Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0353%/8h= +38.7% APRpaid last 24h +0.069%

Price spread now: BloFin against Reya−0.032%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. BloFin is 0.032% cheaper against Reya than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). The two prices were read 46 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	Reya TRXRUSDPERP	0.3472	−0.0133	get 0.0017% / 1h	40m 19s	$5	—	20x
Short	BloFin TRX-USDT	0.3471	0.0220	get 0.0220% / 8h	4h 40m	$4.7M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. 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 ReyabpFee BloFinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $74.18
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $53.01
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.72 bp	7.2 bp −$7	9.2 bp −$92	24.8 bp −$2,477	doesn't fit

Reya: 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 TRXRUSDPERPlong	−0.0133%	1h	0.3472	long leg	$5	—	20x
Phoenix TRX	−0.0023%	1h	0.3472	−0.006%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3471	−0.025%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3473	+0.035%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.890%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0038%	1h	0.3470	−0.049%	$62K	$5K	10x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3472	+0.003%	—	$6.5M	—	as long as short
SoDEX TRX-USD	+0.0086%	1h	0.3473	+0.017%	$404	$5K	5x	as long as short
Paradex TRX-USD-PERP	+0.0090%	8h	0.3471	−0.023%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3472	+0.011%	$484K	$669K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRX_USDC	+0.0098%	8h	0.3472	0.000%	$15K	$100K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3475	+0.078%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3471	−0.020%	$962K	$695K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3473	+0.034%	$105.0M	$58.5M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3471	−0.014%	$53.6M	$11.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3472	+0.009%	$15.5M	$9.8M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3473	+0.017%	$9.6M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3473	+0.026%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3473	+0.026%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3473	+0.035%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3469	−0.088%	$568K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3470	−0.060%	$592K	$471K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3472	+0.003%	$115K	$564K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3472	−0.001%	$197K	$1.2M	30x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3469	−0.082%	$834K	$843K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3473	+0.020%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3472	−0.006%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3471	−0.039%	$34K	—	3x	as long as short
BloFin TRX-USDTshort	+0.0220%	8h	0.3471	−0.032%	$4.7M	$3.9M	50x
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3474	+0.057%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3473	+0.021%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0553%	1h	0.3476	+0.128%	$844K	$503K	25x	as long as short