Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.010%

Price spread now: gTrade (Gains Network) against Gate+0.051%7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

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

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.051%, 7d avg +0.027%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.024% dearer against Gate than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.027%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 3 days (−0.028% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRX_USDT	0.3439	0.0100	pay 0.0100% / 8h	2h 52m	$9.7M	$2.4M	75x
Short	gTrade (Gains Network) TRX/USD	0.3441	L +0.0003% / S −0.0007%	get 0.0001% / 1h	52m 58s	$121K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.051%Rate

Funding earned: −$19.54
Price spread: +0.051% → +0.027%: $2.39
Slippage, 4 orders: −$267.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$310.13
Costs to cover: 2.930%
Break-even: never at this rate

Slippage from Gate: live order book, just now; gTrade (Gains Network): virtual book (oracle venue), 36 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 Gate live order book, just now	1.02 bp	11.5 bp −$11	24.4 bp −$244	35.3 bp −$3,526	62.1 bp −$31.0K
Sell gTrade (Gains Network) virtual book (oracle venue), 36 min ago	130.00 bp	135.0 bp −$135	205.2 bp −$2,052	2197.0 bp −$219.7K	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	0.3440	0.000%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0095%	8h	0.3438	−0.041%	$54.7M	$8.2M	75x	as long as short
BingX TRX-USDC	−0.0094%	8h	0.3439	−0.012%	—	$6.5M	—	as long as short
Backpack TRX_USDC_PERP	−0.0085%	1h	0.3440	+0.006%	$58K	$7K	10x	as long as short
Variational Omni TRX	−0.0083%	8h	0.3437	−0.059%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3440	+0.015%	$5K	$13K	10x	as long as short
Aster TRXUSDT	−0.0056%	8h	0.3439	−0.006%	$951K	$636K	75x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	−0.015%	$1K	$100K	12x	as long as short
HTX TRX-USDT	−0.0037%	8h	0.3438	−0.041%	$826K	$705K	75x	as long as short
SoDEX TRX-USD	−0.0035%	1h	0.3440	+0.003%	$401	$5K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	−0.0024%	1h	0.3439	−0.003%	$483K	$628K	10x	as long as short
MEXC TRX_USDT	−0.0001%	8h	0.3440	+0.003%	$17.2M	$1.6M	200x	as long as short
Binance TRXUSDT	−0.0001%	8h	0.3440	+0.006%	$99.3M	$49.4M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3441	+0.034%	$181K	$10K	10x	as long as short
Extended TRX-USD	0.0000%	1h	0.3439	−0.012%	$196K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USDshort	L +0.0003% / S −0.0007%	1h	0.3441	+0.051%	$121K	—	150x
OKX TRX-USDT-SWAP	+0.0011%	8h	0.3439	−0.009%	$15.6M	$8.8M	50x	as long as short
Paradex TRX-USD-PERP	+0.0043%	8h	0.3440	+0.007%	$9K	$385	20x	as long as short
Bitget TRXUSDT	+0.0064%	8h	0.3440	+0.006%	$9.4M	$2.1M	75x	as long as short
KuCoin TRXUSDTM	+0.0068%	8h	0.3439	−0.012%	$8.7M	$3.6M	75x	as long as short
Phemex TRXUSDT	+0.0080%	8h	0.3440	+0.003%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3438	−0.041%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0086%	8h	0.3440	+0.017%	$14K	$107K	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3442	+0.070%	$1.9M	$994K	25x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3442	+0.071%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDTlong	+0.0100%	8h	0.3439	long leg	$9.7M	$2.4M	75x
edgeX TRXUSDC	+0.0100%	4h	0.3439	−0.008%	$587K	$435K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	+0.003%	$115K	$542K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.080%	$196K	$912K	30x	as long as short
BloFin TRX-USDT	+0.0119%	8h	0.3439	−0.006%	$4.6M	$4.0M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0229%	1h	0.3444	+0.125%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0351% / S −0.0367%	1h	0.3441	+0.039%	$19K	—	100x	as long as short