Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.026%

Price spread now: ApeX Omni against OKX+0.049%60s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.447% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.354%+$35 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.049%, 7d avg +0.017%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.033% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 60 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	OKX TRX-USDT-SWAP	0.3440	−0.0003	get 0.0003% / 8h	1h 10m	$15.6M	$8.8M	50x
Short	ApeX Omni TRXUSDT	0.3441	0.0100	get 0.0013% / 1h	10m 31s	$115K	$550K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.049%Rate

Funding earned: $21.63
Price spread: +0.049% → +0.017%: $3.26
Slippage, 4 orders: −$24.72
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.84
Costs to cover: 0.447%
Break-even: 13.4 days

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 7 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 OKX live order book, 3 min ago	0.14 bp	6.1 bp −$6	13.5 bp −$135	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 7 min ago	4.65 bp	19.6 bp −$20	122.2 bp −$1,222	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	0.3439	−0.019%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	+0.038%	$1K	$163K	12x	as long as short
KuCoin TRXUSDTM	−0.0073%	8h	0.3438	−0.038%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3441	+0.038%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0070%	8h	0.3439	−0.018%	$562K	$39K	—	as long as short
Bybit TRXUSDT	−0.0053%	8h	0.3439	−0.017%	$54.6M	$8.2M	75x	as long as short
Backpack TRX_USDC_PERP	−0.0026%	1h	0.3440	+0.020%	$58K	$4K	10x	as long as short
HTX TRX-USDT	−0.0022%	8h	0.3439	−0.022%	$826K	$720K	75x	as long as short
OKX TRX-USDT-SWAPlong	−0.0003%	8h	0.3440	long leg	$15.6M	$8.8M	50x
dYdX TRX-USD	0.0000%	1h	0.3442	+0.079%	$181K	$10K	10x	as long as short

Show 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	0.3441	+0.034%	$121K	—	150x	as long as short
Lighter TRX	+0.0008%	1h	0.3439	−0.012%	$482K	$637K	10x	as long as short
MEXC TRX_USDT	+0.0015%	8h	0.3440	−0.003%	$18.2M	$1.7M	200x	as long as short
Aster TRXUSDT	+0.0015%	8h	0.3440	+0.017%	$956K	$659K	75x	as long as short
Extended TRX-USD	+0.0016%	1h	0.3439	−0.026%	$196K	$1.1M	25x	as long as short
Binance TRXUSDT	+0.0017%	8h	0.3439	−0.006%	$99.2M	$48.2M	75x	as long as short
SoDEX TRX-USD	+0.0021%	1h	0.3440	+0.003%	$400	$5K	5x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3441	+0.043%	$1.9M	$1.0M	25x	as long as short
Paradex TRX-USD-PERP	+0.0039%	8h	0.3439	−0.014%	$9K	$385	20x	as long as short
BloFin TRX-USDT	+0.0064%	8h	0.3440	+0.006%	$4.6M	$4.0M	50x	as long as short
Phemex TRXUSDT	+0.0075%	8h	0.3440	+0.015%	$3.8M	$1.6M	50x	as long as short
Gate TRX_USDT	+0.0084%	8h	0.3440	0.000%	$9.6M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3438	−0.054%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3440	+0.009%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3441	+0.049%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3439	−0.012%	$9.4M	$2.0M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3440	0.000%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3439	−0.009%	$587K	$430K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3441	+0.049%	$115K	$550K	50x
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.057%	$196K	$918K	30x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3441	+0.031%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0497%	1h	0.3444	+0.124%	$832K	$411K	25x	as long as short