Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Paradex+0.027%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.027% dearer against Paradex than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRX-USD-PERP	0.3476	0.0093	pay 0.0093% / 8h	4h 24m	$9K	$251	20x
Short	gTrade (Gains Network) TRX/USD	0.3477	L +0.0003% / S −0.0008%	get 0.0001% / 1h	24m 49s	$122K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Paradex. 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 ParadexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.027%Rate

Funding earned: −$17.85
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 34 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 34 min ago	130.02 bp	135.0 bp −$135	205.2 bp −$2,052	2197.0 bp −$219.7K	doesn't fit

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	0.3475	−0.022%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3478	+0.077%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3476	+0.019%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDshort	L +0.0003% / S −0.0008%	1h	0.3477	+0.027%	$122K	—	150x
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.999%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0044%	1h	0.3475	−0.012%	$62K	$5K	10x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3476	−0.001%	—	$32.8M	—	as long as short
Paradex TRX-USD-PERPlong	+0.0093%	8h	0.3476	long leg	$9K	$251	20x
Lighter TRX	+0.0096%	1h	0.3476	+0.002%	$485K	$669K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3476	+0.005%	$15K	$100K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3479	+0.083%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3476	−0.001%	$963K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3476	+0.003%	$105.3M	$58.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3476	−0.003%	$53.6M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3475	−0.012%	$15.5M	$9.8M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3476	+0.002%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3476	+0.002%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3477	+0.040%	$8.6M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3476	+0.005%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3475	−0.025%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3475	−0.009%	$593K	$472K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3477	+0.048%	$116K	$564K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3474	−0.041%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3476	−0.001%	$405	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3475	−0.030%	$834K	$847K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3476	+0.017%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3475	−0.031%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3474	−0.045%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3476	−0.001%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3477	+0.028%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3476	+0.021%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0659%	1h	0.3480	+0.117%	$843K	$504K	25x	as long as short