Funding arb · Price arb /

TRX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h −0.024%

Price spread now: BingX against Injective+0.017%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TRX/USDC PERP	0.3440	−0.0048	get 0.0006% / 1h	20m 46s	$1K	$129K	12x
Short	BingX TRX-USDC	0.3441	0.0069	get 0.0069% / 8h	2h 20m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $24.51
Price spread: +0.017% → 0.000%: $1.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $16.24
Costs to cover: 0.100%
Break-even: 2.4 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 10 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	0.73 bp	8.5 bp −$9	25.0 bp −$250	319.6 bp −$32.0K	doesn't fit

Injective: 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 TRXRUSDPERP	−0.0133%	1h	0.3441	+0.017%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0091%	8h	0.3440	0.000%	$54.7M	$8.2M	75x	as long as short
Variational Omni TRX	−0.0087%	8h	0.3439	−0.018%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.055%	$5K	$13K	10x	as long as short
Backpack TRX_USDC_PERP	−0.0057%	1h	0.3441	+0.017%	$58K	$5K	10x	as long as short
Injective TRX/USDC PERPlong	−0.0048%	1h	0.3440	long leg	$1K	$129K	12x
Aster TRXUSDT	−0.0045%	8h	0.3441	+0.022%	$951K	$638K	75x	as long as short
HTX TRX-USDT	−0.0027%	8h	0.3440	−0.009%	$826K	$709K	75x	as long as short
Binance TRXUSDT	−0.0001%	8h	0.3441	+0.026%	$99.3M	$49.0M	75x	as long as short
MEXC TRX_USDT	−0.0001%	8h	0.3441	+0.029%	$17.9M	$1.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	0.0000%	1h	0.3440	+0.012%	$482K	$636K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3440	+0.010%	$196K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3443	+0.078%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0006%	8h	0.3441	+0.017%	$15.6M	$8.8M	50x	as long as short
KuCoin TRXUSDTM	+0.0015%	8h	0.3441	+0.015%	$8.7M	$3.6M	75x	as long as short
SoDEX TRX-USD	+0.0025%	1h	0.3441	+0.026%	$403	$5K	5x	as long as short
Paradex TRX-USD-PERP	+0.0049%	8h	0.3441	+0.019%	$9K	$385	20x	as long as short
BingX TRX-USDCshort	+0.0069%	8h	0.3441	+0.017%	—	$6.5M	—
Bitget TRXUSDT	+0.0072%	8h	0.3441	+0.035%	$9.4M	$2.1M	75x	as long as short
Phemex TRXUSDT	+0.0072%	8h	0.3441	+0.029%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3440	−0.014%	$33K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3443	+0.082%	$1.9M	$977K	25x	as long as short
Orderly PERP_TRX_USDC	+0.0089%	8h	0.3441	+0.026%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.087%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3441	+0.020%	$9.7M	$2.5M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3441	+0.023%	$587K	$437K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	+0.026%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.096%	$196K	$917K	30x	as long as short
BloFin TRX-USDT	+0.0119%	8h	0.3441	+0.015%	$4.6M	$4.0M	50x	as long as short
dYdX TRX-USD	+0.0149%	1h	0.3443	+0.077%	$181K	$10K	10x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0311%	1h	0.3445	+0.148%	$829K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	+0.058%	$20K	—	100x	as long as short