Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.028%
Price spread now: KuCoin against edgeX−0.042%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.042%, 7d avg +0.019%
=Together, before fees−0.103%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3440 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $587K | $433K | 20x |
| Short | KuCoin TRXUSDTM | 0.3439 | −0.0021 | pay 0.0021% / 8h | 1h 49m | $8.7M | $3.6M | 75x |
edgeX TRXUSDC
KuCoin TRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$25.41
- Price spread: −0.042% → +0.019%
- −$6.18
- Slippage, 4 orders
- −$13.69
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$66.28
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 35 min ago; KuCoin: live order book, 4 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 edgeX live order book, 35 min ago | 0.73 bp | 5.3 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 0.14 bp | 11.7 bp −$12 | 48.7 bp −$487 | 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 | 0.3439 | −0.030% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.019% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.033% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0079% | 8h | 0.3440 | −0.010% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.048% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0035% | 1h | 0.3440 | −0.002% | $58K | $4K | 10x | as long as short |
| Aster TRXUSDT | −0.0023% | 8h | 0.3440 | −0.005% | $952K | $639K | 75x | as long as short |
| KuCoin TRXUSDTMshort | −0.0021% | 8h | 0.3439 | −0.042% | $8.7M | $3.6M | 75x | |
| HTX TRX-USDT | −0.0020% | 8h | 0.3439 | −0.053% | $826K | $714K | 75x | as long as short |
| Lighter TRX | −0.0008% | 1h | 0.3440 | −0.019% | $482K | $637K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Aster TRXUSDT
HTX TRX-USDT
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX TRX-USD | −0.0003% | 1h | 0.3440 | −0.010% | $401 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.069% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3440 | −0.019% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.038% | $121K | — | 150x | as long as short |
| MEXC TRX_USDT | +0.0007% | 8h | 0.3440 | −0.008% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0007% | 8h | 0.3440 | −0.010% | $99.3M | $48.5M | 75x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3439 | −0.038% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.049% | $1.9M | $986K | 25x | as long as short |
| BloFin TRX-USDT | +0.0029% | 8h | 0.3440 | +0.001% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0051% | 8h | 0.3440 | +0.001% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3440 | −0.010% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.057% | $33K | — | 3x | as long as short |
| BingX TRX-USDC | +0.0087% | 8h | 0.3440 | −0.016% | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.0089% | 8h | 0.3439 | −0.028% | $9.4M | $2.1M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | +0.001% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0096% | 8h | 0.3440 | −0.019% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.042% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3440 | long leg | $587K | $433K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.022% | $115K | $545K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.049% | $196K | $916K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.036% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0444% | 1h | 0.3444 | +0.112% | $832K | $411K | 25x | as long as short |
SoDEX TRX-USD
dYdX TRX-USD
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
BingX TRX-USDC
Bitget TRXUSDT
Orderly PERP_TRX_USDC
Gate TRX_USDT
Hyperliquid TRX
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL