Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h +0.070%

Price spread now: SunX against Reya−0.078%7-day average — · you buy dearer than you sell

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

Long on Reya Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. SunX is 0.078% cheaper against Reya than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRXRUSDPERP	0.3471	−0.0133	get 0.0017% / 1h	25m 42s	$5	—	20x
Short	SunX TRX-USDT	0.3468	0.0100	get 0.0100% / 8h	6h 25m	$197K	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Reya. 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 ReyabpFee SunXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $48.98
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $27.14
Costs to cover: 0.140%
Break-even: 3.1 days

Slippage unknown: Reya: no order-book sample; SunX: live order book, 7 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 Reya no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	15.88 bp	19.9 bp −$20	26.7 bp −$267	doesn't fit	doesn't fit

Reya: 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 31 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 TRXRUSDPERPlong	−0.0133%	1h	0.3471	long leg	$5	—	20x
Phoenix TRX	−0.0046%	1h	0.3469	−0.040%	$5K	$14K	10x	as long as short
KuCoin TRXUSDTM	−0.0001%	8h	0.3473	+0.060%	$8.7M	$3.5M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3472	+0.049%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3471	−0.004%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.856%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0058%	1h	0.3469	−0.035%	$59K	$4K	10x	as long as short
HTX TRX-USDT	+0.0091%	8h	0.3469	−0.037%	$833K	$795K	75x	as long as short
Orderly PERP_TRX_USDC	+0.0094%	8h	0.3470	−0.017%	$14K	$122K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3472	+0.043%	$485K	$662K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0097%	8h	0.3472	+0.040%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3472	+0.043%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3470	−0.020%	$958K	$670K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3472	+0.046%	$102.8M	$50.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3473	+0.055%	$54.9M	$9.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3473	+0.069%	$15.5M	$8.7M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3473	+0.052%	$9.7M	$2.6M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3472	+0.034%	$18.5M	$2.0M	200x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3473	+0.069%	$10.4M	$3.2M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3472	+0.049%	—	$32.7M	—	as long as short
Variational Omni TRX	+0.0100%	8h	0.3471	+0.006%	$566K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3468	−0.087%	$592K	$447K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3468	−0.089%	$115K	$563K	50x	as long as short
SunX TRX-USDTshort	+0.0100%	8h	0.3468	−0.078%	$197K	$1.0M	30x
SoDEX TRX-USD	+0.0100%	1h	0.3471	0.000%	$406	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3470	−0.015%	$3.9M	$1.7M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3472	+0.045%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3468	−0.065%	$34K	—	3x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0402% / S −0.0481%	1h	0.3470	−0.021%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0524%	1h	0.3472	+0.035%	$2.3M	$1.6M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0666%	1h	0.3474	+0.090%	$800K	$463K	25x	as long as short