Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.002%

Price spread now: Aster against gTrade (Gains Network)−0.035%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2832.833% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.035%, 7d avg −0.003%

Together, before fees+0.139%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRX/USD	0.3451	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	42m 48s	$122K	—	150x
Short	Aster TRXUSDT	0.3450	0.0100	get 0.0100% / 8h	7h 42m	$957K	$657K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.35
Price spread: −0.035% → −0.003%: −$3.28
Slippage, 4 orders: −$265.31
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$266.23
Costs to cover: 2.833%
Break-even: 98.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 31 min ago; Aster: live order book, 30 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 gTrade (Gains Network) virtual book (oracle venue), 31 min ago	130.02 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell Aster live order book, 30 min ago	0.29 bp	9.0 bp −$9	doesn't fit	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	0.3449	−0.061%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0087%	8h	0.3449	−0.053%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3449	−0.062%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3450	−0.028%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0007%	1h	0.3451	long leg	$122K	—	150x
Variational Omni TRX	+0.0009%	8h	0.3447	−0.127%	$564K	$36K	—	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.300%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0035%	1h	0.3449	−0.059%	$58K	$4K	10x	as long as short
OKX TRX-USDT-SWAP	+0.0050%	8h	0.3450	−0.027%	$15.6M	$8.5M	50x	as long as short
MEXC TRX_USDT	+0.0055%	8h	0.3450	−0.042%	$18.3M	$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	+0.0056%	8h	0.3450	−0.036%	$100.0M	$47.7M	75x	as long as short
Extended TRX-USD	+0.0056%	1h	0.3449	−0.066%	$194K	$1.2M	25x	as long as short
HTX TRX-USDT	+0.0083%	8h	0.3449	−0.079%	$828K	$736K	75x	as long as short
Paradex TRX-USD-PERP	+0.0084%	8h	0.3449	−0.054%	$9K	$385	20x	as long as short
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3450	−0.039%	$14K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3450	−0.039%	$483K	$630K	10x	as long as short
Aevo TRX-PERP	+0.0096%	1h	0.3448	−0.088%	$33K	—	3x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3452	+0.022%	$13.2M	$2.2M	10x	as long as short
Aster TRXUSDTshort	+0.0100%	8h	0.3450	−0.035%	$957K	$657K	75x
Bybit TRXUSDT	+0.0100%	8h	0.3449	−0.065%	$54.8M	$8.0M	75x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3450	−0.039%	$9.6M	$2.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3450	−0.039%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3450	−0.042%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3448	−0.099%	$589K	$440K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3450	−0.048%	$115K	$570K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3449	−0.069%	$196K	$936K	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3450	−0.036%	$402	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3451	−0.019%	$3.8M	$1.6M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0173%	1h	0.3452	+0.018%	$2.1M	$1.3M	25x	as long as short
BloFin TRX-USDT	+0.0176%	8h	0.3450	−0.039%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0366% / S −0.0395%	1h	0.3451	−0.018%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0431%	1h	0.3453	+0.061%	$834K	$417K	25x	as long as short