Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against SunX−0.081%74s7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.540% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now −0.081%, 7d avg +0.078%

Together, before fees+0.174%+ Points / potential airdropedgeX: Active · farm board+$17 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: edgeX is 0.159% cheaper against SunX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.078%. The two prices were read 74 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	SunX TRX-USDT	0.3444	0.0100	pay 0.0100% / 8h	2h 14m	$196K	$918K	30x
Short	edgeX TRXUSDC	0.3441	0.0100	get 0.0050% / 4h	2h 14m	$587K	$438K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee SunXbpFee edgeXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.078%: −$15.9
Slippage, 4 orders: −$37.02
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$69.92
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from SunX: live order book, 68 min ago; edgeX: live order book, 10 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, 68 min ago	2.99 bp	10.3 bp −$10	24.8 bp −$248	doesn't fit	doesn't fit
Sell edgeX live order book, 10 min ago	0.73 bp	5.2 bp −$5	6.6 bp −$66	doesn't fit	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	0.3441	−0.088%	$5	—	20x	as long as short
Variational Omni TRX	−0.0090%	8h	0.3439	−0.130%	$563K	$39K	—	as long as short
Bybit TRXUSDT	−0.0089%	8h	0.3440	−0.105%	$54.7M	$8.2M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	−0.044%	$5K	$13K	10x	as long as short
Backpack TRX_USDC_PERP	−0.0064%	1h	0.3442	−0.067%	$58K	$4K	10x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3440	−0.111%	$1K	$129K	12x	as long as short
Aster TRXUSDT	−0.0039%	8h	0.3441	−0.078%	$951K	$638K	75x	as long as short
HTX TRX-USDT	−0.0026%	8h	0.3440	−0.114%	$826K	$711K	75x	as long as short
Extended TRX-USD	0.0000%	1h	0.3441	−0.068%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	0.0000%	8h	0.3442	−0.059%	$17.9M	$1.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRXUSDT	+0.0001%	8h	0.3442	−0.050%	$99.4M	$49.0M	75x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3443	−0.030%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0006%	8h	0.3442	−0.050%	$15.6M	$8.8M	50x	as long as short
Lighter TRX	+0.0008%	1h	0.3442	−0.062%	$482K	$639K	10x	as long as short
KuCoin TRXUSDTM	+0.0009%	8h	0.3442	−0.059%	$8.7M	$3.6M	75x	as long as short
SoDEX TRX-USD	+0.0037%	1h	0.3442	−0.053%	$401	$5K	5x	as long as short
Paradex TRX-USD-PERP	+0.0054%	8h	0.3441	−0.088%	$9K	$385	20x	as long as short
BingX TRX-USDC	+0.0073%	8h	0.3441	−0.070%	—	$6.5M	—	as long as short
Phemex TRXUSDT	+0.0075%	8h	0.3442	−0.050%	$3.8M	$1.6M	50x	as long as short
Bitget TRXUSDT	+0.0076%	8h	0.3443	−0.038%	$9.4M	$2.1M	75x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3440	−0.112%	$33K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3444	−0.008%	$1.9M	$975K	25x	as long as short
Orderly PERP_TRX_USDC	+0.0089%	8h	0.3442	−0.059%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3444	+0.002%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3442	−0.047%	$9.7M	$2.5M	75x	as long as short
edgeX TRXUSDCshort	+0.0100%	4h	0.3441	−0.081%	$587K	$438K	20x
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	−0.082%	$115K	$541K	50x	as long as short
SunX TRX-USDTlong	+0.0100%	8h	0.3444	long leg	$196K	$918K	30x
BloFin TRX-USDT	+0.0101%	8h	0.3441	−0.076%	$4.6M	$4.0M	50x	as long as short
dYdX TRX-USD	+0.0125%	1h	0.3443	−0.034%	$181K	$10K	10x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3442	−0.049%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0386%	1h	0.3446	+0.075%	$829K	$407K	25x	as long as short