Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.015%

Price spread now: edgeX against Orderly−0.007%71s7-day average −0.018% · you buy dearer than you sell

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

Long on Orderly Short on edgeX

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)+0.046%+$5 · spread now −0.007%, 7d avg −0.018%

Together, before fees−0.062%+ Points / potential airdropedgeX: Active · farm board−$6 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 cost −0.107%, so the current rate has only just turned in your favour. 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	Orderly PERP_TRX_USDC	0.3440	0.0090	pay 0.0090% / 8h	57m 50s	$14K	$107K	20x
Short	edgeX TRXUSDC	0.3440	0.0100	get 0.0050% / 4h	57m 50s	$587K	$431K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $2.09
Price spread: −0.007% → −0.018%: $1.11
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.81
Costs to cover: 0.150%
Break-even: 46.6 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 21 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 21 min ago	0.87 bp	5.4 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit

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
Backpack TRX_USDC_PERP	−0.0176%	1h	0.3441	+0.006%	$58K	$4K	10x	as long as short
Injective TRX/USDC PERP	−0.0146%	1h	0.3441	+0.020%	$1K	$163K	12x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3440	+0.004%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0085%	8h	0.3441	+0.009%	$8.7M	$3.7M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.035%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0064%	8h	0.3439	−0.037%	$562K	$38K	—	as long as short
Bybit TRXUSDT	−0.0046%	8h	0.3441	+0.020%	$54.6M	$8.1M	75x	as long as short
HTX TRX-USDT	−0.0025%	8h	0.3439	−0.027%	$826K	$722K	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3442	+0.063%	$181K	$10K	10x	as long as short
OKX TRX-USDT-SWAP	+0.0002%	8h	0.3441	+0.017%	$15.6M	$8.7M	50x	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	0.3442	+0.061%	$121K	—	150x	as long as short
SoDEX TRX-USD	+0.0011%	1h	0.3441	+0.023%	$403	$5K	5x	as long as short
Lighter TRX	+0.0016%	1h	0.3441	+0.020%	$482K	$630K	10x	as long as short
Extended TRX-USD	+0.0016%	1h	0.3440	−0.001%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	+0.0019%	8h	0.3442	+0.035%	$18.1M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0020%	8h	0.3441	+0.032%	$99.3M	$48.1M	75x	as long as short
Aster TRXUSDT	+0.0025%	8h	0.3441	+0.027%	$955K	$659K	75x	as long as short
Paradex TRX-USD-PERP	+0.0046%	8h	0.3441	+0.011%	$9K	$385	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0062%	1h	0.3443	+0.081%	$1.9M	$1.0M	25x	as long as short
Phemex TRXUSDT	+0.0076%	8h	0.3441	+0.023%	$3.8M	$1.6M	50x	as long as short
BloFin TRX-USDT	+0.0079%	8h	0.3441	+0.015%	$4.6M	$4.0M	50x	as long as short
Gate TRX_USDT	+0.0084%	8h	0.3441	+0.032%	$9.6M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3439	−0.025%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDClong	+0.0090%	8h	0.3440	long leg	$14K	$107K	20x
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.081%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3442	+0.038%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3441	+0.009%	—	$40.0M	—	as long as short
edgeX TRXUSDCshort	+0.0100%	4h	0.3440	−0.007%	$587K	$431K	20x
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	−0.012%	$115K	$554K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.084%	$196K	$920K	30x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0308%	1h	0.3445	+0.128%	$832K	$411K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	+0.049%	$20K	—	100x	as long as short