Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0392%/8h= +43.0% APRpaid last 24h +0.115%

Price spread now: GMX against Aster+0.085%51s7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.085% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRXUSDT	0.3483	0.0100	pay 0.0100% / 8h	7h 53m	$970K	$752K	75x
Short	GMX TRX/USD [ETH-USDC]	0.3486	L +0.0410% / S −0.0492%	get 0.0062% / 1h	53m 27s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $82.41
Price spread: +0.085% → 0.000%: $8.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $70.87
Costs to cover: 0.200%
Break-even: 1.0 days

Slippage unknown: Aster: live order book, 45 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 Aster live order book, 45 min ago	0.14 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
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
HTX TRX-USDT	−0.0224%	8h	0.3484	+0.043%	$835K	$959K	75x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3485	+0.064%	$5	—	20x	as long as short
Phoenix TRX	−0.0046%	1h	0.3486	+0.106%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3487	+0.129%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3486	+0.095%	$126K	—	150x	as long as short
Kraken Futures PF_TRXUSD	+0.0020%	1h	0.3486	+0.107%	$2.4M	$1.9M	25x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.197%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0044%	1h	0.3484	+0.052%	$62K	$5K	10x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3486	+0.081%	—	$32.6M	—	as long as short
Paradex TRX-USD-PERP	+0.0091%	8h	0.3485	+0.079%	$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	0.3485	+0.078%	$487K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3485	+0.075%	$14K	$63K	20x	as long as short
Aster TRXUSDTlong	+0.0100%	8h	0.3483	long leg	$970K	$752K	75x
Binance TRXUSDT	+0.0100%	8h	0.3486	+0.086%	$107.2M	$65.3M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3486	+0.095%	$53.5M	$12.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3486	+0.089%	$15.7M	$10.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3485	+0.078%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3486	+0.095%	$19.0M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3486	+0.095%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3485	+0.063%	$9.7M	$4.4M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3485	+0.064%	$577K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3485	+0.073%	$594K	$501K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3486	+0.106%	$116K	$609K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3483	+0.019%	$198K	$1.4M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3486	+0.081%	$407	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3486	+0.081%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3485	+0.052%	$206K	$1.2M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3484	+0.031%	$34K	—	3x	as long as short
Hyperliquid TRX	+0.0115%	1h	0.3489	+0.181%	$13.4M	$2.8M	10x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3486	+0.098%	$4.8M	$4.1M	50x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0410% / S −0.0492%	1h	0.3486	+0.085%	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0702%	1h	0.3489	+0.191%	$843K	$720K	25x	as long as short