Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: MEXC against ApeX Omni−0.049%96s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$310.311% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.312%−$31 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.049%, 7d avg −0.004%

Together, before fees−0.312%−$31 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: MEXC is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 96 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	ApeX Omni TRXUSDT	0.3483	0.0100	pay 0.0013% / 1h	47m 51s	$116K	$565K	50x
Short	MEXC TRX_USDT	0.3481	0.0100	get 0.0100% / 8h	3h 47m	$18.9M	$2.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.004%: −$4.45
Slippage, 4 orders: −$17.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.58
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; MEXC: 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 ApeX Omni live order book, 5 min ago	4.60 bp	12.6 bp −$13	96.1 bp −$961	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.14 bp	2.1 bp −$2	3.4 bp −$34	25.2 bp −$2,520	39.8 bp −$19.9K

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	0.3480	−0.079%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3482	−0.037%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3480	−0.069%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3480	−0.075%	$123K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.200%	$1K	$163K	12x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3481	−0.060%	—	$32.8M	—	as long as short
HTX TRX-USDT	+0.0092%	8h	0.3478	−0.135%	$824K	$882K	75x	as long as short
Paradex TRX-USD-PERP	+0.0096%	8h	0.3479	−0.101%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3480	−0.069%	$485K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3480	−0.072%	$15K	$44K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3484	+0.029%	$13.2M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3482	−0.023%	$964K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3481	−0.040%	$106.0M	$59.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3480	−0.072%	$53.7M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3481	−0.040%	$15.5M	$9.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3481	−0.060%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDTshort	+0.0100%	8h	0.3481	−0.049%	$18.9M	$2.2M	200x
KuCoin TRXUSDTM	+0.0100%	8h	0.3482	−0.017%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3482	−0.037%	$10.5M	$3.4M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3480	−0.089%	$62K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3480	−0.084%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3481	−0.049%	$594K	$467K	20x	as long as short
ApeX Omni TRXUSDTlong	+0.0100%	1h	0.3483	long leg	$116K	$565K	50x
SunX TRX-USDT	+0.0100%	8h	0.3478	−0.137%	$198K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3481	−0.063%	$407	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3481	−0.060%	$4.0M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3480	−0.088%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3479	−0.118%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0144%	1h	0.3481	−0.041%	$2.4M	$1.7M	25x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3480	−0.075%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3481	−0.065%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0801%	1h	0.3485	+0.053%	$849K	$531K	25x	as long as short