Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.025%
Price spread now: BingX against SunX+0.050%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.050%, 7d avg +0.088%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.038% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3488 | 0.0100 | pay 0.0100% / 8h | 2h 14m | $198K | $1.3M | 30x |
| Short | BingX TRX-USDC | 0.3490 | 0.0070 | get 0.0070% / 8h | 2h 14m | — | $6.5M | — |
SunX TRX-USDT
BingX TRX-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against SunX. 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
- −$6.3
- Price spread: +0.050% → +0.088%
- −$3.77
- Slippage, 4 orders
- −$42.42
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$70.49
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from SunX: live order book, 9 min ago; BingX: live order book, 6 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 SunX live order book, 9 min ago | 13.98 bp | 27.4 bp −$27 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 0.57 bp | 7.1 bp −$7 | 28.7 bp −$287 | 200.4 bp −$20.0K | 939.0 bp −$469.5K |
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 | 0.3489 | +0.037% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3491 | +0.076% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3490 | +0.066% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3490 | +0.056% | $123K | — | 150x | as long as short |
| HTX TRX-USDT | +0.0023% | 8h | 0.3487 | −0.047% | $834K | $930K | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.352% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDCshort | +0.0070% | 8h | 0.3490 | +0.050% | — | $6.5M | — | |
| Lighter TRX | +0.0096% | 1h | 0.3490 | +0.056% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3490 | +0.058% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3490 | +0.042% | $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
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 | 0.3493 | +0.136% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3491 | +0.070% | $968K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3491 | +0.096% | $107.4M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3490 | +0.053% | $54.0M | $12.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3491 | +0.070% | $15.5M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3491 | +0.067% | $9.7M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3491 | +0.076% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3490 | +0.056% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3490 | +0.050% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3489 | +0.030% | $63K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3489 | +0.022% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3490 | +0.046% | $595K | $476K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3489 | +0.039% | $116K | $580K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3488 | long leg | $198K | $1.3M | 30x | |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3490 | +0.062% | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3490 | +0.062% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3489 | +0.026% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3488 | +0.005% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | +0.053% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3490 | +0.040% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3491 | +0.087% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.1048% | 1h | 0.3495 | +0.190% | $904K | $668K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL