Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.024%

Price spread now: Paradex against dYdX−0.030%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.030% cheaper against dYdX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRX-USD	0.3474	0	get 0.0000% / 1h	16m 20s	$183K	$10K	10x
Short	Paradex TRX-USD-PERP	0.3473	0.0092	get 0.0092% / 8h	4h 16m	$9K	$251	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $19.38
Price spread: −0.030% → 0.000%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.41
Costs to cover: 0.140%
Break-even: 6.1 days

Slippage unknown: dYdX: live order book, 43 min ago; Paradex: no order-book sample. 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 dYdX live order book, 43 min ago	82.07 bp	87.1 bp −$87	91.2 bp −$912	111.1 bp −$11.1K	449.1 bp −$224.6K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 TRXRUSDPERP	−0.0133%	1h	0.3473	−0.040%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3473	−0.034%	$5K	$14K	10x	as long as short
dYdX TRX-USDlong	0.0000%	1h	0.3474	long leg	$183K	$10K	10x
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3474	−0.008%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.961%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0040%	1h	0.3473	−0.037%	$62K	$5K	10x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3474	−0.019%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERPshort	+0.0092%	8h	0.3473	−0.030%	$9K	$251	20x
Lighter TRX	+0.0096%	1h	0.3474	−0.019%	$485K	$669K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3473	−0.040%	$15K	$100K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TRX-USDT	+0.0099%	8h	0.3472	−0.079%	$833K	$855K	75x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3476	+0.061%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3473	−0.044%	$962K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3474	−0.013%	$105.3M	$58.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3473	−0.040%	$53.6M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3473	−0.031%	$15.5M	$9.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3474	−0.008%	$9.6M	$3.0M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3474	−0.011%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3474	−0.019%	$8.6M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3474	−0.022%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3472	−0.072%	$568K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3472	−0.080%	$592K	$473K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3474	−0.017%	$116K	$564K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3472	−0.059%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3473	−0.034%	$408	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3474	−0.017%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3472	−0.062%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3472	−0.074%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3473	−0.048%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3474	−0.001%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3474	−0.013%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0544%	1h	0.3477	+0.076%	$843K	$504K	25x	as long as short