Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.013%

Price spread now: Aevo against Bybit−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRXUSDT	0.3457	−0.0189	get 0.0189% / 8h	3h 22m	$53.6M	$14.2M	75x
Short	Aevo TRX-PERP	0.3456	0.0096	get 0.0012% / 1h	22m 48s	$34K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: $59.82
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: $29.27
Costs to cover: 0.270%
Break-even: 3.6 days

Slippage unknown: Bybit: live order book, 9 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 9 min ago	1.45 bp	9.2 bp −$9	11.9 bp −$119	39.5 bp −$3,951	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRX on 32 exchanges

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
Aster TRXUSDT	−0.0331%	8h	0.3457	+0.005%	$983K	$1.0M	75x	as long as short
BingX TRX-USDT	−0.0193%	8h	0.3458	+0.014%	—	$32.1M	—	as long as short
Bybit TRXUSDTlong	−0.0189%	8h	0.3457	long leg	$53.6M	$14.2M	75x
Kraken Futures PF_TRXUSD	−0.0177%	1h	0.3459	+0.047%	$2.3M	$1.8M	25x	as long as short
HTX TRX-USDT	−0.0162%	8h	0.3457	−0.002%	$825K	$883K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3457	−0.012%	$5	—	20x	as long as short
Backpack TRX_USDC_PERP	−0.0101%	1h	0.3457	0.000%	$57K	$7K	10x	as long as short
Phoenix TRX	−0.0093%	1h	0.3460	+0.075%	$5K	$14K	10x	as long as short
SoDEX TRX-USD	−0.0058%	1h	0.3458	+0.023%	$263	$5K	5x	as long as short
Variational Omni TRX	−0.0037%	8h	0.3456	−0.036%	$568K	$49K	—	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TRXUSDT	−0.0024%	8h	0.3457	0.000%	$9.7M	$4.4M	75x	as long as short
Gate TRX_USDT	−0.0015%	8h	0.3458	+0.023%	$9.4M	$3.6M	75x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3459	+0.061%	$136K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0010%	8h	0.3458	+0.023%	$15.1M	$12.0M	50x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.463%	$1K	$163K	12x	as long as short
Extended TRX-USD	+0.0048%	1h	0.3456	−0.023%	$214K	$1.5M	25x	as long as short
Binance TRXUSDT	+0.0051%	8h	0.3458	+0.029%	$103.6M	$67.3M	75x	as long as short
MEXC TRX_USDT	+0.0052%	8h	0.3458	+0.035%	$18.4M	$2.3M	200x	as long as short
Phemex TRXUSDT	+0.0073%	8h	0.3458	+0.020%	$3.9M	$2.1M	50x	as long as short
Paradex TRX-USD-PERP	+0.0073%	8h	0.3456	−0.033%	$9K	$52	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3458	+0.029%	$484K	$671K	10x	as long as short
Aevo TRX-PERPshort	+0.0096%	1h	0.3456	−0.036%	$34K	—	3x
Orderly PERP_TRX_USDC	+0.0096%	8h	0.3457	+0.012%	$14K	$72K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3461	+0.127%	$14.0M	$2.8M	10x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3457	+0.012%	$8.2M	$3.6M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3457	+0.010%	$590K	$524K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3456	−0.029%	$116K	$627K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3456	−0.032%	$196K	$1.4M	30x	as long as short
BloFin TRX-USDT	+0.0172%	8h	0.3457	+0.012%	$4.7M	$3.8M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0343%	1h	0.3461	+0.116%	$779K	$740K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0371% / S −0.0395%	1h	0.3459	+0.049%	$20K	—	100x	as long as short
dYdX TRX-USD	+0.0928%	1h	0.3458	+0.037%	$189K	$18K	10x	as long as short