Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0052%/8hpaid last 24h +0.028%
Price spread now: Bitget against gTrade (Gains Network)−0.078%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2862.863% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.057%+$6 on $10k
Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.078%, 7d avg −0.040%
Together, before fees+0.097%+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.038% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.040%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TRX/USD0.3443L +0.0003% / S −0.0007%pay 0.0000% / 1h6m 48s$121K150x
ShortBitget TRXUSDT0.34400.0055get 0.0055% / 8h4h 06m$9.4M$2.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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

Funding earned
$10.93
Price spread: −0.078% → −0.040%
−$3.8
Slippage, 4 orders
−$264.29
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$279.17
Costs to cover
2.863%
Break-even
185.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 26 min ago130.03 bp135.0 bp −$135224.8 bp −$2,2482109.1 bp −$210.9K10777.2 bp −$5.39M
Sell Bitget live order book, 1 min ago0.14 bp7.8 bp −$811.9 bp −$11925.6 bp −$2,559doesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack TRX_USDC_PERP−0.0201%1h0.3441−0.061%$60K$5K10xas long as short
Bybit TRXUSDT−0.0146%8h0.3440−0.090%$54.7M$7.7M75xas long as short
BingX TRX-USDC−0.0146%8h0.3441−0.069%$6.5Mas long as short
Injective TRX/USDC PERP−0.0135%1h0.3438−0.148%$1K$79K12xas long as short
Reya TRXRUSDPERP−0.0133%1h0.3441−0.068%$520xas long as short
Phoenix TRX−0.0093%1h0.3443−0.017%$5K$13K10xas long as short
Variational Omni TRX−0.0084%8h0.3439−0.105%$564K$42Kas long as short
Aster TRXUSDT−0.0076%8h0.3441−0.067%$952K$617K75xas long as short
SoDEX TRX-USD−0.0071%1h0.3441−0.058%$405$5K5xas long as short
Kraken Futures PF_TRXUSD−0.0045%1h0.3443+0.008%$1.8M$946K25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TRX-USDT−0.0033%8h0.3440−0.099%$828K$662K75xas long as short
Extended TRX-USD−0.0016%1h0.3441−0.074%$195K$1.1M25xas long as short
MEXC TRX_USDT−0.0013%8h0.3441−0.055%$17.1M$1.6M200xas long as short
Binance TRXUSDT−0.0013%8h0.3441−0.058%$99.3M$50.4M75xas long as short
gTrade (Gains Network) TRX/USDlongL +0.0003% / S −0.0007%1h0.3443long leg$121K150x
OKX TRX-USDT-SWAP+0.0007%8h0.3441−0.061%$15.6M$8.7M50xas long as short
Paradex TRX-USD-PERP+0.0013%8h0.3441−0.066%$8K$33420xas long as short
Lighter TRX+0.0016%1h0.3441−0.064%$486K$623K10xas long as short
Bitget TRXUSDTshort+0.0055%8h0.3440−0.078%$9.4M$2.0M75x
Phemex TRXUSDT+0.0060%8h0.3441−0.055%$3.7M$1.5M50xas long as short
Gate TRX_USDT+0.0079%8h0.3441−0.067%$9.7M$2.5M75xas long as short
Aevo TRX-PERP+0.0080%1h0.3440−0.094%$33K3xas long as short
Orderly PERP_TRX_USDC+0.0084%8h0.3441−0.058%$14K$107K20xas long as short
Hyperliquid TRX+0.0100%1h0.3444+0.015%$13.3M$2.2M10xas long as short
KuCoin TRXUSDTM+0.0100%8h0.3441−0.072%$8.6M$3.6M75xas long as short
edgeX TRXUSDC+0.0100%4h0.3441−0.067%$587K$444K20xas long as short
ApeX Omni TRXUSDT+0.0100%1h0.3440−0.098%$115K$535K50xas long as short
SunX TRX-USDT+0.0100%8h0.3443+0.005%$196K$907K30xas long as short
BloFin TRX-USDT+0.0107%8h0.3441−0.058%$4.6M$4.0M50xas long as short
dYdX TRX-USD+0.0204%1h0.3443−0.009%$183K$6K10xas long as short
GMX TRX/USD [ETH-USDC]L +0.0337% / S −0.0340%1h0.3443−0.017%$18K100xas long as short
Deribit TRX_USDC-PERPETUAL+0.0360%1h0.3445+0.059%$827K$378K25xas long as short