Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.007%

Price spread now: edgeX against Paradex−0.029%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.029% cheaper against Paradex than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7.7 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRX-USD-PERP	0.3482	0.0087	pay 0.0087% / 8h	11m 03s	$9K	$251	20x
Short	edgeX TRXUSDC	0.3481	0.0100	get 0.0050% / 4h	11m 03s	$594K	$511K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $2.67
Price spread: −0.029% → 0.000%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.28
Costs to cover: 0.130%
Break-even: 41.9 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 28 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 28 min ago	0.86 bp	5.4 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit

Paradex: 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 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	0.3481	−0.011%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0086%	8h	0.3482	−0.003%	$835K	$958K	75x	as long as short
Phoenix TRX	−0.0023%	1h	0.3482	+0.012%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3484	+0.050%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3484	+0.049%	$126K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0020%	1h	0.3482	+0.006%	$62K	$5K	10x	as long as short
SoDEX TRX-USD	+0.0024%	1h	0.3482	+0.015%	$408	$5K	5x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.172%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3482	+0.003%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERPlong	+0.0087%	8h	0.3482	long leg	$9K	$251	20x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3482	+0.012%	$487K	$674K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3482	+0.009%	$14K	$63K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3486	+0.124%	$13.4M	$2.8M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3480	−0.047%	$972K	$714K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3482	+0.019%	$107.0M	$64.9M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3482	+0.006%	$53.5M	$12.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3482	+0.017%	$15.7M	$10.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3483	+0.035%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3483	+0.023%	$19.1M	$2.4M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3484	+0.063%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3481	−0.011%	$9.8M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3480	−0.053%	$569K	$30K	—	as long as short
edgeX TRXUSDCshort	+0.0100%	4h	0.3481	−0.029%	$594K	$511K	20x
ApeX Omni TRXUSDT	+0.0100%	1h	0.3483	+0.029%	$116K	$605K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3480	−0.042%	$198K	$1.4M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3483	+0.023%	$3.9M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3481	−0.023%	$206K	$1.2M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3481	−0.020%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3482	+0.015%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0296%	1h	0.3484	+0.050%	$2.3M	$1.9M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0411% / S −0.0492%	1h	0.3483	+0.048%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0456%	1h	0.3486	+0.121%	$850K	$764K	25x	as long as short