TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0211%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h +0.027%

Price spread now: GMX against Deribit−0.125%7-day average — · you buy dearer than you sell

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

Long on Deribit 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—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.125% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRX_USDC-PERPETUAL	0.3460	0.0606	pay 0.0076% / 1h	15m 59s	$846K	$421K	25x
Short	GMX TRX/USD [ETH-USDC]	0.3456	L +0.0367% / S −0.0395%	get 0.0049% / 1h	15m 59s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$44.4
Price spread: −0.125% → 0.000%: −$12.48
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.89
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 58 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 Deribit live order book, 58 min ago	1.89 bp	6.2 bp −$6	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	0.3456	−0.136%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0087%	8h	0.3456	−0.131%	$8.7M	$3.5M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3457	−0.099%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3456	−0.114%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3457	−0.098%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.559%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0043%	1h	0.3456	−0.128%	$58K	$4K	10x	as long as short
Variational Omni TRX	+0.0057%	8h	0.3455	−0.155%	$564K	$37K	—	as long as short
Extended TRX-USD	+0.0080%	1h	0.3456	−0.114%	$194K	$1.0M	25x	as long as short
MEXC TRX_USDT	+0.0080%	8h	0.3456	−0.114%	$18.4M	$1.9M	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	+0.0081%	8h	0.3457	−0.085%	$100.8M	$48.0M	75x	as long as short
HTX TRX-USDT	+0.0086%	8h	0.3456	−0.112%	$830K	$755K	75x	as long as short
OKX TRX-USDT-SWAP	+0.0091%	8h	0.3458	−0.079%	$15.5M	$8.4M	50x	as long as short
Paradex TRX-USD-PERP	+0.0091%	8h	0.3456	−0.130%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0092%	8h	0.3456	−0.125%	$15K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3456	−0.114%	$484K	$630K	10x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3458	−0.053%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3456	−0.120%	$957K	$664K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3457	−0.096%	$55.1M	$8.3M	75x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3458	−0.076%	$9.7M	$2.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3457	−0.102%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3457	−0.102%	—	$32.9M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3454	−0.172%	$590K	$441K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3454	−0.174%	$115K	$565K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3453	−0.200%	$196K	$957K	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3457	−0.105%	$404	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3457	−0.090%	$3.9M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3454	−0.172%	$34K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0172%	1h	0.3458	−0.060%	$2.3M	$1.5M	25x	as long as short
BloFin TRX-USDT	+0.0201%	8h	0.3456	−0.125%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0367% / S −0.0395%	1h	0.3456	−0.125%	$20K	—	100x
Deribit TRX_USDC-PERPETUALlong	+0.0606%	1h	0.3460	long leg	$846K	$421K	25x