Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h 0.000%

Price spread now: Reya against HTX+0.024%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Reya is 0.024% dearer against HTX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRX-USDT	0.3472	0.0100	pay 0.0100% / 8h	5h 08m	$839K	$829K	75x
Short	Reya TRXRUSDPERP	0.3473	−0.0133	pay 0.0017% / 1h	8m 55s	$5	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now +0.024%Rate

Funding earned: −$48.98
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$64.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 55 min ago; Reya: 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 HTX live order book, 55 min ago	4.33 bp	11.1 bp −$11	14.0 bp −$140	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 TRXRUSDPERPshort	−0.0133%	1h	0.3473	+0.024%	$5	—	20x
Phoenix TRX	−0.0023%	1h	0.3476	+0.107%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3477	+0.116%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3475	+0.061%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.907%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3474	+0.035%	—	$6.5M	—	as long as short
Backpack TRX_USDC_PERP	+0.0094%	1h	0.3473	+0.021%	$59K	$4K	10x	as long as short
Lighter TRX	+0.0096%	1h	0.3474	+0.041%	$485K	$664K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0098%	8h	0.3474	+0.035%	$14K	$122K	20x	as long as short
Paradex TRX-USD-PERP	+0.0099%	8h	0.3475	+0.062%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3477	+0.116%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3474	+0.052%	$962K	$692K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3473	+0.026%	$105.1M	$57.9M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3473	+0.015%	$53.8M	$11.5M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3474	+0.038%	$15.5M	$9.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3474	+0.038%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3474	+0.041%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3474	+0.050%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3474	+0.050%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3475	+0.067%	$568K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3475	+0.066%	$593K	$470K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3474	+0.038%	$116K	$560K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3473	+0.003%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3474	+0.044%	$406	$5K	5x	as long as short
HTX TRX-USDTlong	+0.0100%	8h	0.3472	long leg	$839K	$829K	75x
Phemex TRXUSDT	+0.0100%	8h	0.3474	+0.044%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3473	+0.015%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3472	−0.010%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3474	+0.052%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3474	+0.057%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0586%	1h	0.3475	+0.066%	$2.4M	$1.7M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0657%	1h	0.3478	+0.147%	$844K	$502K	25x	as long as short