Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.009%

Price spread now: Gate against gTrade (Gains Network)−0.049%7-day average −0.027% · 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−$295as in the Price arb table

costs, in and out, $10k−$2932.930% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.049%, 7d avg −0.027%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.027%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.031% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRX/USD	0.3441	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	50m 39s	$121K	—	150x
Short	Gate TRX_USDT	0.3440	0.0100	get 0.0100% / 8h	2h 50m	$9.7M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: $20.37
Price spread: −0.049% → −0.027%: −$2.18
Slippage, 4 orders: −$267.99
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$274.8
Costs to cover: 2.930%
Break-even: 101.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 38 min ago; Gate: live order book, 3 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), 38 min ago	130.00 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell Gate live order book, 3 min ago	1.02 bp	11.5 bp −$12	25.2 bp −$252	35.4 bp −$3,541	62.1 bp −$31.0K

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	0.3439	−0.058%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0095%	8h	0.3439	−0.066%	$54.7M	$8.2M	75x	as long as short
BingX TRX-USDC	−0.0095%	8h	0.3439	−0.055%	—	$6.5M	—	as long as short
Variational Omni TRX	−0.0083%	8h	0.3439	−0.080%	$562K	$39K	—	as long as short
Backpack TRX_USDC_PERP	−0.0074%	1h	0.3440	−0.046%	$58K	$7K	10x	as long as short
Phoenix TRX	−0.0070%	1h	0.3441	−0.023%	$5K	$13K	10x	as long as short
Aster TRXUSDT	−0.0056%	8h	0.3439	−0.058%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	−0.066%	$1K	$100K	12x	as long as short
HTX TRX-USDT	−0.0036%	8h	0.3439	−0.080%	$826K	$705K	75x	as long as short
SoDEX TRX-USD	−0.0026%	1h	0.3440	−0.049%	$405	$5K	5x	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	0.3440	−0.046%	$99.3M	$49.4M	75x	as long as short
Lighter TRX	0.0000%	1h	0.3439	−0.060%	$483K	$628K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	−0.018%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3439	−0.068%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	0.0000%	8h	0.3440	−0.043%	$17.2M	$1.6M	200x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0007%	1h	0.3441	long leg	$121K	—	150x
OKX TRX-USDT-SWAP	+0.0011%	8h	0.3439	−0.058%	$15.6M	$8.8M	50x	as long as short
Paradex TRX-USD-PERP	+0.0044%	8h	0.3440	−0.046%	$9K	$385	20x	as long as short
KuCoin TRXUSDTM	+0.0065%	8h	0.3439	−0.069%	$8.7M	$3.6M	75x	as long as short
Bitget TRXUSDT	+0.0065%	8h	0.3439	−0.055%	$9.4M	$2.1M	75x	as long as short
Phemex TRXUSDT	+0.0078%	8h	0.3440	−0.040%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3438	−0.091%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0086%	8h	0.3439	−0.052%	$14K	$107K	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3442	+0.020%	$1.9M	$995K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.019%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDTshort	+0.0100%	8h	0.3440	−0.049%	$9.7M	$2.4M	75x
edgeX TRXUSDC	+0.0100%	4h	0.3439	−0.053%	$587K	$435K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	−0.049%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.029%	$196K	$912K	30x	as long as short
BloFin TRX-USDT	+0.0119%	8h	0.3440	−0.046%	$4.6M	$4.0M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0282%	1h	0.3444	+0.077%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0351% / S −0.0367%	1h	0.3441	−0.011%	$19K	—	100x	as long as short