Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.002%
Price spread now: Bitget against SunX−0.074%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.074%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.158% cheaper against SunX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3444 | 0.0100 | pay 0.0100% / 8h | 2h 17m | $196K | $917K | 30x |
| Short | Bitget TRXUSDT | 0.3441 | 0.0074 | get 0.0074% / 8h | 2h 17m | $9.4M | $2.1M | 75x |
SunX TRX-USDT
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against SunX. 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
- −$5.46
- Price spread: −0.074% → +0.083%
- −$15.77
- Slippage, 4 orders
- −$39.13
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$80.36
- Costs to cover
- 0.591%
- Break-even
- never at this rate
Slippage from SunX: live order book, 64 min ago; Bitget: live order book, 1 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 SunX live order book, 64 min ago | 2.99 bp | 10.3 bp −$10 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.29 bp | 8.7 bp −$9 | 13.5 bp −$135 | 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 | 0.3441 | −0.089% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | −0.109% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.129% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.054% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0063% | 1h | 0.3441 | −0.092% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.109% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0043% | 8h | 0.3441 | −0.089% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0027% | 8h | 0.3440 | −0.108% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3441 | −0.078% | $99.3M | $49.0M | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.098% | $196K | $1.1M | 25x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | −0.077% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.038% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0006% | 8h | 0.3441 | −0.089% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.083% | $482K | $639K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0013% | 8h | 0.3441 | −0.095% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0031% | 1h | 0.3441 | −0.083% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0052% | 8h | 0.3441 | −0.086% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0071% | 8h | 0.3441 | −0.086% | — | $40.0M | — | as long as short |
| Phemex TRXUSDT | +0.0072% | 8h | 0.3441 | −0.080% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDTshort | +0.0074% | 8h | 0.3441 | −0.074% | $9.4M | $2.1M | 75x | |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.128% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | −0.027% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | −0.086% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.022% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | −0.092% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.087% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.092% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3444 | long leg | $196K | $917K | 30x | |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3441 | −0.077% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0138% | 1h | 0.3443 | −0.032% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0319% | 1h | 0.3445 | +0.038% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.051% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]