Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.001%

Price spread now: gTrade (Gains Network) against Aster+0.032%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2852.851% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.032%, 7d avg +0.003%

Together, before fees−0.125%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.029% dearer against Aster than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.003%): +$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 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRXUSDT	0.3465	0.0100	pay 0.0100% / 8h	6h 48m	$957K	$668K	75x
Short	gTrade (Gains Network) TRX/USD	0.3466	L +0.0003% / S −0.0007%	get 0.0001% / 1h	48m 25s	$122K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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 AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.032%Rate

Funding earned: −$19.46
Price spread: +0.032% → +0.003%: $2.87
Slippage, 4 orders: −$267.09
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$301.67
Costs to cover: 2.851%
Break-even: never at this rate

Slippage from Aster: live order book, 19 min ago; gTrade (Gains Network): virtual book (oracle venue), 21 min ago.

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 Aster live order book, 19 min ago	0.14 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 21 min ago	130.01 bp	135.0 bp −$135	205.2 bp −$2,052	2197.0 bp −$219.7K	doesn't fit

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	0.3465	+0.015%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3466	+0.033%	$5K	$14K	10x	as long as short
KuCoin TRXUSDTM	−0.0044%	8h	0.3466	+0.033%	$8.7M	$3.5M	75x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3466	+0.043%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USDshort	L +0.0003% / S −0.0007%	1h	0.3466	+0.032%	$122K	—	150x
Backpack TRX_USDC_PERP	+0.0011%	1h	0.3464	−0.033%	$59K	$4K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.692%	$1K	$163K	12x	as long as short
Orderly PERP_TRX_USDC	+0.0093%	8h	0.3464	−0.039%	$15K	$107K	20x	as long as short
Paradex TRX-USD-PERP	+0.0095%	8h	0.3465	0.000%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3464	−0.019%	$485K	$618K	10x	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	0.3467	+0.062%	$13.2M	$2.3M	10x	as long as short
Aster TRXUSDTlong	+0.0100%	8h	0.3465	long leg	$957K	$668K	75x
Binance TRXUSDT	+0.0100%	8h	0.3466	+0.024%	$101.9M	$49.7M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3466	+0.030%	$55.1M	$8.8M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3467	+0.047%	$15.5M	$8.6M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3466	+0.039%	$9.7M	$2.6M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3465	+0.010%	$18.6M	$1.9M	200x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3467	+0.053%	$10.4M	$3.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3466	+0.039%	—	$6.5M	—	as long as short
Variational Omni TRX	+0.0100%	8h	0.3465	0.000%	$565K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3463	−0.049%	$591K	$443K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3464	−0.013%	$115K	$567K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3462	−0.079%	$197K	$1.0M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3466	+0.024%	$403	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3461	−0.100%	$832K	$791K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3465	+0.004%	$3.9M	$1.6M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3465	+0.004%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3464	−0.027%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3465	+0.007%	$4.6M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0402% / S −0.0481%	1h	0.3465	+0.003%	$20K	—	100x	as long as short
Kraken Futures PF_TRXUSD	+0.0525%	1h	0.3467	+0.060%	$2.3M	$1.6M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0575%	1h	0.3469	+0.117%	$786K	$424K	25x	as long as short