TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h +0.059%

Price spread now: GMX against Kraken Futures−0.057%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 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	Kraken Futures PF_TRXUSD	0.3472	0.0524	pay 0.0066% / 1h	26m 04s	$2.3M	$1.6M	25x
Short	GMX TRX/USD [ETH-USDC]	0.3470	L +0.0402% / S −0.0481%	get 0.0060% / 1h	26m 04s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$8.97
Price spread: −0.057% → 0.000%: −$5.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$36.63
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; GMX: 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 Kraken Futures live order book, 3 min ago	2.74 bp	8.2 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 31 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	0.3471	−0.035%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3469	−0.076%	$5K	$14K	10x	as long as short
KuCoin TRXUSDTM	−0.0001%	8h	0.3472	−0.012%	$8.7M	$3.5M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3470	−0.044%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3471	−0.039%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.891%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0058%	1h	0.3469	−0.070%	$59K	$4K	10x	as long as short
HTX TRX-USDT	+0.0091%	8h	0.3469	−0.072%	$833K	$795K	75x	as long as short
Orderly PERP_TRX_USDC	+0.0094%	8h	0.3470	−0.052%	$14K	$122K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3470	−0.047%	$485K	$661K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRX-USD-PERP	+0.0097%	8h	0.3470	−0.064%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3472	−0.004%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3470	−0.063%	$958K	$669K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3471	−0.040%	$102.8M	$50.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3471	−0.018%	$54.9M	$9.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3471	−0.021%	$15.5M	$8.6M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3471	−0.038%	$9.7M	$2.6M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3470	−0.044%	$18.5M	$2.0M	200x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3471	−0.018%	$10.4M	$3.2M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3471	−0.035%	—	$6.5M	—	as long as short
Variational Omni TRX	+0.0100%	8h	0.3471	−0.029%	$566K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3468	−0.122%	$592K	$447K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3468	−0.124%	$115K	$563K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3468	−0.114%	$197K	$1.0M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3471	−0.035%	$406	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3470	−0.050%	$3.9M	$1.7M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3470	−0.049%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3468	−0.100%	$34K	—	3x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0402% / S −0.0481%	1h	0.3470	−0.057%	$20K	—	100x
Kraken Futures PF_TRXUSDlong	+0.0524%	1h	0.3472	long leg	$2.3M	$1.6M	25x
Deribit TRX_USDC-PERPETUAL	+0.0666%	1h	0.3474	+0.055%	$800K	$463K	25x	as long as short