Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.055%

Price spread now: Reya against MEXC−0.031%183s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.031% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 183 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRX_USDT	0.3474	0.0100	pay 0.0100% / 8h	5h 48m	$18.9M	$2.4M	200x
Short	Reya TRXRUSDPERP	0.3473	−0.0133	pay 0.0017% / 1h	48m 21s	$5	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.031%Rate

Funding earned: −$48.97
Price spread: −0.031% → 0.000%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$62.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.14 bp	2.1 bp −$2	2.1 bp −$21	18.8 bp −$1,877	37.3 bp −$18.7K
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 exchanges

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
Aster TRXUSDT	−0.0342%	8h	0.3472	−0.062%	$961K	$936K	75x	as long as short
HTX TRX-USDT	−0.0217%	8h	0.3474	−0.017%	$831K	$885K	75x	as long as short
Reya TRXRUSDPERPshort	−0.0133%	1h	0.3473	−0.031%	$5	—	20x
Backpack TRX_USDC_PERP	−0.0062%	1h	0.3474	−0.012%	$57K	$8K	10x	as long as short
Phoenix TRX	−0.0046%	1h	0.3476	+0.055%	$5K	$14K	10x	as long as short
SoDEX TRX-USD	−0.0012%	1h	0.3474	−0.003%	$409	$5K	5x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3476	+0.056%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3478	+0.104%	$137K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.956%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3474	−0.009%	—	$6.5M	—	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0087%	8h	0.3474	−0.017%	$9K	$52	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3474	0.000%	$481K	$656K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3474	−0.017%	$14K	$71K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3478	+0.109%	$14.3M	$2.7M	10x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3474	0.000%	$106.6M	$64.2M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3473	−0.035%	$53.3M	$13.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3474	−0.014%	$15.4M	$11.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3474	−0.009%	$9.5M	$3.3M	75x	as long as short
MEXC TRX_USDTlong	+0.0100%	8h	0.3474	long leg	$18.9M	$2.4M	200x
KuCoin TRXUSDTM	+0.0100%	8h	0.3474	−0.006%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3473	−0.026%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3473	−0.046%	$576K	$28K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3474	−0.007%	$593K	$508K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3476	+0.040%	$117K	$617K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3473	−0.043%	$197K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3475	+0.020%	$3.9M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3473	−0.047%	$211K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3472	−0.055%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3475	+0.012%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0269%	1h	0.3474	−0.015%	$2.3M	$1.8M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0380%	1h	0.3478	+0.099%	$804K	$724K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0408% / S −0.0492%	1h	0.3476	+0.053%	$20K	—	100x	as long as short