Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h +0.091%

Price spread now: GMX against Aster+0.037%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.037% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRXUSDT	0.3442	−0.0027	get 0.0027% / 8h	1h 55m	$952K	$638K	75x
Short	GMX TRX/USD [ETH-USDC]	0.3443	L +0.0366% / S −0.0395%	get 0.0049% / 1h	55m 47s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $88.56
Price spread: +0.037% → 0.000%: $3.66
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $72.22
Costs to cover: 0.200%
Break-even: 1.3 days

Slippage unknown: Aster: live order book, 27 min ago; GMX: no order-book sample. 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 Aster live order book, 27 min ago	0.73 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Reya TRXRUSDPERP	−0.0133%	1h	0.3441	−0.007%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3442	+0.013%	$36K	$146K	12x	as long as short
Variational Omni TRX	−0.0087%	8h	0.3440	−0.034%	$563K	$39K	—	as long as short
Bybit TRXUSDT	−0.0081%	8h	0.3441	−0.016%	$54.7M	$8.2M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.019%	$5K	$13K	10x	as long as short
SoDEX TRX-USD	−0.0036%	1h	0.3442	+0.001%	$403	$5K	5x	as long as short
Aster TRXUSDTlong	−0.0027%	8h	0.3442	long leg	$952K	$638K	75x
HTX TRX-USDT	−0.0020%	8h	0.3441	−0.020%	$826K	$713K	75x	as long as short
KuCoin TRXUSDTM	−0.0013%	8h	0.3442	−0.001%	$8.7M	$3.7M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3443	+0.034%	$181K	$10K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3443	+0.047%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0004%	8h	0.3441	−0.004%	$15.6M	$8.8M	50x	as long as short
MEXC TRX_USDT	+0.0005%	8h	0.3442	+0.007%	$18.2M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0006%	8h	0.3442	+0.010%	$99.3M	$48.8M	75x	as long as short
Lighter TRX	+0.0008%	1h	0.3442	−0.001%	$482K	$637K	10x	as long as short
Extended TRX-USD	+0.0008%	1h	0.3441	−0.016%	$196K	$1.1M	25x	as long as short
BloFin TRX-USDT	+0.0023%	8h	0.3441	−0.004%	$4.7M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3443	+0.055%	$1.9M	$974K	25x	as long as short
Backpack TRX_USDC_PERP	+0.0034%	1h	0.3442	+0.001%	$58K	$4K	10x	as long as short
Paradex TRX-USD-PERP	+0.0055%	8h	0.3442	+0.003%	$9K	$385	20x	as long as short
Phemex TRXUSDT	+0.0075%	8h	0.3442	+0.007%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3440	−0.044%	$33K	—	3x	as long as short
BingX TRX-USDT	+0.0084%	8h	0.3442	+0.001%	—	$40.0M	—	as long as short
Bitget TRXUSDT	+0.0085%	8h	0.3442	−0.001%	$9.4M	$2.1M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3442	+0.010%	$14K	$107K	20x	as long as short
Gate TRX_USDT	+0.0097%	8h	0.3442	−0.001%	$9.7M	$2.5M	75x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.054%	$13.2M	$2.2M	10x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3441	−0.010%	$587K	$432K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	−0.004%	$115K	$547K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3444	+0.070%	$196K	$919K	30x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0206%	1h	0.3446	+0.123%	$833K	$411K	25x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0366% / S −0.0395%	1h	0.3443	+0.037%	$20K	—	100x