TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.051%

Price spread now: Kraken Futures against GMX+0.040%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.040% dearer against GMX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRX/USD [ETH-USDC]	0.3486	L +0.0409% / S −0.0492%	pay 0.0051% / 1h	13m 06s	$20K	—	100x
Short	Kraken Futures PF_TRXUSD	0.3487	0.0020	get 0.0002% / 1h	13m 06s	$2.4M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$81.8
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$99.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	0.14 bp	9.2 bp −$9	15.3 bp −$153	doesn't fit	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
HTX TRX-USDT	−0.0188%	8h	0.3484	−0.033%	$835K	$956K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3485	−0.023%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3487	+0.046%	$5K	$14K	10x	as long as short
Aster TRXUSDT	−0.0032%	8h	0.3480	−0.166%	$969K	$871K	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3487	+0.044%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3486	+0.010%	$126K	—	150x	as long as short
Kraken Futures PF_TRXUSDshort	+0.0020%	1h	0.3487	+0.040%	$2.4M	$1.9M	25x
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.280%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3487	+0.034%	—	$6.5M	—	as long as short
Backpack TRX_USDC_PERP	+0.0071%	1h	0.3486	+0.005%	$62K	$5K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3486	+0.017%	$489K	$672K	10x	as long as short
Paradex TRX-USD-PERP	+0.0096%	8h	0.3485	−0.014%	$9K	$61	20x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3486	+0.011%	$14K	$63K	20x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3486	+0.020%	$107.2M	$64.9M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3486	+0.014%	$53.6M	$12.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3486	+0.020%	$15.6M	$11.1M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3486	+0.014%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3487	+0.037%	$18.9M	$2.4M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3487	+0.040%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3485	−0.029%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3486	+0.011%	$577K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3486	+0.008%	$594K	$504K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3485	−0.006%	$117K	$615K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3483	−0.063%	$198K	$1.4M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3486	+0.017%	$406	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3487	+0.034%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3485	−0.018%	$206K	$1.2M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3484	−0.037%	$34K	—	3x	as long as short
Hyperliquid TRX	+0.0184%	1h	0.3491	+0.143%	$13.5M	$2.8M	10x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3487	+0.037%	$4.8M	$4.1M	50x	as long as short
GMX TRX/USD [ETH-USDC]long	L +0.0409% / S −0.0492%	1h	0.3486	long leg	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0516%	1h	0.3490	+0.117%	$809K	$754K	25x	as long as short