Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against SunX+0.039%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 4 days (all we have)+0.154%+$15 · spread now +0.039%, 7d avg +0.079%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.039% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TRX-USDT0.34890.0100pay 0.0100% / 8h2h 19m$198K$1.3M30x
ShortBitget TRXUSDT0.34910.0100get 0.0100% / 8h2h 19m$9.9M$4.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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

Funding earned
$0
Price spread: +0.039% → +0.079%
−$3.93
Slippage, 4 orders
−$43.28
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$67.21
Costs to cover
0.633%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago13.98 bp27.4 bp −$2734.8 bp −$348doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.29 bp10.3 bp −$1019.7 bp −$197doesn't fitdoesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya TRXRUSDPERP−0.0133%1h0.3490+0.037%$520xas long as short
Phoenix TRX−0.0023%1h0.3491+0.062%$5K$14K10xas long as short
dYdX TRX-USD0.0000%1h0.3490+0.038%$183K$12K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0008%1h0.3491+0.053%$123K150xas long as short
HTX TRX-USDT+0.0031%8h0.3488−0.032%$834K$928K75xas long as short
Injective TRX/USDC PERP+0.0033%1h0.3441−1.379%$1K$163K12xas long as short
BingX TRX-USDT+0.0070%8h0.3491+0.054%$32.8Mas long as short
Lighter TRX+0.0096%1h0.3491+0.039%$488K$671K10xas long as short
Paradex TRX-USD-PERP+0.0100%8h0.3491+0.040%$9K$25120xas long as short
Orderly PERP_TRX_USDC+0.0100%8h0.3491+0.054%$14K$60K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TRX+0.0100%1h0.3493+0.120%$13.3M$2.7M10xas long as short
Aster TRXUSDT+0.0100%8h0.3492+0.077%$968K$701K75xas long as short
Binance TRXUSDT+0.0100%8h0.3492+0.075%$107.3M$62.4M75xas long as short
Bybit TRXUSDT+0.0100%8h0.3491+0.054%$54.0M$12.2M75xas long as short
OKX TRX-USDT-SWAP+0.0100%8h0.3491+0.065%$15.5M$10.4M50xas long as short
Gate TRX_USDT+0.0100%8h0.3492+0.074%$9.8M$3.1M75xas long as short
MEXC TRX_USDT+0.0100%8h0.3492+0.074%$18.9M$2.2M200xas long as short
KuCoin TRXUSDTM+0.0100%8h0.3492+0.068%$8.5M$3.5M75xas long as short
Bitget TRXUSDTshort+0.0100%8h0.3491+0.039%$9.9M$4.3M75x
Backpack TRX_USDC_PERP+0.0100%1h0.3490+0.022%$63K$5K10xas long as short
Variational Omni TRX+0.0100%8h0.3489−0.007%$570K$37Kas long as short
edgeX TRXUSDC+0.0100%4h0.3489−0.003%$595K$475K20xas long as short
ApeX Omni TRXUSDT+0.0100%1h0.3489+0.008%$116K$581K50xas long as short
SunX TRX-USDTlong+0.0100%8h0.3489long leg$198K$1.3M30x
SoDEX TRX-USD+0.0100%1h0.3492+0.068%$413$5K5xas long as short
Phemex TRXUSDT+0.0100%8h0.3492+0.077%$4.0M$2.0M50xas long as short
Extended TRX-USD+0.0104%1h0.3490+0.024%$195K$1.1M25xas long as short
Aevo TRX-PERP+0.0104%1h0.3490+0.013%$34K3xas long as short
BloFin TRX-USDT+0.0220%8h0.3490+0.022%$4.7M$4.0M50xas long as short
GMX TRX/USD [ETH-USDC]L +0.0411% / S −0.0492%1h0.3491+0.042%$20K100xas long as short
Kraken Futures PF_TRXUSD+0.0414%1h0.3492+0.087%$2.4M$1.8M25xas long as short
Deribit TRX_USDC-PERPETUAL+0.0724%1h0.3495+0.166%$904K$668K25xas long as short