Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.040%103s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$480.477% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 3 days (all we have)+0.125%+$12 · spread now −0.040%, 7d avg +0.027%

Together, before fees+0.383%+$38 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 0.067% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 103 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	Bitget TRXUSDT	0.3463	0.0100	pay 0.0100% / 8h	7h 07m	$10.4M	$3.0M	75x
Short	ApeX Omni TRXUSDT	0.3462	0.0100	get 0.0013% / 1h	7m 50s	$115K	$566K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.027%: −$6.71
Slippage, 4 orders: −$25.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.38
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 65 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 Bitget live order book, 1 min ago	0.14 bp	9.5 bp −$10	20.3 bp −$203	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	2.76 bp	15.6 bp −$16	125.1 bp −$1,251	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	0.3461	−0.066%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0077%	8h	0.3462	−0.029%	$8.7M	$3.5M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3462	−0.035%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3462	−0.020%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3461	−0.053%	$122K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0032%	1h	0.3461	−0.069%	$59K	$4K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.638%	$1K	$163K	12x	as long as short
Variational Omni TRX	+0.0066%	8h	0.3462	−0.034%	$565K	$37K	—	as long as short
Extended TRX-USD	+0.0088%	1h	0.3461	−0.057%	$196K	$1.0M	25x	as long as short
MEXC TRX_USDT	+0.0088%	8h	0.3462	−0.038%	$18.6M	$1.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	+0.0089%	8h	0.3462	−0.024%	$101.1M	$48.9M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0092%	8h	0.3461	−0.069%	$15K	$107K	20x	as long as short
Paradex TRX-USD-PERP	+0.0093%	8h	0.3460	−0.078%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3461	−0.055%	$484K	$632K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3464	+0.020%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3462	−0.045%	$956K	$666K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3462	−0.023%	$55.0M	$8.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3462	−0.029%	$15.5M	$8.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3462	−0.032%	$9.7M	$2.6M	75x	as long as short
Bitget TRXUSDTlong	+0.0100%	8h	0.3463	long leg	$10.4M	$3.0M	75x
BingX TRX-USDT	+0.0100%	8h	0.3462	−0.040%	—	$32.9M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3461	−0.058%	$591K	$440K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3462	−0.040%	$115K	$566K	50x
SunX TRX-USDT	+0.0100%	8h	0.3458	−0.159%	$197K	$972K	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3461	−0.055%	$404	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3458	−0.156%	$831K	$777K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3462	−0.040%	$3.9M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3459	−0.128%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0172%	1h	0.3463	+0.008%	$2.3M	$1.5M	25x	as long as short
BloFin TRX-USDT	+0.0208%	8h	0.3461	−0.075%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0367% / S −0.0395%	1h	0.3461	−0.063%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0614%	1h	0.3464	+0.040%	$844K	$425K	25x	as long as short