 | 24.0 bp −$2,395 | 39.7 bp −$19.8K |
| Sell BingX live order book, 16 min ago | 0.29 bp | 5.3 bp −$5 | 6.5 bp −$65 | 19.1 bp −$1,906 | 42.7 bp −$21.3K |
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 | 0.3440 | −0.017% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | 0.000% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3440 | −0.023% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0079% | 8h | 0.3440 | −0.017% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.052% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0024% | 8h | 0.3440 | −0.024% | $952K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0019% | 8h | 0.3440 | −0.024% | $826K | $713K | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0015% | 8h | 0.3440 | −0.029% | $8.7M | $3.6M | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3440 | −0.017% | $482K | $637K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.050% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Aster TRXUSDT
HTX TRX-USDT
KuCoin TRXUSDTM
Lighter TRX
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.035% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0004% | 8h | 0.3440 | −0.020% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDTlong | +0.0007% | 8h | 0.3441 | long leg | $18.2M | $1.7M | 200x | |
| Binance TRXUSDT | +0.0008% | 8h | 0.3441 | −0.004% | $99.3M | $48.8M | 75x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3440 | −0.026% | $196K | $1.1M | 25x | as long as short |
| Backpack TRX_USDC_PERP | +0.0016% | 1h | 0.3441 | −0.012% | $58K | $4K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.047% | $1.9M | $979K | 25x | as long as short |
| SoDEX TRX-USD | +0.0027% | 1h | 0.3441 | −0.009% | $406 | $5K | 5x | as long as short |
| BloFin TRX-USDT | +0.0030% | 8h | 0.3441 | −0.009% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0055% | 8h | 0.3441 | −0.013% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3441 | +0.003% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.056% | $33K | — | 3x | as long as short |
| BingX TRX-USDTshort | +0.0084% | 8h | 0.3442 | +0.015% | — | $40.0M | — | |
| Bitget TRXUSDT | +0.0089% | 8h | 0.3441 | −0.012% | $9.4M | $2.1M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.006% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0097% | 8h | 0.3441 | −0.003% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.041% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | +0.016% | $587K | $433K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | +0.023% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.049% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.026% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0476% | 1h | 0.3445 | +0.106% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Binance TRXUSDT
Extended TRX-USD
Backpack TRX_USDC_PERP
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Bitget TRXUSDT
Orderly PERP_TRX_USDC
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL