Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0392%/8h= +43.0% APRpaid last 24h +0.110%

Price spread now: GMX against MEXC+0.021%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.021% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRX_USDT	0.3482	0.0100	pay 0.0100% / 8h	36m 24s	$19.2M	$2.3M	200x
Short	GMX TRX/USD [ETH-USDC]	0.3482	L +0.0411% / S −0.0492%	get 0.0062% / 1h	36m 24s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $82.41
Price spread: +0.021% → 0.000%: $2.13
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $68.54
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: MEXC: live order book, 2 min ago; 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 MEXC live order book, 2 min ago	0.14 bp	2.1 bp −$2	3.5 bp −$35	25.9 bp −$2,591	40.3 bp −$20.2K
Sell GMX no order-book sample	—	—	—	—	—

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	0.3481	−0.027%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0077%	8h	0.3481	−0.025%	$834K	$957K	75x	as long as short
Phoenix TRX	−0.0023%	1h	0.3483	+0.046%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3483	+0.049%	$183K	$12K	10x	as long as short
Backpack TRX_USDC_PERP	0.0000%	1h	0.3481	−0.020%	$62K	$5K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3483	+0.036%	$123K	—	150x	as long as short
SoDEX TRX-USD	+0.0008%	1h	0.3481	−0.011%	$405	$5K	5x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.166%	$1K	$163K	12x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3481	−0.006%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0084%	8h	0.3481	−0.025%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3481	−0.006%	$487K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3481	−0.011%	$14K	$61K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3485	+0.106%	$13.3M	$2.8M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3480	−0.046%	$971K	$714K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3481	−0.004%	$106.7M	$63.9M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3482	+0.011%	$53.5M	$12.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3482	−0.003%	$15.7M	$10.8M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3482	0.000%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDTlong	+0.0100%	8h	0.3482	long leg	$19.2M	$2.3M	200x
KuCoin TRXUSDTM	+0.0100%	8h	0.3482	+0.020%	$8.5M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3480	−0.040%	$9.8M	$4.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3480	−0.051%	$569K	$33K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3482	+0.018%	$594K	$462K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3482	0.000%	$116K	$596K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3480	−0.051%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3481	−0.011%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3480	−0.033%	$205K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3479	−0.066%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3482	+0.011%	$4.7M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0296%	1h	0.3483	+0.034%	$2.4M	$1.9M	25x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0411% / S −0.0492%	1h	0.3482	+0.021%	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0683%	1h	0.3485	+0.109%	$875K	$745K	25x	as long as short