TRX funding rates and arbitrage
Updated 2026-11-11 23:57 UTC
Best TRX arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| TRX | Perp ↔ perp | Binance TRXUSDT | BingX TRX-USDT | — | — | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
TRX funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Kraken | PF_TRXUSD | 0.0018% | 1 h | +15.5% | −9.4% | $1.1M | 2026-11-12 00:00 |
| Phoenix | TRX | 0.0013% | 1 h | +11.0% | +8.6% | — | 2026-11-12 00:00 |
| KuCoin | TRXUSDTM | 0.0050% | 4 h | +10.9% | −6.4% | $13M | 2026-11-12 00:00 |
| HTX | TRX-USDT | 0.0100% | 8 h | +10.9% | +2.2% | $431.6K | 2026-11-12 00:00 |
| Variational | TRX-PERP | 0.0100% | 8 h | +10.9% | −3.0% | $376.1K | 2026-11-12 00:00 |
| BingX | TRX-USDT | 0.0083% | 8 h | +9.1% | +0.8% | $1.5M | 2026-11-12 00:00 |
| Bybit | TRXUSDT | 0.0079% | 8 h | +8.7% | −8.4% | $59.8M | 2026-11-12 00:00 |
| Bitfinex | tTRXF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $213.6K | 2026-11-12 00:00 |
| dYdX | TRX-USD | 0.0000% | 1 h | 0.0% | +5.8% | $173.4K | 2026-11-12 00:00 |
| WhiteBIT | TRX_PERP | -0.0012% | 8 h | −1.4% | −1.1% | $16.3M | 2026-11-12 00:00 |
| Aster | TRXUSDT | -0.0038% | 8 h | −4.2% | −3.0% | $751.5K | 2026-11-12 00:00 |
| Gate | TRX_USDT | -0.0039% | 8 h | −4.3% | +2.7% | $37.4M | 2026-11-12 00:00 |
| Phemex | TRXUSDT | -0.0050% | 8 h | −5.4% | — | $3.4M | 2026-11-12 00:00 |
| OKX | TRX-USDT-SWAP | -0.0059% | 8 h | −6.4% | −7.8% | $23.3M | 2026-11-12 00:00 |
| BloFin | TRX-USDT | -0.0059% | 8 h | −6.5% | −1.0% | $3M | 2026-11-12 00:00 |
| Bitunix | TRXUSDT | -0.0061% | 8 h | −6.7% | −1.3% | — | 2026-11-12 00:00 |
| LBank | TRXUSDT | -0.0063% | 8 h | −6.9% | −4.4% | — | 2026-11-12 00:00 |
| MEXC | TRX_USDT | -0.0064% | 8 h | −7.0% | −1.6% | $9.6M | 2026-11-12 00:00 |
| Extended | TRX-USD | -0.0008% | 1 h | −7.0% | −1.7% | $158.9K | 2026-11-12 00:00 |
| WOO X | PERP_TRX_USDT | -0.0064% | 8 h | −7.0% | −1.6% | $4.2K | 2026-11-12 00:00 |
| Binance | TRXUSDT | -0.0065% | 8 h | −7.1% | −1.6% | $64.1M | 2026-11-12 00:00 |
| Lighter RH | TRX | -0.0011% | 1 h | −9.6% | +3.3% | $161.4K | 2026-11-12 00:00 |
| Bitget | TRXUSDT | -0.0124% | 8 h | −13.6% | −6.6% | $9.4M | 2026-11-12 00:00 |
| TXFlow | TRX-USDC | -0.0018% | 1 h | −16.0% | — | $58.7K | 2026-11-12 00:00 |
| ApeX | TRX-USDT | -0.0018% | 1 h | −16.1% | −0.9% | $270.7K | 2026-11-12 00:00 |
| Lighter | TRX | -0.0019% | 1 h | −16.6% | −7.7% | $295.3K | 2026-11-12 00:00 |
| Paradex | TRX-USD-PERP | -0.0164% | 8 h | −18.0% | — | $8K | 2026-11-12 00:00 |
| Backpack | TRX_USDC_PERP | -0.0027% | 1 h | −23.2% | −17.1% | $191.5K | 2026-11-12 00:00 |
| Hyperliquid | TRX | -0.0027% | 1 h | −23.6% | −2.3% | $11.7M | 2026-11-12 00:00 |
Borrow TRX to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 2.49% | $240K |
| Binance | 10.65% | — |
| OKX | 13.81% | — |
| Bybit | 15.98% | — |
| Bitget | — | — |
Cost to enter $10,000 of TRX
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | TRX | 2.9 bp | order-book snapshot, 25 min old |
| Extended | TRX-USD | 3.4 bp | order-book snapshot, 40 min old |
| BloFin | TRX-USDT | 6.5 bp | order-book snapshot, 52 min old |
| KuCoin | TRXUSDTM | 11.1 bp | order-book snapshot, 8 min old |
| HTX | TRX-USDT | 12.2 bp * | order-book snapshot, 12 min old |
| WhiteBIT | TRX_PERP | 18.7 bp | order-book snapshot, 42 min old |
| dYdX | TRX-USD | 70.3 bp | order-book snapshot, 4 min old |
| Lighter | TRX | 1.1 bp | top of book only |
| MEXC | TRX_USDT | 2.2 bp | top of book only |
| Binance | TRXUSDT | 5.2 bp | top of book only |
| Kraken | PF_TRXUSD | 5.2 bp | top of book only |
| OKX | TRX-USDT-SWAP | 5.2 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on TRX
Questions
Is TRX funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no TRX pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest TRX funding rate?
Kraken at +15.5% a year (0.0018% every 1 h); the lowest is Hyperliquid at −23.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.