Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against SunX−0.044%55s7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.044%, 7d avg +0.097%
=Funding pays, the price is against you. BloFin is 0.141% cheaper against SunX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.097%). If the spread goes back, that is −$14 on $10k: about 9.3 days of funding at the current rate (+$2 a day). The two prices were read 55 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 | SunX TRX-USDT | 0.3444 | 0.0100 | pay 0.0100% / 8h | 7m 38s | $196K | $928K | 30x |
| Short | BloFin TRX-USDT | 0.3443 | 0.0150 | get 0.0150% / 8h | 7m 38s | $4.6M | $4.0M | 50x |
SunX TRX-USDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.58
- Price spread: −0.044% → +0.097%
- −$14.05
- Slippage, 4 orders
- −$37.32
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$60.8
- Costs to cover
- 0.573%
- Break-even
- 47.2 days
Slippage from SunX: live order book, 55 min ago; BloFin: live order book, 6 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, 55 min ago | 7.89 bp | 14.0 bp −$14 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.14 bp | 7.1 bp −$7 | 9.2 bp −$92 | 22.2 bp −$2,220 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.090% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.028% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0095% | 8h | 0.3443 | −0.021% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0072% | 1h | 0.3443 | −0.018% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.011% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0023% | 8h | 0.3442 | −0.061% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0018% | 8h | 0.3443 | −0.035% | $827K | $732K | 75x | as long as short |
| Bybit TRXUSDT | −0.0009% | 8h | 0.3444 | −0.003% | $54.6M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | +0.008% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.022% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0030% | 8h | 0.3444 | −0.012% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0038% | 8h | 0.3444 | +0.006% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0038% | 8h | 0.3444 | −0.015% | $99.3M | $48.1M | 75x | as long as short |
| Extended TRX-USD | +0.0040% | 1h | 0.3443 | −0.031% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.023% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0075% | 8h | 0.3444 | −0.009% | $9K | $385 | 20x | as long as short |
| Aster TRXUSDT | +0.0080% | 8h | 0.3445 | +0.016% | $956K | $660K | 75x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3444 | −0.015% | $482K | $630K | 10x | as long as short |
| Gate TRX_USDT | +0.0082% | 8h | 0.3444 | −0.006% | $9.6M | $2.5M | 75x | as long as short |
| SoDEX TRX-USD | +0.0084% | 1h | 0.3444 | −0.006% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0085% | 8h | 0.3444 | −0.006% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.045% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | −0.021% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.040% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | −0.009% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3444 | −0.006% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | −0.050% | $588K | $442K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | −0.026% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3444 | long leg | $196K | $928K | 30x | |
| BloFin TRX-USDTshort | +0.0150% | 8h | 0.3443 | −0.044% | $4.6M | $4.0M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0458% | 1h | 0.3447 | +0.098% | $832K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Aster TRXUSDT
Lighter TRX
Gate TRX_USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL