TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.123%

Price spread now: GMX against Phoenix−0.189%65s7-day average — · you buy dearer than you sell

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

Long on Phoenix 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

Funding pays, the price is against you. GMX is 0.189% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.189% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 30 hours of funding at the current rate (+$15 a day). The two prices were read 65 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	Phoenix TRX	0.3484	−0.0023	get 0.0003% / 1h	16m 23s	$5K	$14K	10x
Short	GMX TRX/USD [ETH-USDC]	0.3478	L +0.0403% / S −0.0481%	get 0.0060% / 1h	16m 23s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.189%Rate

Funding earned: $105.93
Price spread: −0.189% → 0.000%: −$18.89
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $68.04
Costs to cover: 0.190%
Break-even: 2.5 days

Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix and 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	0.3476	−0.224%	$5	—	20x	as long as short
Phoenix TRXlong	−0.0023%	1h	0.3484	long leg	$5K	$14K	10x
dYdX TRX-USD	0.0000%	1h	0.3476	−0.224%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3477	−0.190%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.237%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3477	−0.198%	—	$6.5M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3477	−0.198%	$485K	$664K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0097%	8h	0.3477	−0.215%	$14K	$122K	20x	as long as short
Paradex TRX-USD-PERP	+0.0099%	8h	0.3477	−0.206%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3480	−0.129%	$13.1M	$2.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRXUSDT	+0.0100%	8h	0.3478	−0.180%	$962K	$691K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3477	−0.203%	$105.3M	$57.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3477	−0.204%	$53.9M	$11.4M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3477	−0.207%	$15.6M	$9.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3477	−0.192%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3477	−0.192%	$18.6M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3477	−0.192%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3478	−0.169%	$10.4M	$3.3M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3475	−0.253%	$59K	$4K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3478	−0.179%	$568K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3475	−0.265%	$593K	$471K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3481	−0.098%	$116K	$562K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3474	−0.288%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3476	−0.232%	$412	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3473	−0.309%	$839K	$828K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3476	−0.221%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3478	−0.188%	$198K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3475	−0.263%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3476	−0.235%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0403% / S −0.0481%	1h	0.3478	−0.189%	$20K	—	100x
Kraken Futures PF_TRXUSD	+0.0585%	1h	0.3477	−0.211%	$2.4M	$1.7M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0622%	1h	0.3480	−0.127%	$845K	$502K	25x	as long as short