Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against SunX−0.015%73s7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$750.753% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 3 days (all we have)+0.294%+$29 · spread now −0.015%, 7d avg +0.106%
Together, before fees+0.406%+$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.121% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.106%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TRX-USDT0.34450.0100pay 0.0100% / 8h27m 43s$196K$924K30x
ShortApeX Omni TRXUSDT0.34440.0100get 0.0013% / 1h27m 43s$115K$565K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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

Funding earned
$0
Price spread: −0.015% → +0.106%
−$12.14
Slippage, 4 orders
−$57.29
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$87.43
Costs to cover
0.753%
Break-even
never at this rate
Slippage from SunX: live order book, 35 min ago; ApeX Omni: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 35 min ago7.89 bp14.0 bp −$1422.0 bp −$220doesn't fitdoesn't fit
Sell ApeX Omni live order book, 50 min ago4.65 bp19.6 bp −$20122.2 bp −$1,222doesn't fitdoesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRX/USDC PERP−0.0146%1h0.3441−0.114%$1K$163K12xas long as short
Reya TRXRUSDPERP−0.0133%1h0.3443−0.042%$520xas long as short
KuCoin TRXUSDTM−0.0092%8h0.3443−0.053%$8.7M$3.6M75xas long as short
Backpack TRX_USDC_PERP−0.0074%1h0.3443−0.044%$58K$4K10xas long as short
Phoenix TRX−0.0070%1h0.3445−0.001%$5K$13K10xas long as short
Variational Omni TRX−0.0038%8h0.3443−0.053%$563K$36Kas long as short
HTX TRX-USDT−0.0023%8h0.3443−0.066%$827K$729K75xas long as short
Bybit TRXUSDT−0.0020%8h0.3444−0.027%$54.7M$8.0M75xas long as short
dYdX TRX-USD0.0000%1h0.3445+0.015%$181K$10K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0007%1h0.3445+0.006%$121K150xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TRX-USDT-SWAP+0.0019%8h0.3444−0.033%$15.6M$8.8M50xas long as short
MEXC TRX_USDT+0.0031%8h0.3444−0.024%$18.2M$1.9M200xas long as short
Binance TRXUSDT+0.0032%8h0.3444−0.025%$99.3M$47.9M75xas long as short
Extended TRX-USD+0.0032%1h0.3443−0.048%$196K$1.1M25xas long as short
Aster TRXUSDT+0.0060%8h0.3445−0.005%$956K$659K75xas long as short
Kraken Futures PF_TRXUSD+0.0062%1h0.3445+0.008%$1.9M$1.0M25xas long as short
Paradex TRX-USD-PERP+0.0069%8h0.3444−0.039%$9K$38520xas long as short
Phemex TRXUSDT+0.0084%8h0.3444−0.021%$3.8M$1.6M50xas long as short
Gate TRX_USDT+0.0085%8h0.3443−0.042%$9.6M$2.5M75xas long as short
Aevo TRX-PERP+0.0088%1h0.3442−0.073%$33K3xas long as short
SoDEX TRX-USD+0.0090%1h0.3444−0.030%$404$5K5xas long as short
Orderly PERP_TRX_USDC+0.0091%8h0.3444−0.039%$14K$107K20xas long as short
Lighter TRX+0.0096%1h0.3444−0.036%$482K$630K10xas long as short
Hyperliquid TRX+0.0100%1h0.3446+0.025%$13.2M$2.2M10xas long as short
Bitget TRXUSDT+0.0100%8h0.3444−0.024%$9.5M$2.2M75xas long as short
BingX TRX-USDC+0.0100%8h0.3444−0.033%$6.5Mas long as short
edgeX TRXUSDC+0.0100%4h0.3443−0.057%$588K$433K20xas long as short
ApeX Omni TRXUSDTshort+0.0100%1h0.3444−0.015%$115K$565K50x
SunX TRX-USDTlong+0.0100%8h0.3445long leg$196K$924K30x
BloFin TRX-USDT+0.0125%8h0.3444−0.030%$4.6M$4.0M50xas long as short
GMX TRX/USD [ETH-USDC]L +0.0366% / S −0.0395%1h0.3445−0.006%$20K100xas long as short
Deribit TRX_USDC-PERPETUAL+0.0519%1h0.3448+0.087%$830K$414K25xas long as short