TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0431%/8h= −47.2% APRnext payment −$0.54 per $10,000 · paid last 24h −0.130%

Price spread now: Phoenix against GMX+0.076%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Phoenix is 0.076% dearer against GMX than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRX/USD [ETH-USDC]	0.3479	L +0.0408% / S −0.0492%	pay 0.0051% / 1h	55m 16s	$20K	—	100x
Short	Phoenix TRX	0.3482	−0.0023	pay 0.0003% / 1h	55m 16s	$5K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$90.59
Price spread: +0.076% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$101.94
Costs to cover: 0.190%
Break-even: never at this rate

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

GMX and Phoenix: 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 exchanges

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
Aster TRXUSDT	−0.0318%	8h	0.3475	−0.112%	$963K	$929K	75x	as long as short
HTX TRX-USDT	−0.0217%	8h	0.3478	−0.033%	$832K	$884K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3477	−0.065%	$5	—	20x	as long as short
Backpack TRX_USDC_PERP	−0.0067%	1h	0.3478	−0.039%	$57K	$8K	10x	as long as short
Phoenix TRXshort	−0.0023%	1h	0.3482	+0.076%	$5K	$14K	10x
dYdX TRX-USD	0.0000%	1h	0.3479	−0.001%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3481	+0.045%	$137K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.099%	$1K	$163K	12x	as long as short
SoDEX TRX-USD	+0.0047%	1h	0.3478	−0.044%	$405	$5K	5x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3478	−0.021%	—	$32.5M	—	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3478	−0.030%	$482K	$656K	10x	as long as short
Paradex TRX-USD-PERP	+0.0098%	8h	0.3478	−0.037%	$9K	$52	20x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3478	−0.036%	$14K	$71K	20x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3479	−0.019%	$107.0M	$64.0M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3478	−0.036%	$53.4M	$13.5M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3478	−0.039%	$15.4M	$11.4M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3478	−0.027%	$9.6M	$3.2M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3478	−0.033%	$19.1M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3478	−0.024%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3477	−0.067%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3478	−0.047%	$576K	$28K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3480	+0.015%	$593K	$502K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3483	+0.102%	$117K	$619K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3477	−0.075%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3479	−0.007%	$3.9M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3477	−0.074%	$211K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3476	−0.081%	$34K	—	3x	as long as short
Hyperliquid TRX	+0.0105%	1h	0.3483	+0.097%	$14.3M	$2.8M	10x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3480	+0.016%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0269%	1h	0.3478	−0.025%	$2.4M	$1.8M	25x	as long as short
GMX TRX/USD [ETH-USDC]long	L +0.0408% / S −0.0492%	1h	0.3479	long leg	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0420%	1h	0.3482	+0.076%	$805K	$723K	25x	as long as short