TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.051%

Price spread now: ApeX Omni against Phoenix−0.034%116s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.034% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$4 a day). The two prices were read 116 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	Phoenix TRX	0.3487	−0.0023	get 0.0003% / 1h	45m 32s	$5K	$13K	10x
Short	ApeX Omni TRXUSDT	0.3486	0.0100	get 0.0013% / 1h	45m 32s	$116K	$595K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.034%Rate

Funding earned: $25.82
Price spread: −0.034% → 0.000%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $5.37
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 57 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 Phoenix no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 57 min ago	7.17 bp	16.3 bp −$16	137.5 bp −$1,375	doesn't fit	doesn't fit

Phoenix: 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
Reya TRXRUSDPERP	−0.0133%	1h	0.3481	−0.167%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0073%	8h	0.3481	−0.167%	$832K	$945K	75x	as long as short
Phoenix TRXlong	−0.0023%	1h	0.3487	long leg	$5K	$13K	10x
dYdX TRX-USD	0.0000%	1h	0.3482	−0.122%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3482	−0.125%	$123K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0005%	1h	0.3481	−0.172%	$62K	$5K	10x	as long as short
SoDEX TRX-USD	+0.0026%	1h	0.3482	−0.149%	$410	$5K	5x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.311%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3482	−0.149%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0093%	8h	0.3481	−0.169%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3481	−0.152%	$487K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3482	−0.141%	$14K	$61K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3485	−0.040%	$13.3M	$2.8M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3480	−0.192%	$971K	$712K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3481	−0.152%	$107.0M	$63.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3482	−0.135%	$53.5M	$12.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3481	−0.155%	$15.6M	$10.7M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3481	−0.152%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3482	−0.135%	$19.2M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3482	−0.123%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3481	−0.161%	$9.8M	$4.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3481	−0.169%	$569K	$33K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3482	−0.133%	$594K	$463K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3486	−0.034%	$116K	$595K	50x
SunX TRX-USDT	+0.0100%	8h	0.3480	−0.180%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3483	−0.118%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3480	−0.178%	$205K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3481	−0.168%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3483	−0.109%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0296%	1h	0.3482	−0.132%	$2.4M	$1.8M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3483	−0.101%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0462%	1h	0.3485	−0.040%	$883K	$728K	25x	as long as short