Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: ApeX Omni against KuCoin−0.052%82s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$650.654% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.052%, 7d avg +0.008%

Together, before fees+0.410%+$41 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: ApeX Omni is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 82 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	KuCoin TRXUSDTM	0.3486	0.0100	pay 0.0100% / 8h	50m 07s	$8.5M	$3.3M	75x
Short	ApeX Omni TRXUSDT	0.3484	0.0100	get 0.0013% / 1h	50m 07s	$116K	$594K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.008%: −$6.01
Slippage, 4 orders: −$43.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.38
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; ApeX Omni: live order book, 53 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 KuCoin live order book, 8 min ago	1.00 bp	16.0 bp −$16	122.3 bp −$1,223	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	7.17 bp	16.3 bp −$16	137.5 bp −$1,375	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	0.3484	−0.052%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0071%	8h	0.3483	−0.089%	$833K	$945K	75x	as long as short
Phoenix TRX	−0.0023%	1h	0.3487	+0.009%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3486	+0.002%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3486	−0.003%	$123K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0010%	1h	0.3485	−0.034%	$62K	$5K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.299%	$1K	$163K	12x	as long as short
SoDEX TRX-USD	+0.0035%	1h	0.3486	−0.020%	$411	$5K	5x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3484	−0.052%	—	$6.5M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3486	−0.017%	$487K	$671K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0098%	8h	0.3485	−0.040%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3485	−0.040%	$14K	$60K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3489	+0.090%	$13.3M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3484	−0.073%	$971K	$712K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3486	−0.014%	$107.2M	$62.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3485	−0.037%	$53.6M	$12.5M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3486	−0.020%	$15.6M	$10.6M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3486	−0.014%	$9.6M	$3.2M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3486	−0.011%	$19.3M	$2.3M	200x	as long as short
KuCoin TRXUSDTMlong	+0.0100%	8h	0.3486	long leg	$8.5M	$3.3M	75x
Bitget TRXUSDT	+0.0100%	8h	0.3485	−0.040%	$9.8M	$4.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3484	−0.071%	$570K	$33K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3485	−0.039%	$594K	$461K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3484	−0.052%	$116K	$594K	50x
SunX TRX-USDT	+0.0100%	8h	0.3484	−0.063%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3486	−0.017%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3484	−0.061%	$212K	$942K	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3485	−0.032%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3486	−0.014%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0295%	1h	0.3486	+0.006%	$2.4M	$1.8M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3486	+0.004%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0605%	1h	0.3490	+0.105%	$908K	$689K	25x	as long as short