Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.021%
Price spread now: ApeX Omni against Phemex+0.041%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.041%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.038% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3440 | 0.0075 | pay 0.0075% / 8h | 1h 09m | $3.8M | $1.6M | 50x |
| Short | ApeX Omni TRXUSDT | 0.3441 | 0.0100 | get 0.0013% / 1h | 9m 02s | $115K | $550K | 50x |
Phemex TRXUSDT
ApeX Omni TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- $5.16
- Price spread: +0.041% → +0.003%
- $3.77
- Slippage, 4 orders
- −$24.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$37.86
- Costs to cover
- 0.468%
- Break-even
- 58.3 days
Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 9 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 Phemex live order book, 5 min ago | 0.14 bp | 7.3 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 9 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 | −0.031% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.029% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0075% | 8h | 0.3438 | −0.044% | $8.7M | $3.6M | 75x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.028% | $562K | $38K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.023% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | −0.023% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | −0.041% | $825K | $721K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0020% | 1h | 0.3441 | +0.015% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | −0.0002% | 8h | 0.3440 | −0.012% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3439 | −0.023% | $482K | $637K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.019% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.021% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0015% | 8h | 0.3440 | +0.009% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.038% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3440 | −0.012% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0016% | 8h | 0.3440 | −0.013% | $99.2M | $48.2M | 75x | as long as short |
| SoDEX TRX-USD | +0.0018% | 1h | 0.3440 | −0.012% | $402 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.037% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3439 | −0.023% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0066% | 8h | 0.3440 | −0.012% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDTlong | +0.0075% | 8h | 0.3440 | long leg | $3.8M | $1.6M | 50x | |
| Gate TRX_USDT | +0.0084% | 8h | 0.3439 | −0.026% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.065% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.006% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.038% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | −0.020% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.003% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.018% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDTshort | +0.0100% | 1h | 0.3441 | +0.041% | $115K | $550K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.042% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.024% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0491% | 1h | 0.3444 | +0.110% | $832K | $411K | 25x | as long as short |
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL