TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.49 per $10,000 · paid last 24h −0.027%

Price spread now: Binance against BloFin+0.008%81s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$230.234% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.008%, 7d avg +0.003%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 81 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	BloFin TRX-USDT	0.3442	0.0066	pay 0.0066% / 8h	1h 19m	$4.6M	$4.0M	50x
Short	Binance TRXUSDT	0.3442	0.0018	get 0.0018% / 8h	1h 19m	$99.3M	$48.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$10.2
Price spread: +0.008% → +0.003%: $0.51
Slippage, 4 orders: −$1.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.09
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 8 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 BloFin live order book, 4 min ago	0.14 bp	6.3 bp −$6	8.1 bp −$81	20.5 bp −$2,053	doesn't fit
Sell Binance live order book, 8 min ago	0.14 bp	5.1 bp −$5	9.9 bp −$99	35.1 bp −$3,506	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	0.3441	−0.020%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	−0.015%	$1K	$163K	12x	as long as short
Variational Omni TRX	−0.0073%	8h	0.3440	−0.042%	$563K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.026%	$5K	$13K	10x	as long as short
KuCoin TRXUSDTM	−0.0055%	8h	0.3441	−0.026%	$8.7M	$3.6M	75x	as long as short
Bybit TRXUSDT	−0.0053%	8h	0.3441	−0.015%	$54.6M	$8.2M	75x	as long as short
Backpack TRX_USDC_PERP	−0.0026%	1h	0.3441	−0.015%	$58K	$4K	10x	as long as short
HTX TRX-USDT	−0.0017%	8h	0.3440	−0.049%	$826K	$719K	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3442	+0.027%	$181K	$10K	10x	as long as short
OKX TRX-USDT-SWAP	+0.0001%	8h	0.3441	−0.015%	$15.6M	$8.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3442	+0.029%	$121K	—	150x	as long as short
Aster TRXUSDT	+0.0008%	8h	0.3442	+0.017%	$957K	$658K	75x	as long as short
Extended TRX-USD	+0.0016%	1h	0.3440	−0.030%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	+0.0016%	8h	0.3442	+0.012%	$18.2M	$1.7M	200x	as long as short
Binance TRXUSDTshort	+0.0018%	8h	0.3442	+0.008%	$99.3M	$48.3M	75x
Lighter TRX	+0.0024%	1h	0.3441	−0.017%	$482K	$637K	10x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3443	+0.042%	$1.9M	$1.0M	25x	as long as short
SoDEX TRX-USD	+0.0039%	1h	0.3441	−0.003%	$402	$5K	5x	as long as short
Paradex TRX-USD-PERP	+0.0054%	8h	0.3441	−0.022%	$9K	$385	20x	as long as short
BloFin TRX-USDTlong	+0.0066%	8h	0.3442	long leg	$4.6M	$4.0M	50x
Phemex TRXUSDT	+0.0079%	8h	0.3442	0.000%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3440	−0.054%	$33K	—	3x	as long as short
Gate TRX_USDT	+0.0089%	8h	0.3441	−0.009%	$9.6M	$2.5M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3441	−0.012%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.041%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3442	+0.003%	$9.4M	$2.0M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3441	−0.006%	—	$40.0M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3441	−0.014%	$587K	$431K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3443	+0.032%	$115K	$547K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.040%	$196K	$918K	30x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0232%	1h	0.3444	+0.086%	$832K	$411K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	+0.020%	$20K	—	100x	as long as short