Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against KuCoin+0.057%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.057%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3487 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $8.5M | $3.4M | 75x |
| Short | BloFin TRX-USDT | 0.3489 | 0.0220 | get 0.0220% / 8h | 2h 06m | $4.7M | $4.0M | 50x |
KuCoin TRXUSDTM
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: +0.057% → +0.003%
- $5.46
- Slippage, 4 orders
- −$13.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$6.7
- Costs to cover
- 0.374%
- Break-even
- 8.9 days
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 7 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 KuCoin live order book, 2 min ago | 0.57 bp | 16.0 bp −$16 | 94.0 bp −$940 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.14 bp | 6.2 bp −$6 | 8.7 bp −$87 | 24.2 bp −$2,419 | doesn't fit |
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 | 0.3488 | +0.005% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3492 | +0.123% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3488 | +0.028% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3488 | +0.026% | $123K | — | 150x | as long as short |
| HTX TRX-USDT | +0.0011% | 8h | 0.3488 | +0.011% | $834K | $931K | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.331% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3488 | +0.006% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | −0.006% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3487 | −0.022% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3489 | +0.037% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
HTX TRX-USDT
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3490 | +0.066% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | +0.037% | $967K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3487 | −0.006% | $107.2M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3487 | 0.000% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3487 | −0.009% | $15.5M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3487 | −0.003% | $9.7M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | 0.000% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTMlong | +0.0100% | 8h | 0.3487 | long leg | $8.5M | $3.4M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3486 | −0.043% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3487 | −0.026% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3490 | +0.071% | $571K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3490 | +0.077% | $595K | $472K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3490 | +0.083% | $116K | $579K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3487 | −0.010% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3488 | +0.023% | $408 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3488 | +0.023% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3486 | −0.048% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | −0.027% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3489 | +0.057% | $4.7M | $4.0M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3489 | +0.032% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3489 | +0.049% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0985% | 1h | 0.3493 | +0.171% | $907K | $678K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL