Funding arb · Price arb /

TRX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.009%

Price spread now: Aster against SoDEX+0.023%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.023% dearer against SoDEX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRX-USD	0.3444	0.0088	pay 0.0011% / 1h	27m 07s	$400	$5K	5x
Short	Aster TRXUSDT	0.3445	0.0060	get 0.0060% / 8h	27m 07s	$956K	$659K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.06
Price spread: +0.023% → 0.000%: $2.32
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 51 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 51 min ago	0.14 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Injective TRX/USDC PERP	−0.0146%	1h	0.3441	−0.084%	$1K	$163K	12x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3443	−0.012%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0092%	8h	0.3443	−0.026%	$8.7M	$3.6M	75x	as long as short
Backpack TRX_USDC_PERP	−0.0071%	1h	0.3444	−0.009%	$58K	$4K	10x	as long as short
Phoenix TRX	−0.0070%	1h	0.3445	+0.029%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0038%	8h	0.3443	−0.023%	$563K	$36K	—	as long as short
HTX TRX-USDT	−0.0023%	8h	0.3443	−0.035%	$827K	$729K	75x	as long as short
Bybit TRXUSDT	−0.0020%	8h	0.3444	+0.003%	$54.7M	$8.0M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3445	+0.045%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3445	+0.033%	$121K	—	150x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	+0.0020%	8h	0.3444	−0.003%	$15.6M	$8.8M	50x	as long as short
MEXC TRX_USDT	+0.0031%	8h	0.3444	0.000%	$18.2M	$1.9M	200x	as long as short
Binance TRXUSDT	+0.0032%	8h	0.3444	+0.003%	$99.3M	$47.8M	75x	as long as short
Extended TRX-USD	+0.0032%	1h	0.3443	−0.018%	$196K	$1.1M	25x	as long as short
Aster TRXUSDTshort	+0.0060%	8h	0.3445	+0.023%	$956K	$659K	75x
Kraken Futures PF_TRXUSD	+0.0062%	1h	0.3445	+0.032%	$1.9M	$1.0M	25x	as long as short
Paradex TRX-USD-PERP	+0.0069%	8h	0.3444	−0.009%	$9K	$385	20x	as long as short
Phemex TRXUSDT	+0.0084%	8h	0.3444	+0.003%	$3.8M	$1.6M	50x	as long as short
Gate TRX_USDT	+0.0085%	8h	0.3443	−0.017%	$9.6M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3442	−0.048%	$33K	—	3x	as long as short
SoDEX TRX-USDlong	+0.0088%	1h	0.3444	long leg	$400	$5K	5x
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3443	−0.020%	$14K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3443	−0.015%	$482K	$630K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3446	+0.055%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3444	+0.017%	$9.5M	$2.2M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3443	−0.015%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3444	−0.010%	$588K	$437K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3445	+0.032%	$115K	$565K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3445	+0.030%	$196K	$924K	30x	as long as short
BloFin TRX-USDT	+0.0127%	8h	0.3444	0.000%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3445	+0.019%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0516%	1h	0.3448	+0.118%	$830K	$414K	25x	as long as short