Funding you earn now, next payment 16:00 UTC−0.0285%/8h= −31.2% APRnext payment −$2.85 per $10,000 · paid last 24h −0.054%
Price spread now: HTX against BingX−0.103%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.103%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.069% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDC | 0.3484 | 0.0070 | pay 0.0070% / 8h | 7h 33m | — | $6.5M | — |
| Short | HTX TRX-USDT | 0.3481 | −0.0215 | pay 0.0215% / 8h | 7h 33m | $834K | $956K | 75x |
BingX TRX-USDC
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$59.84
- Price spread: −0.103% → −0.033%
- −$6.94
- Slippage, 4 orders
- −$12.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$101.5
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; HTX: live order book, 66 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, 2 min ago | 0.72 bp | 7.0 bp −$7 | 28.3 bp −$283 | 215.5 bp −$21.6K | 854.6 bp −$427.3K |
| Sell HTX live order book, 66 min ago | 3.88 bp | 10.2 bp −$10 | 17.2 bp −$172 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDTshort | −0.0215% | 8h | 0.3481 | −0.103% | $834K | $956K | 75x | |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3483 | −0.042% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3484 | −0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3485 | +0.035% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3485 | +0.025% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3485 | +0.033% | $2.4M | $1.9M | 25x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.240% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3484 | −0.017% | $62K | $5K | 10x | as long as short |
| Bybit TRXUSDT | +0.0061% | 8h | 0.3484 | −0.006% | $53.5M | $12.8M | 75x | as long as short |
| BingX TRX-USDClong | +0.0070% | 8h | 0.3484 | long leg | — | $6.5M | — |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Bybit TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0092% | 8h | 0.3479 | −0.140% | $968K | $771K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3484 | −0.017% | $9K | $171 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3484 | −0.003% | $489K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3484 | 0.000% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3488 | +0.109% | $13.4M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | 0.000% | $107.1M | $65.3M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | +0.006% | $15.6M | $11.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | +0.003% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3484 | −0.003% | $19.0M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3485 | +0.023% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3483 | −0.034% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | −0.065% | $577K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3483 | −0.034% | $594K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | −0.003% | $116K | $614K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3482 | −0.053% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3484 | +0.003% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3484 | 0.000% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3483 | −0.035% | $204K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3482 | −0.056% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3484 | +0.003% | $4.8M | $4.1M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3485 | +0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0416% | 1h | 0.3487 | +0.092% | $819K | $744K | 25x | as long as short |
Aster TRXUSDT
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
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL