Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.093%

Price spread now: Aster against GMX+0.024%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.024% dearer against GMX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRX/USD [ETH-USDC]	0.3441	L +0.0366% / S −0.0395%	pay 0.0046% / 1h	26m 46s	$20K	—	100x
Short	Aster TRXUSDT	0.3442	−0.0001	pay 0.0001% / 8h	1h 26m	$957K	$658K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$77.07
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$94.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 56 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 56 min ago	0.73 bp	5.0 bp −$5	doesn't fit	doesn't fit	doesn't fit

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	0.3440	−0.035%	$5	—	20x	as long as short
Injective TRX/USDC PERP	−0.0120%	1h	0.3441	−0.006%	$1K	$163K	12x	as long as short
Variational Omni TRX	−0.0082%	8h	0.3439	−0.062%	$562K	$39K	—	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.011%	$5K	$13K	10x	as long as short
Bybit TRXUSDT	−0.0066%	8h	0.3441	−0.009%	$54.6M	$8.2M	75x	as long as short
KuCoin TRXUSDTM	−0.0049%	8h	0.3441	−0.006%	$8.7M	$3.6M	75x	as long as short
HTX TRX-USDT	−0.0021%	8h	0.3438	−0.107%	$825K	$717K	75x	as long as short
Backpack TRX_USDC_PERP	−0.0013%	1h	0.3441	−0.001%	$58K	$4K	10x	as long as short
Aster TRXUSDTshort	−0.0001%	8h	0.3442	+0.024%	$957K	$658K	75x
dYdX TRX-USD	0.0000%	1h	0.3441	−0.019%	$181K	$10K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	0.0000%	8h	0.3441	−0.006%	$15.6M	$8.8M	50x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3441	+0.006%	$121K	—	150x	as long as short
SoDEX TRX-USD	+0.0006%	1h	0.3441	−0.018%	$405	$5K	5x	as long as short
Lighter TRX	+0.0008%	1h	0.3441	−0.006%	$482K	$637K	10x	as long as short
MEXC TRX_USDT	+0.0010%	8h	0.3442	+0.017%	$18.2M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0014%	8h	0.3441	+0.005%	$99.3M	$48.3M	75x	as long as short
Extended TRX-USD	+0.0016%	1h	0.3441	−0.017%	$196K	$1.1M	25x	as long as short
Kraken Futures PF_TRXUSD	+0.0026%	1h	0.3442	+0.034%	$1.9M	$1.0M	25x	as long as short
Paradex TRX-USD-PERP	+0.0049%	8h	0.3440	−0.035%	$9K	$385	20x	as long as short
BloFin TRX-USDT	+0.0049%	8h	0.3440	−0.033%	$4.6M	$4.0M	50x	as long as short
Phemex TRXUSDT	+0.0071%	8h	0.3441	−0.003%	$3.8M	$1.6M	50x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3439	−0.065%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3440	−0.033%	$14K	$107K	20x	as long as short
Gate TRX_USDT	+0.0090%	8h	0.3441	+0.005%	$9.6M	$2.5M	75x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.046%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3441	−0.001%	$9.4M	$2.0M	75x	as long as short
BingX TRX-USDT	+0.0100%	8h	0.3442	+0.008%	—	$40.0M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	−0.044%	$587K	$430K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3441	+0.005%	$115K	$548K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3442	+0.014%	$196K	$918K	30x	as long as short
GMX TRX/USD [ETH-USDC]long	L +0.0366% / S −0.0395%	1h	0.3441	long leg	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0430%	1h	0.3444	+0.085%	$832K	$411K	25x	as long as short