Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0342%/8h= +37.4% APRpaid last 24h +0.082%

Price spread now: GMX against OKX−0.001%52s7-day average — · you buy dearer than you sell

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

Long on OKX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRX-USDT-SWAP	0.3451	0.0053	pay 0.0053% / 8h	7h 40m	$15.6M	$8.3M	50x
Short	GMX TRX/USD [ETH-USDC]	0.3451	L +0.0367% / S −0.0395%	get 0.0049% / 1h	40m 31s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $71.8
Price spread: −0.001% → 0.000%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $49.74
Costs to cover: 0.220%
Break-even: 2.2 days

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	0.14 bp	6.5 bp −$7	11.1 bp −$111	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 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	0.3450	−0.035%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0089%	8h	0.3450	−0.023%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3451	+0.009%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3450	−0.012%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3451	+0.018%	$122K	—	150x	as long as short
Variational Omni TRX	+0.0014%	8h	0.3449	−0.053%	$564K	$36K	—	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.284%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0038%	1h	0.3450	−0.029%	$58K	$4K	10x	as long as short
OKX TRX-USDT-SWAPlong	+0.0053%	8h	0.3451	long leg	$15.6M	$8.3M	50x
Extended TRX-USD	+0.0056%	1h	0.3449	−0.040%	$194K	$1.3M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRX_USDT	+0.0058%	8h	0.3450	−0.012%	$18.3M	$1.9M	200x	as long as short
Binance TRXUSDT	+0.0058%	8h	0.3451	−0.008%	$100.1M	$47.4M	75x	as long as short
Paradex TRX-USD-PERP	+0.0085%	8h	0.3450	−0.026%	$9K	$385	20x	as long as short
HTX TRX-USDT	+0.0085%	8h	0.3448	−0.074%	$829K	$736K	75x	as long as short
Gate TRX_USDT	+0.0087%	8h	0.3450	−0.020%	$9.6M	$2.4M	75x	as long as short
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3450	−0.017%	$14K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3450	−0.023%	$483K	$630K	10x	as long as short
Aevo TRX-PERP	+0.0096%	1h	0.3448	−0.071%	$33K	—	3x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3452	+0.038%	$13.2M	$2.2M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3450	−0.014%	$957K	$657K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3450	−0.023%	$54.8M	$8.0M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3450	−0.029%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3450	−0.014%	—	$40.0M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3449	−0.040%	$589K	$434K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3450	−0.032%	$115K	$570K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3449	−0.048%	$196K	$936K	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3450	−0.012%	$403	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3451	−0.006%	$3.8M	$1.6M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0173%	1h	0.3453	+0.050%	$2.1M	$1.3M	25x	as long as short
BloFin TRX-USDT	+0.0178%	8h	0.3450	−0.017%	$4.7M	$4.0M	50x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0367% / S −0.0395%	1h	0.3451	−0.001%	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0509%	1h	0.3454	+0.090%	$834K	$417K	25x	as long as short