Funding you earn now, next payment 21:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.056%
Price spread now: SunX against Phoenix+0.039%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SunX is 0.039% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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 | 0.3441 | −0.0070 | get 0.0009% / 1h | 43m 36s | $5K | $13K | 10x |
| Short | SunX TRX-USDT | 0.3442 | 0.0100 | get 0.0100% / 8h | 2h 43m | $196K | $913K | 30x |
Phoenix TRX
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phoenix. 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
- $35.65
- Price spread: +0.039% → 0.000%
- $3.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $24.57
- Costs to cover
- 0.150%
- Break-even
- 2.2 days
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 38 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 SunX live order book, 38 min ago | 2.99 bp | 33.2 bp −$33 | 50.4 bp −$504 | 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 | 0.3439 | −0.058% | $5 | — | 20x | as long as short |
| BingX TRX-USDC | −0.0095% | 8h | 0.3439 | −0.055% | — | $6.5M | — | as long as short |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.058% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3439 | −0.072% | $562K | $39K | — | as long as short |
| Phoenix TRXlong | −0.0070% | 1h | 0.3441 | long leg | $5K | $13K | 10x | |
| Aster TRXUSDT | −0.0057% | 8h | 0.3439 | −0.049% | $951K | $633K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.058% | $1K | $100K | 12x | as long as short |
| Backpack TRX_USDC_PERP | −0.0047% | 1h | 0.3440 | −0.041% | $58K | $7K | 10x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3439 | −0.058% | $826K | $706K | 75x | as long as short |
| SoDEX TRX-USD | −0.0024% | 1h | 0.3440 | −0.041% | $401 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
BingX TRX-USDC
Bybit TRXUSDT
Variational Omni TRX
Aster TRXUSDT
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | −0.032% | $99.3M | $49.2M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | −0.032% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.066% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.012% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0009% | 8h | 0.3439 | −0.055% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0024% | 1h | 0.3439 | −0.049% | $483K | $628K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3440 | −0.038% | $9K | $385 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0057% | 8h | 0.3438 | −0.076% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0066% | 8h | 0.3439 | −0.052% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3440 | −0.038% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.081% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | −0.044% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3441 | +0.014% | $1.9M | $978K | 25x | as long as short |
| dYdX TRX-USD | +0.0094% | 1h | 0.3441 | −0.010% | $181K | $10K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.023% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | −0.049% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.039% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.029% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3442 | +0.039% | $196K | $913K | 30x | |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3440 | −0.038% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0282% | 1h | 0.3444 | +0.078% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | −0.010% | $19K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
Paradex TRX-USD-PERP
KuCoin TRXUSDTM
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
dYdX TRX-USD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]