Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.070%

Price spread now: Paradex against GMX−0.031%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Paradex

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paradex is 0.031% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRX/USD [ETH-USDC]	0.3447	L +0.0367% / S −0.0395%	pay 0.0046% / 1h	51m 21s	$20K	—	100x
Short	Paradex TRX-USD-PERP	0.3446	0.0080	get 0.0080% / 8h	7h 51m	$9K	$385	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$60.12
Price spread: −0.031% → 0.000%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$79.19
Costs to cover: 0.160%
Break-even: never at this rate

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

GMX and 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	0.3446	−0.036%	$5	—	20x	as long as short
KuCoin TRXUSDTM	−0.0089%	8h	0.3446	−0.035%	$8.7M	$3.6M	75x	as long as short
Phoenix TRX	−0.0046%	1h	0.3447	+0.006%	$5K	$14K	10x	as long as short
Variational Omni TRX	−0.0001%	8h	0.3446	−0.036%	$563K	$36K	—	as long as short
dYdX TRX-USD	0.0000%	1h	0.3449	+0.042%	$181K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3448	+0.011%	$121K	—	150x	as long as short
Gate TRX_USDT	+0.0020%	8h	0.3447	−0.020%	$9.6M	$2.4M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0024%	1h	0.3446	−0.035%	$58K	$4K	10x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.180%	$1K	$163K	12x	as long as short
OKX TRX-USDT-SWAP	+0.0043%	8h	0.3447	−0.014%	$15.6M	$8.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TRX-USD	+0.0048%	1h	0.3446	−0.042%	$196K	$1.1M	25x	as long as short
MEXC TRX_USDT	+0.0049%	8h	0.3447	−0.014%	$18.3M	$1.9M	200x	as long as short
Binance TRXUSDT	+0.0049%	8h	0.3447	−0.016%	$99.9M	$48.3M	75x	as long as short
HTX TRX-USDT	+0.0074%	8h	0.3446	−0.039%	$828K	$734K	75x	as long as short
Paradex TRX-USD-PERPshort	+0.0080%	8h	0.3446	−0.031%	$9K	$385	20x
Orderly PERP_TRX_USDC	+0.0091%	8h	0.3447	−0.017%	$14K	$107K	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3446	−0.035%	$482K	$628K	10x	as long as short
Aevo TRX-PERP	+0.0096%	1h	0.3444	−0.081%	$33K	—	3x	as long as short
SoDEX TRX-USD	+0.0098%	1h	0.3447	−0.020%	$404	$5K	5x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3448	+0.032%	$13.2M	$2.2M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3447	−0.003%	$956K	$660K	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3447	−0.006%	$54.7M	$8.0M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3446	−0.023%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3447	−0.017%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3447	−0.003%	$589K	$439K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3448	+0.015%	$115K	$572K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3446	−0.041%	$196K	$942K	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3447	−0.011%	$3.8M	$1.6M	50x	as long as short
BloFin TRX-USDT	+0.0167%	8h	0.3447	0.000%	$4.6M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0173%	1h	0.3449	+0.050%	$2.1M	$1.3M	25x	as long as short
GMX TRX/USD [ETH-USDC]long	L +0.0367% / S −0.0395%	1h	0.3447	long leg	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0533%	1h	0.3451	+0.097%	$833K	$417K	25x	as long as short