Funding you earn now, next payment 16:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.87 per $10,000 · paid last 24h +0.054%
Price spread now: BingX against HTX+0.020%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.020%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3461 | −0.0168 | get 0.0168% / 8h | 4h 50m | $829K | $886K | 75x |
| Short | BingX TRX-USDT | 0.3462 | −0.0081 | pay 0.0081% / 8h | 4h 50m | — | $32.5M | — |
HTX TRX-USDT
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.17
- Price spread: +0.020% → +0.033%
- −$1.38
- Slippage, 4 orders
- −$11.56
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$16.77
- Costs to cover
- 0.336%
- Break-even
- 13.5 days
Slippage from HTX: live order book, 56 min ago; BingX: live order book, 11 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 HTX live order book, 56 min ago | 3.41 bp | 9.4 bp −$9 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 0.29 bp | 5.3 bp −$5 | 5.3 bp −$53 | 6.7 bp −$671 | 38.0 bp −$19.0K |
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 | −0.0348% | 8h | 0.3462 | +0.017% | $977K | $992K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | −0.0302% | 1h | 0.3463 | +0.059% | $2.3M | $1.8M | 25x | as long as short |
| HTX TRX-USDTlong | −0.0168% | 8h | 0.3461 | long leg | $829K | $886K | 75x | |
| Backpack TRX_USDC_PERP | −0.0161% | 1h | 0.3462 | +0.014% | $57K | $8K | 10x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3461 | −0.010% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0088% | 8h | 0.3461 | −0.001% | $53.3M | $13.7M | 75x | as long as short |
| BingX TRX-USDTshort | −0.0081% | 8h | 0.3462 | +0.020% | — | $32.5M | — | |
| Phoenix TRX | −0.0069% | 1h | 0.3463 | +0.066% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0052% | 1h | 0.3462 | +0.028% | $405 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3463 | +0.054% | $136K | — | 150x | as long as short |
Aster TRXUSDT
Kraken Futures PF_TRXUSD
Backpack TRX_USDC_PERP
Reya TRXRUSDPERP
Bybit TRXUSDT
Phoenix TRX
SoDEX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | +0.0028% | 8h | 0.3461 | +0.002% | $9.7M | $4.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.578% | $1K | $163K | 12x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3461 | +0.014% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3462 | +0.037% | $483K | $669K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3462 | +0.031% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3466 | +0.140% | $14.2M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3463 | +0.048% | $104.9M | $66.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | +0.023% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | +0.020% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3462 | +0.031% | $18.4M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3463 | +0.054% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3460 | −0.042% | $568K | $49K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3462 | +0.018% | $590K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | +0.057% | $116K | $619K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.009% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | +0.043% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3460 | −0.032% | $219K | $1.3M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.022% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3462 | +0.034% | $4.7M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0342% | 1h | 0.3465 | +0.123% | $788K | $714K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3463 | +0.062% | $20K | — | 100x | as long as short |
| dYdX TRX-USD | +0.0456% | 1h | 0.3464 | +0.094% | $182K | $10K | 10x | as long as short |
Bitget TRXUSDT
Injective TRX/USDC PERP
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]
dYdX TRX-USD