Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.001%
Price spread now: ApeX Omni against BloFin+0.075%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$410.415% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.075%, 7d avg +0.007%
Together, before fees+0.134%+$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.068% dearer against BloFin than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.007%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TRX-USDT0.34800.0220pay 0.0220% / 8h3h 47m$4.7M$3.9M50x
ShortApeX Omni TRXUSDT0.34830.0100get 0.0013% / 1h47m 42s$116K$565K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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

Funding earned
−$25.2
Price spread: +0.075% → +0.007%
$6.8
Slippage, 4 orders
−$19.48
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$59.88
Costs to cover
0.415%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago0.14 bp8.6 bp −$910.6 bp −$10615.8 bp −$1,583doesn't fit
Sell ApeX Omni live order book, 5 min ago4.60 bp14.2 bp −$14118.2 bp −$1,182doesn't fitdoesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya TRXRUSDPERP−0.0133%1h0.3480−0.005%$520xas long as short
Phoenix TRX−0.0046%1h0.3482+0.037%$5K$14K10xas long as short
dYdX TRX-USD0.0000%1h0.3480+0.006%$183K$10K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0008%1h0.3480−0.001%$123K150xas long as short
Injective TRX/USDC PERP+0.0033%1h0.3441−1.126%$1K$163K12xas long as short
BingX TRX-USDT+0.0070%8h0.3482+0.046%$32.8Mas long as short
HTX TRX-USDT+0.0092%8h0.3478−0.061%$824K$882K75xas long as short
Paradex TRX-USD-PERP+0.0096%8h0.3482+0.038%$9K$25120xas long as short
Lighter TRX+0.0096%1h0.3481+0.026%$486K$671K10xas long as short
Orderly PERP_TRX_USDC+0.0099%8h0.3480+0.003%$15K$44K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TRX+0.0100%1h0.3484+0.103%$13.2M$2.7M10xas long as short
Aster TRXUSDT+0.0100%8h0.3482+0.052%$964K$696K75xas long as short
Binance TRXUSDT+0.0100%8h0.3482+0.037%$106.0M$59.4M75xas long as short
Bybit TRXUSDT+0.0100%8h0.3481+0.023%$53.7M$11.7M75xas long as short
OKX TRX-USDT-SWAP+0.0100%8h0.3482+0.052%$15.5M$9.9M50xas long as short
Gate TRX_USDT+0.0100%8h0.3481+0.017%$9.7M$2.9M75xas long as short
MEXC TRX_USDT+0.0100%8h0.3482+0.055%$18.9M$2.2M200xas long as short
KuCoin TRXUSDTM+0.0100%8h0.3482+0.057%$8.6M$3.5M75xas long as short
Bitget TRXUSDT+0.0100%8h0.3482+0.060%$10.5M$3.4M75xas long as short
Backpack TRX_USDC_PERP+0.0100%1h0.3480−0.014%$62K$5K10xas long as short
Variational Omni TRX+0.0100%8h0.3480−0.009%$569K$37Kas long as short
edgeX TRXUSDC+0.0100%4h0.3481+0.025%$594K$467K20xas long as short
ApeX Omni TRXUSDTshort+0.0100%1h0.3483+0.075%$116K$565K50x
SunX TRX-USDT+0.0100%8h0.3478−0.063%$198K$1.2M30xas long as short
SoDEX TRX-USD+0.0100%1h0.3481+0.011%$407$5K5xas long as short
Phemex TRXUSDT+0.0100%8h0.3481+0.014%$4.0M$1.9M50xas long as short
Extended TRX-USD+0.0104%1h0.3481+0.026%$195K$1.0M25xas long as short
Aevo TRX-PERP+0.0104%1h0.3479−0.043%$34K3xas long as short
Kraken Futures PF_TRXUSD+0.0144%1h0.3481+0.034%$2.4M$1.7M25xas long as short
BloFin TRX-USDTlong+0.0220%8h0.3480long leg$4.7M$3.9M50x
GMX TRX/USD [ETH-USDC]L +0.0404% / S −0.0481%1h0.3481+0.009%$20K100xas long as short
Deribit TRX_USDC-PERPETUAL+0.0801%1h0.3485+0.128%$849K$531K25xas long as short