Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.002%

Price spread now: MEXC against gTrade (Gains Network)+0.006%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2742.743% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.006%, 7d avg −0.020%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.026% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRX/USD	0.3474	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	19m 20s	$122K	—	150x
Short	MEXC TRX_USDT	0.3474	0.0100	get 0.0100% / 8h	6h 19m	$18.7M	$2.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: $20.34
Price spread: +0.006% → −0.020%: $2.57
Slippage, 4 orders: −$260.3
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$251.39
Costs to cover: 2.743%
Break-even: 93.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 50 min ago; MEXC: 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 gTrade (Gains Network) virtual book (oracle venue), 50 min ago	130.01 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell MEXC live order book, 4 min ago	0.14 bp	2.1 bp −$2	4.8 bp −$48	27.5 bp −$2,748	40.1 bp −$20.1K

TRX on 31 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	0.3474	−0.005%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3476	+0.061%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3474	0.000%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0007%	1h	0.3474	long leg	$122K	—	150x
KuCoin TRXUSDTM	+0.0015%	8h	0.3475	+0.015%	$8.7M	$3.5M	75x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.958%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0068%	1h	0.3475	+0.023%	$59K	$4K	10x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3475	+0.015%	—	$6.5M	—	as long as short
Orderly PERP_TRX_USDC	+0.0095%	8h	0.3474	−0.003%	$14K	$122K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3474	−0.003%	$485K	$663K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0098%	8h	0.3474	−0.014%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3476	+0.041%	$13.0M	$2.5M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3474	0.000%	$960K	$672K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3474	+0.006%	$103.2M	$53.1M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3475	+0.023%	$54.6M	$10.1M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3475	+0.009%	$15.6M	$9.0M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3475	+0.012%	$9.7M	$2.7M	75x	as long as short
MEXC TRX_USDTshort	+0.0100%	8h	0.3474	+0.006%	$18.7M	$2.0M	200x
Bitget TRXUSDT	+0.0100%	8h	0.3475	+0.015%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3475	+0.016%	$567K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3475	+0.010%	$593K	$461K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3476	+0.052%	$116K	$561K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3472	−0.079%	$197K	$1.1M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3475	+0.009%	$406	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3474	−0.022%	$835K	$807K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3475	+0.009%	$3.9M	$1.7M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3474	−0.014%	$194K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3472	−0.056%	$34K	—	3x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0403% / S −0.0481%	1h	0.3474	−0.013%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0524%	1h	0.3476	+0.047%	$2.3M	$1.6M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0682%	1h	0.3478	+0.109%	$806K	$468K	25x	as long as short