Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.4% APRnext payment +$1.50 per $10,000 · paid last 24h +0.025%
Price spread now: BloFin against BingX+0.012%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.012%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3470 | 0.0070 | pay 0.0070% / 8h | 4h 41m | — | $32.8M | — |
| Short | BloFin TRX-USDT | 0.3471 | 0.0220 | get 0.0220% / 8h | 4h 41m | $4.7M | $3.9M | 50x |
BingX TRX-USDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $31.5
- Price spread: +0.012% → +0.007%
- $0.42
- Slippage, 4 orders
- −$4.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $5.83
- Costs to cover
- 0.261%
- Break-even
- 5.7 days
Slippage from BingX: live order book, 13 min ago; BloFin: live order book, 2 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 BingX live order book, 13 min ago | 0.29 bp | 6.9 bp −$7 | 8.4 bp −$84 | 15.7 bp −$1,571 | 38.6 bp −$19.3K |
| Sell BloFin live order book, 2 min ago | 0.72 bp | 7.2 bp −$7 | 9.2 bp −$92 | 24.8 bp −$2,477 | 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 | 0.3470 | −0.019% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3472 | +0.037% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3471 | +0.018% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3472 | +0.039% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.847% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0038% | 1h | 0.3470 | −0.006% | $62K | $5K | 10x | as long as short |
| SoDEX TRX-USD | +0.0060% | 1h | 0.3471 | +0.003% | $406 | $5K | 5x | as long as short |
| BingX TRX-USDTlong | +0.0070% | 8h | 0.3470 | long leg | — | $32.8M | — | |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3470 | −0.010% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3471 | +0.009% | $484K | $669K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
SoDEX TRX-USD
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3470 | −0.012% | $14K | $100K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3473 | +0.086% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3470 | −0.020% | $961K | $695K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | +0.023% | $105.0M | $58.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3470 | −0.012% | $53.6M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3470 | −0.012% | $15.5M | $9.7M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3472 | +0.046% | $9.6M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3471 | +0.020% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3472 | +0.035% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3471 | +0.029% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3469 | −0.044% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3470 | −0.017% | $592K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | +0.046% | $115K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | −0.012% | $197K | $1.2M | 30x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3469 | −0.040% | $834K | $841K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3471 | +0.014% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3469 | −0.036% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3469 | −0.049% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3471 | +0.012% | $4.7M | $3.9M | 50x | |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3471 | +0.026% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3471 | +0.028% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0542% | 1h | 0.3474 | +0.103% | $843K | $503K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL