Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against Binance−0.019%46s7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as 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−$1271.266% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now −0.019%, 7d avg −0.095%

Together, before fees−0.042%−$4 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: SunX is 0.076% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.095%. The two prices were read 46 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	Binance TRXUSDT	0.3483	0.0100	pay 0.0100% / 8h	7h 32m	$107.1M	$65.3M	75x
Short	SunX TRX-USDT	0.3482	0.0100	get 0.0100% / 8h	7h 32m	$198K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.095%: $7.65
Slippage, 4 orders: −$108.6
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$118.96
Costs to cover: 1.266%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; SunX: live order book, 2 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 Binance live order book, 10 min ago	0.14 bp	5.1 bp −$5	7.6 bp −$76	39.1 bp −$3,913	doesn't fit
Sell SunX live order book, 2 min ago	32.99 bp	37.2 bp −$37	53.6 bp −$536	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
HTX TRX-USDT	−0.0215%	8h	0.3481	−0.069%	$834K	$956K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3483	−0.007%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3484	+0.026%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3485	+0.069%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3485	+0.059%	$126K	—	150x	as long as short
Kraken Futures PF_TRXUSD	+0.0020%	1h	0.3485	+0.067%	$2.4M	$1.9M	25x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.206%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0044%	1h	0.3484	+0.017%	$62K	$5K	10x	as long as short
Bybit TRXUSDT	+0.0059%	8h	0.3482	−0.020%	$53.5M	$12.8M	75x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3483	0.000%	—	$32.6M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRXUSDT	+0.0085%	8h	0.3479	−0.109%	$968K	$771K	75x	as long as short
Paradex TRX-USD-PERP	+0.0095%	8h	0.3482	−0.017%	$9K	$171	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3483	−0.003%	$488K	$672K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3484	+0.034%	$14K	$63K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3488	+0.143%	$13.4M	$2.8M	10x	as long as short
Binance TRXUSDTlong	+0.0100%	8h	0.3483	long leg	$107.1M	$65.3M	75x
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3483	−0.006%	$15.6M	$11.0M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3484	+0.040%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3483	+0.003%	$19.0M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3485	+0.060%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3482	−0.035%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3482	−0.031%	$577K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3483	0.000%	$594K	$502K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3484	+0.031%	$116K	$614K	50x	as long as short
SunX TRX-USDTshort	+0.0100%	8h	0.3482	−0.019%	$198K	$1.4M	30x
SoDEX TRX-USD	+0.0100%	1h	0.3484	+0.037%	$407	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3484	+0.034%	$3.9M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3482	−0.040%	$204K	$1.2M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3482	−0.022%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3484	+0.037%	$4.8M	$4.1M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0411% / S −0.0492%	1h	0.3485	+0.046%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0416%	1h	0.3487	+0.126%	$819K	$744K	25x	as long as short