Funding you earn now, next payment 00:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.076%
Price spread now: BloFin against GMX−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$8 a day on $10k at the current rate, and BloFin is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 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 | GMX TRX/USD [ETH-USDC] | 0.3443 | L +0.0365% / S −0.0395% | pay 0.0046% / 1h | 54m 32s | $20K | — | 100x |
| Short | BloFin TRX-USDT | 0.3442 | 0.0085 | get 0.0085% / 8h | 54m 32s | $4.6M | $4.0M | 50x |
GMX TRX/USD [ETH-USDC]
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.91
- Price spread: −0.047% → 0.000%
- −$4.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$87.61
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 4 min ago | 0.14 bp | 6.1 bp −$6 | 7.5 bp −$75 | 22.8 bp −$2,279 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0150% | 1h | 0.3442 | −0.044% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.064% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3442 | −0.037% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3442 | −0.035% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.035% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0060% | 8h | 0.3440 | −0.092% | $563K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0042% | 8h | 0.3442 | −0.047% | $54.6M | $8.1M | 75x | as long as short |
| HTX TRX-USDT | −0.0026% | 8h | 0.3440 | −0.106% | $826K | $723K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.021% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.012% | $121K | — | 150x | as long as short |
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0003% | 8h | 0.3442 | −0.024% | $15.6M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.0021% | 8h | 0.3442 | −0.024% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0021% | 8h | 0.3442 | −0.025% | $99.3M | $47.8M | 75x | as long as short |
| Extended TRX-USD | +0.0024% | 1h | 0.3442 | −0.042% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0030% | 8h | 0.3443 | −0.010% | $956K | $659K | 75x | as long as short |
| Lighter TRX | +0.0040% | 1h | 0.3442 | −0.035% | $482K | $630K | 10x | as long as short |
| SoDEX TRX-USD | +0.0044% | 1h | 0.3442 | −0.024% | $403 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3442 | −0.042% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3444 | +0.028% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3442 | −0.027% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDTshort | +0.0085% | 8h | 0.3442 | −0.047% | $4.6M | $4.0M | 50x | |
| Gate TRX_USDT | +0.0086% | 8h | 0.3443 | −0.012% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.076% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3442 | −0.041% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.028% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | −0.024% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3442 | −0.038% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.077% | $587K | $429K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.091% | $115K | $556K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.037% | $196K | $917K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0331% | 1h | 0.3446 | +0.075% | $829K | $414K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0365% / S −0.0395% | 1h | 0.3443 | long leg | $20K | — | 100x |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Aster TRXUSDT
Lighter TRX
SoDEX TRX-USD
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL