Funding arb · Price arb / Crypto

TRX

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LONGTxFlow▾dYdX −0.7576%Deribit −0.6617%Backpack −0.5987%SunX −0.4875%KuCoin −0.2408%TxFlow −0.2306%Orderly −0.2128%OKX −0.1884%HTX −0.1808%Phemex −0.1620%Aevo −0.1616%Gate −0.1236%Lighter −0.1168%AZverse −0.0744%Aster −0.0635%Binance −0.0609%MEXC −0.0602%Extended −0.0600%Kraken Futures −0.0592%BloFin −0.0581%Variational Omni −0.0204%ApeX Omni −0.0154%Paradex −0.0115%Bitget −0.0088%BingX −0.0022%Bybit −0.0010%edgeX +0.0077%gTrade (Gains Network) +0.0082%Lighter RH +0.0096%SoDEX +0.0100%Phoenix +0.0151%GMX +0.0151%Hyperliquid +0.0232%

⇄⇅

SHORTInjective▾Hyperliquid +0.0232%Phoenix +0.0151%SoDEX +0.0100%Lighter RH +0.0096%edgeX +0.0077%GMX −0.0014%Bybit −0.0010%BingX −0.0022%gTrade (Gains Network) +0.0035%Bitget −0.0088%Paradex −0.0115%ApeX Omni −0.0154%Variational Omni −0.0204%BloFin −0.0581%Kraken Futures −0.0592%Extended −0.0600%MEXC −0.0602%Binance −0.0609%Aster −0.0635%AZverse −0.0744%Lighter −0.1168%Gate −0.1236%Aevo −0.1616%Phemex −0.1620%HTX −0.1808%OKX −0.1884%Orderly −0.2128%KuCoin −0.2408%SunX −0.4875%Injective −0.5000%Backpack −0.5987%Deribit −0.6617%dYdX −0.7576%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowTRX-USDC	0.3171	−0.2306	get 0.0288% / 1h	12m 26s	$80K	$421K	50x	Long TxFlow5% off
SHORT	InjectiveTRX/USDC PERP	0.3158	−0.5000	pay 0.0625% / 1h	12m 26s	$6K	$57K	10x	Short Injective

Price gap−0.401%58s

Funding gap−0.2694% /8h

Both sides work against this direction now: funding costs $81 a day on $10k and the gap is 0.401% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.754% in total, about +0.0359%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.401%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

TxFlowInjective

TRX on 34 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Injective: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $1,000

  TxFlow 50x, Injective 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long TxFlow · 1h+$69.18

  Short Injective · 1h−$150.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$80.82Long TxFlow: 24 payments, +$69.18; short Injective: 24 payments, −$150.00.
• !
  Watch: Prices read 58 s apart−0.401% vs —

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$6K vs $80K OI

  Injective sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legTxFlow No · Injective No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0359%/8h × 21 periods+$75.44

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee TxFlow bp × 2 orders−$9.00

Fee Injective bp × 2 orders−$0.02

Net, fees only · 7 days · $10k+$66.42

price spread not counted: prices read too far apart

Costs to cover0.090%Break-even0.8 days

Slippage: TxFlow: live order book, 65 min ago; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow0.475.2 bp−$511.2 bp−$112doesn’t fitdoesn’t fit

SELL · SHORTInjective—————

Closing costs about the same again.
Injective: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

TRX news

posts that mention TRX, from every exchangeSearch all news →

10-31 07:02	HTX	Other	💎 10% APY. 7 Days. $100M Up for Grabs! HTX Winter Earn is heating things up! 💰 10% APY on $BTC, $ETH, $TRX, $USDT, $USDC, $USDS, and ethereum:0x4f8e5de400de08b164e7421b3ee387f461becd1a. ⏳ 7-day fixed term 💎 $100M total allocation First come, first served. Don't miss your spot! @HTX_Global on X ↗
10-23 14:30	Lighter RH	Listing	new market TRX ($TRX) seen by our collector
10-15 08:00	HTX	Other	HTX October 2026 Proof of Reserves: All Major Assets Above 100% HTX’s latest Merkle Tree Proof of Reserves (PoR), as of October 1, 2026 (UTC+8), shows reserve ratios above 100% across all major assets, supporting its commitment to 1:1 backing and ensuring users can trade and withdraw their assets. HTX has published PoR data for 48 consecutive months, providing users with an ongoing, verifiable view of its reserves. To simplify reporting, USD-pegged stablecoins, including USDT, USDC, and USDD, are now grouped under USDs for an overview of total USD-denominated reserves. Each stablecoin is still recorded and verified independently, and the aggregation does not affect asset security. Latest reserve ratios: • BTC: 104% ETH: 102% TRX: 108% • USDs (USDT, USDC, USDD, & other stables): 104% • HTX: 103% XRP: 105% DOGE: 102% SOL: 109% View the full report on the HTX Proof of Reserves page: HTX will continue to uphold its 1:1 reserve principle through verifiable data, traceable on-chain assets, and regular disclosures, giving users greater transparency into how their assets are backed. @HTX_Global on X ↗
10-13 10:00	HTX	Contest	Trade 15 Hot Cryptos, Share $150,000! HTX Spot Hot Token Challenge goes live. Climb the leaderboard, grab exclusive new user perks, and enjoy volume boosts with 3x rewards. Eligible Assets: BTC, ETH, XMR, SOL, LTC, TRX, XRP, DOGE, BTW, ZEC, ADA, UNI, GRAM, FIL, SUI! Register Now >> @HTX_Global on X ↗
10-03 07:43	Phemex	Other	A reserve ratio only matters if you can check your own balance. Latest snapshot: BTC 103.13%, ETH 123.79%, USD* 100.60%, SOL 141.42%. AVAX 143.43%. TRX 123.86%. XRP 157.03%. SUI 157.58%. All are above 100%. That is wallet assets versus customer liabilities, not a marketing average. Verify the leaf, not the graphic: @Phemex_official on X ↗
09-25 14:03	Bitget	Other	𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧 𝗨𝗣𝗗𝗔𝗧𝗘𝗦: The withdrawal plan will be announced by September 26th, 4:00 AM UTC. We appreciate your patience on this matter. Based on the latest onchain tracing and classification of transactions, assets equivalent to approximately $387.5 million were transferred to attacker-controlled addresses across multiple networks. The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON that were not included in the initial estimate. It does not reflect further unauthorized transfers. The incident remains contained and no further unauthorized transfers are possible. The incident involved assets across Ethereum and several EVM networks, XRP Ledger, Zcash and TRON. The primary attacker-controlled receiving addresses identified to date are: → EVM: 0x770b10b273fc44fe9197d6bf20f145c2e98463ee → XRP: rwNhefsz1UQEusxhCvHip3RANinWi4CTck → ZEC: t1WgMdtND8NF7NDUuYmq8MpMj1NTCXkMDVG → TRON: TBWNguTTgezw9dVorX441C6nDrZpRxYwKD The confirmed affected assets include XRP, ETH, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX and TRX. Our investigation and tracing efforts remain ongoing. The figures above reflect information confirmed at the time of publication and may be updated as additional transactions are classified and traced. The incident remains contained, with no further unauthorized transfers since the incident was contained, and the investigation with Mandiant and SlowMist remains ongoing Withdrawals remain temporarily paused while additional security checks and remediation are underway. Bitget will continue to provide verified updates on the investigation, asset recovery, withdrawal restoration and the User Protection Fund through its official channels. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺. @bitget on X ↗