Funding arb · Price arb /

TRX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.005%

Price spread now: MEXC against Extended+0.025%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.119% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.025%, 7d avg +0.047%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 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: MEXC is 0.021% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRX-USD	0.3439	0.0016	pay 0.0002% / 1h	13m 14s	$196K	$1.1M	25x
Short	MEXC TRX_USDT	0.3440	0.0017	get 0.0017% / 8h	1h 13m	$18.2M	$1.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0.21
Price spread: +0.025% → +0.047%: −$2.14
Slippage, 4 orders: −$2.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$13.88
Costs to cover: 0.119%
Break-even: 469.7 days

Slippage from Extended: live order book, 5 min ago; MEXC: live order book, just now.

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 Extended live order book, 5 min ago	0.14 bp	3.5 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.14 bp	2.8 bp −$3	4.8 bp −$48	27.0 bp −$2,700	42.5 bp −$21.2K

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	+0.007%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	+0.060%	$1K	$163K	12x	as long as short
KuCoin TRXUSDTM	−0.0071%	8h	0.3439	−0.010%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3441	+0.060%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0070%	8h	0.3439	+0.004%	$562K	$39K	—	as long as short
Bybit TRXUSDT	−0.0054%	8h	0.3439	+0.002%	$54.6M	$8.2M	75x	as long as short
Backpack TRX_USDC_PERP	−0.0033%	1h	0.3440	+0.040%	$58K	$4K	10x	as long as short
HTX TRX-USDT	−0.0021%	8h	0.3438	−0.035%	$826K	$720K	75x	as long as short
OKX TRX-USDT-SWAP	−0.0002%	8h	0.3440	+0.025%	$15.6M	$8.8M	50x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3442	+0.101%	$181K	$10K	10x	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	0.3441	+0.067%	$121K	—	150x	as long as short
Lighter TRX	+0.0008%	1h	0.3439	+0.011%	$482K	$637K	10x	as long as short
Aster TRXUSDT	+0.0013%	8h	0.3440	+0.040%	$956K	$659K	75x	as long as short
Extended TRX-USDlong	+0.0016%	1h	0.3439	long leg	$196K	$1.1M	25x
Binance TRXUSDT	+0.0016%	8h	0.3440	+0.028%	$99.3M	$48.3M	75x	as long as short
MEXC TRX_USDTshort	+0.0017%	8h	0.3440	+0.025%	$18.2M	$1.7M	200x
SoDEX TRX-USD	+0.0019%	1h	0.3440	+0.025%	$399	$5K	5x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3441	+0.061%	$1.9M	$1.0M	25x	as long as short
Paradex TRX-USD-PERP	+0.0038%	8h	0.3440	+0.018%	$9K	$385	20x	as long as short
BloFin TRX-USDT	+0.0065%	8h	0.3440	+0.025%	$4.6M	$4.0M	50x	as long as short
Phemex TRXUSDT	+0.0075%	8h	0.3440	+0.040%	$3.8M	$1.6M	50x	as long as short
Gate TRX_USDT	+0.0084%	8h	0.3440	+0.019%	$9.6M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3438	−0.039%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3440	+0.031%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.075%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3440	+0.019%	$9.4M	$2.0M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3440	+0.040%	—	$40.0M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	+0.027%	$587K	$432K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3439	+0.011%	$115K	$548K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.076%	$196K	$919K	30x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3441	+0.056%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0453%	1h	0.3444	+0.144%	$832K	$411K	25x	as long as short