Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: SunX against Bitget−0.006%50s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$590.588% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now −0.006%, 7d avg −0.082%

Together, before fees−0.008%−$1 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 Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 50 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	Bitget TRXUSDT	0.3442	0.0100	pay 0.0100% / 8h	1h 26m	$9.4M	$2.0M	75x
Short	SunX TRX-USDT	0.3442	0.0100	get 0.0100% / 8h	1h 26m	$196K	$918K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.082%: $7.57
Slippage, 4 orders: −$38.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.23
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 46 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 Bitget live order book, 2 min ago	0.14 bp	6.8 bp −$7	12.7 bp −$127	32.5 bp −$3,252	doesn't fit
Sell SunX live order book, 46 min ago	6.51 bp	24.5 bp −$25	32.6 bp −$326	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
Reya TRXRUSDPERP	−0.0133%	1h	0.3441	−0.032%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	−0.026%	$1K	$163K	12x	as long as short
Variational Omni TRX	−0.0082%	8h	0.3439	−0.082%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	−0.009%	$5K	$13K	10x	as long as short
Bybit TRXUSDT	−0.0064%	8h	0.3441	−0.026%	$54.7M	$8.2M	75x	as long as short
KuCoin TRXUSDTM	−0.0050%	8h	0.3441	−0.035%	$8.7M	$3.6M	75x	as long as short
HTX TRX-USDT	−0.0021%	8h	0.3438	−0.127%	$825K	$717K	75x	as long as short
Backpack TRX_USDC_PERP	−0.0013%	1h	0.3441	−0.020%	$58K	$4K	10x	as long as short
Aster TRXUSDT	−0.0001%	8h	0.3442	−0.010%	$957K	$658K	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3442	+0.015%	$181K	$10K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	0.0000%	8h	0.3441	−0.023%	$15.6M	$8.8M	50x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3443	+0.024%	$121K	—	150x	as long as short
SoDEX TRX-USD	+0.0006%	1h	0.3441	−0.038%	$405	$5K	5x	as long as short
Lighter TRX	+0.0008%	1h	0.3441	−0.026%	$482K	$637K	10x	as long as short
MEXC TRX_USDT	+0.0012%	8h	0.3442	−0.003%	$18.2M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0014%	8h	0.3442	0.000%	$99.3M	$48.3M	75x	as long as short
Extended TRX-USD	+0.0016%	1h	0.3441	−0.036%	$196K	$1.1M	25x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3442	+0.014%	$1.9M	$1.0M	25x	as long as short
BloFin TRX-USDT	+0.0049%	8h	0.3440	−0.052%	$4.6M	$4.0M	50x	as long as short
Paradex TRX-USD-PERP	+0.0050%	8h	0.3441	−0.030%	$9K	$385	20x	as long as short
Phemex TRXUSDT	+0.0071%	8h	0.3441	−0.023%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3439	−0.085%	$33K	—	3x	as long as short
Gate TRX_USDT	+0.0089%	8h	0.3441	−0.023%	$9.6M	$2.5M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3441	−0.015%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.035%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDTlong	+0.0100%	8h	0.3442	long leg	$9.4M	$2.0M	75x
BingX TRX-USDC	+0.0100%	8h	0.3441	−0.017%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	−0.064%	$587K	$430K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	−0.015%	$115K	$548K	50x	as long as short
SunX TRX-USDTshort	+0.0100%	8h	0.3442	−0.006%	$196K	$918K	30x
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	+0.012%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0430%	1h	0.3444	+0.066%	$832K	$411K	25x	as long as short