Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)−0.045%68s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2812.805% of the position

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.045%, 7d avg −0.044%

Together, before fees+0.008%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 68 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	gTrade (Gains Network) TRX/USD	0.3476	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	47m 47s	$137K	—	150x
Short	edgeX TRXUSDC	0.3474	0.0100	get 0.0050% / 4h	1h 47m	$593K	$508K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $20.28
Price spread: −0.045% → −0.044%: −$0.07
Slippage, 4 orders: −$261.51
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$260.3
Costs to cover: 2.805%
Break-even: 96.8 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 64 min ago; edgeX: live order book, 64 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 gTrade (Gains Network) virtual book (oracle exchange), 64 min ago	130.02 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell edgeX live order book, 64 min ago	0.72 bp	5.2 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit

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	−0.0342%	8h	0.3472	−0.103%	$961K	$936K	75x	as long as short
HTX TRX-USDT	−0.0215%	8h	0.3473	−0.074%	$831K	$884K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3473	−0.070%	$5	—	20x	as long as short
Backpack TRX_USDC_PERP	−0.0063%	1h	0.3473	−0.058%	$57K	$8K	10x	as long as short
Phoenix TRX	−0.0046%	1h	0.3476	+0.016%	$5K	$14K	10x	as long as short
SoDEX TRX-USD	−0.0012%	1h	0.3474	−0.041%	$409	$5K	5x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3476	+0.017%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0008%	1h	0.3476	long leg	$137K	—	150x
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.994%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3474	−0.047%	—	$6.5M	—	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0087%	8h	0.3474	−0.056%	$9K	$52	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3474	−0.038%	$481K	$656K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3474	−0.056%	$14K	$71K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3478	+0.071%	$14.3M	$2.7M	10x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3474	−0.038%	$106.6M	$64.2M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3473	−0.073%	$53.3M	$13.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3473	−0.058%	$15.4M	$11.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3474	−0.044%	$9.5M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3474	−0.038%	$18.9M	$2.4M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3474	−0.056%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3473	−0.064%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3473	−0.084%	$576K	$28K	—	as long as short
edgeX TRXUSDCshort	+0.0100%	4h	0.3474	−0.045%	$593K	$508K	20x
ApeX Omni TRXUSDT	+0.0100%	1h	0.3476	+0.002%	$117K	$617K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3473	−0.081%	$197K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3475	−0.021%	$3.9M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3473	−0.085%	$211K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3472	−0.094%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3475	−0.027%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0269%	1h	0.3474	−0.053%	$2.3M	$1.8M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0380%	1h	0.3478	+0.061%	$804K	$724K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0408% / S −0.0492%	1h	0.3475	−0.008%	$20K	—	100x	as long as short