Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.049%
Price spread now: BingX against ApeX Omni−0.038%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.038%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TRXUSDT | 0.3440 | 0.0100 | pay 0.0013% / 1h | 4m 46s | $115K | $544K | 50x |
| Short | BingX TRX-USDT | 0.3439 | 0.0081 | get 0.0081% / 8h | 2h 04m | — | $40.0M | — |
ApeX Omni TRXUSDT
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against ApeX Omni. 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
- −$3.99
- Price spread: −0.038% → −0.018%
- −$1.99
- Slippage, 4 orders
- −$26.31
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$52.29
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 18 min ago; BingX: live order book, 4 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 ApeX Omni live order book, 18 min ago | 6.68 bp | 18.9 bp −$19 | 135.4 bp −$1,354 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 0.29 bp | 5.3 bp −$5 | 6.5 bp −$65 | 19.1 bp −$1,906 | 42.7 bp −$21.3K |
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 | 0.3439 | −0.051% | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.031% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0085% | 8h | 0.3438 | −0.064% | $54.6M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.032% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0049% | 1h | 0.3441 | +0.003% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.012% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0031% | 8h | 0.3441 | +0.017% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3438 | −0.057% | $826K | $712K | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0004% | 8h | 0.3439 | −0.047% | $8.7M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.014% | $121K | — | 150x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
KuCoin TRXUSDTM
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0004% | 8h | 0.3440 | −0.023% | $17.9M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0004% | 8h | 0.3440 | −0.022% | $99.3M | $49.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0007% | 8h | 0.3439 | −0.041% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3439 | −0.035% | $482K | $639K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3438 | −0.057% | $196K | $1.1M | 25x | as long as short |
| BloFin TRX-USDT | +0.0017% | 8h | 0.3441 | +0.020% | $4.6M | $4.0M | 50x | as long as short |
| SoDEX TRX-USD | +0.0041% | 1h | 0.3439 | −0.026% | $403 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0056% | 8h | 0.3439 | −0.026% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3440 | −0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.067% | $33K | — | 3x | as long as short |
| BingX TRX-USDTshort | +0.0081% | 8h | 0.3439 | −0.038% | — | $40.0M | — | |
| Bitget TRXUSDT | +0.0082% | 8h | 0.3439 | −0.038% | $9.4M | $2.1M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3441 | +0.026% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3440 | −0.012% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0099% | 8h | 0.3439 | −0.029% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.023% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.017% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDTlong | +0.0100% | 1h | 0.3440 | long leg | $115K | $544K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.046% | $196K | $918K | 30x | as long as short |
| dYdX TRX-USD | +0.0105% | 1h | 0.3441 | +0.011% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0320% | 1h | 0.3444 | +0.092% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.019% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Lighter TRX
Extended TRX-USD
BloFin TRX-USDT
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Bitget TRXUSDT
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
SunX TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]