Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0322%/8h= −35.2% APRpaid last 24h −0.068%

Price spread now: Paradex against GMX−0.043%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.043% cheaper against GMX than usual: you would sell low and buy high (−$4 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]	0.3439	L +0.0366% / S −0.0395%	pay 0.0046% / 1h	29m 36s	$20K	—	100x
Short	Paradex TRX-USD-PERP	0.3438	0.0044	get 0.0044% / 8h	2h 29m	$9K	$385	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$67.56
Price spread: −0.043% → 0.000%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$87.91
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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
Reya TRXRUSDPERP	−0.0133%	1h	0.3437	−0.053%	$5	—	20x	as long as short
Bybit TRXUSDT	−0.0089%	8h	0.3437	−0.060%	$54.7M	$8.2M	75x	as long as short
Variational Omni TRX	−0.0086%	8h	0.3436	−0.079%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3439	+0.001%	$5K	$13K	10x	as long as short
Aster TRXUSDT	−0.0053%	8h	0.3438	−0.019%	$951K	$638K	75x	as long as short
Backpack TRX_USDC_PERP	−0.0049%	1h	0.3438	−0.039%	$58K	$5K	10x	as long as short
Injective TRX/USDC PERP	−0.0048%	1h	0.3439	−0.001%	$1K	$100K	12x	as long as short
HTX TRX-USDT	−0.0031%	8h	0.3437	−0.065%	$825K	$708K	75x	as long as short
Lighter TRX	−0.0008%	1h	0.3437	−0.048%	$483K	$628K	10x	as long as short
SoDEX TRX-USD	−0.0005%	1h	0.3438	−0.036%	$402	$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	−0.0002%	8h	0.3438	−0.036%	$99.3M	$49.1M	75x	as long as short
MEXC TRX_USDT	−0.0002%	8h	0.3438	−0.031%	$17.2M	$1.6M	200x	as long as short
Extended TRX-USD	0.0000%	1h	0.3437	−0.061%	$196K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3439	+0.005%	$121K	—	150x	as long as short
OKX TRX-USDT-SWAP	+0.0008%	8h	0.3438	−0.045%	$15.6M	$8.8M	50x	as long as short
KuCoin TRXUSDTM	+0.0026%	8h	0.3436	−0.080%	$8.7M	$3.6M	75x	as long as short
Paradex TRX-USD-PERPshort	+0.0044%	8h	0.3438	−0.043%	$9K	$385	20x
BingX TRX-USDT	+0.0068%	8h	0.3438	−0.045%	—	$38.2M	—	as long as short
Bitget TRXUSDT	+0.0069%	8h	0.3437	−0.048%	$9.4M	$2.1M	75x	as long as short
Phemex TRXUSDT	+0.0073%	8h	0.3438	−0.031%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3436	−0.081%	$33K	—	3x	as long as short
Kraken Futures PF_TRXUSD	+0.0087%	1h	0.3440	+0.016%	$1.9M	$977K	25x	as long as short
Orderly PERP_TRX_USDC	+0.0088%	8h	0.3438	−0.031%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3440	+0.019%	$13.2M	$2.2M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3438	−0.036%	$9.7M	$2.5M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3437	−0.048%	$586K	$437K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3439	+0.004%	$115K	$541K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3441	+0.068%	$196K	$916K	30x	as long as short
BloFin TRX-USDT	+0.0118%	8h	0.3439	+0.001%	$4.6M	$4.0M	50x	as long as short
dYdX TRX-USD	+0.0160%	1h	0.3439	−0.011%	$181K	$10K	10x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0323%	1h	0.3442	+0.084%	$828K	$407K	25x	as long as short
GMX TRX/USD [ETH-USDC]long	L +0.0366% / S −0.0395%	1h	0.3439	long leg	$20K	—	100x