Funding arb · Price arb /

TRX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0079%/8hpaid last 24h 0.000%

Price spread now: Aster against gTrade (Gains Network)−0.067%52s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2842.841% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now −0.067%, 7d avg 0.000%

Together, before fees+0.154%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.059%, so the current rate has only just turned against you. The two prices were read 52 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	gTrade (Gains Network) TRX/USD	0.3443	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	6m 32s	$121K	—	150x
Short	Aster TRXUSDT	0.3441	−0.0076	pay 0.0076% / 8h	4h 06m	$952K	$617K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$16.61
Price spread: −0.067% → 0.000%: −$6.65
Slippage, 4 orders: −$266.11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$307.37
Costs to cover: 2.841%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Aster: live order book, 25 min ago.

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 gTrade (Gains Network) virtual book (oracle venue), 26 min ago	130.03 bp	135.0 bp −$135	224.8 bp −$2,248	2109.1 bp −$210.9K	10777.2 bp −$5.39M
Sell Aster live order book, 25 min ago	0.29 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

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
Backpack TRX_USDC_PERP	−0.0201%	1h	0.3441	−0.061%	$60K	$5K	10x	as long as short
BingX TRX-USDT	−0.0148%	8h	0.3441	−0.067%	—	$37.9M	—	as long as short
Bybit TRXUSDT	−0.0145%	8h	0.3440	−0.093%	$54.7M	$7.7M	75x	as long as short
Injective TRX/USDC PERP	−0.0135%	1h	0.3438	−0.148%	$1K	$79K	12x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	0.3440	−0.083%	$5	—	20x	as long as short
Phoenix TRX	−0.0093%	1h	0.3443	−0.017%	$5K	$13K	10x	as long as short
Variational Omni TRX	−0.0084%	8h	0.3439	−0.105%	$564K	$42K	—	as long as short
Aster TRXUSDTshort	−0.0076%	8h	0.3441	−0.067%	$952K	$617K	75x
SoDEX TRX-USD	−0.0071%	1h	0.3441	−0.058%	$405	$5K	5x	as long as short
Kraken Futures PF_TRXUSD	−0.0045%	1h	0.3443	+0.008%	$1.8M	$946K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TRX-USDT	−0.0033%	8h	0.3440	−0.099%	$828K	$662K	75x	as long as short
Extended TRX-USD	−0.0016%	1h	0.3440	−0.090%	$195K	$1.1M	25x	as long as short
Binance TRXUSDT	−0.0012%	8h	0.3442	−0.043%	$99.4M	$50.4M	75x	as long as short
MEXC TRX_USDT	−0.0012%	8h	0.3441	−0.061%	$17.1M	$1.6M	200x	as long as short
gTrade (Gains Network) TRX/USDlong	L +0.0003% / S −0.0007%	1h	0.3443	long leg	$121K	—	150x
OKX TRX-USDT-SWAP	+0.0007%	8h	0.3441	−0.072%	$15.6M	$8.7M	50x	as long as short
Paradex TRX-USD-PERP	+0.0015%	8h	0.3441	−0.059%	$9K	$384	20x	as long as short
Lighter TRX	+0.0016%	1h	0.3441	−0.067%	$486K	$623K	10x	as long as short
Bitget TRXUSDT	+0.0056%	8h	0.3440	−0.087%	$9.4M	$2.0M	75x	as long as short
Phemex TRXUSDT	+0.0060%	8h	0.3441	−0.055%	$3.7M	$1.5M	50x	as long as short
Gate TRX_USDT	+0.0080%	8h	0.3441	−0.067%	$9.7M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0080%	1h	0.3440	−0.094%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0084%	8h	0.3441	−0.058%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3444	+0.015%	$13.3M	$2.2M	10x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3441	−0.075%	$8.6M	$3.6M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3441	−0.067%	$587K	$444K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	−0.098%	$115K	$535K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.005%	$196K	$907K	30x	as long as short
BloFin TRX-USDT	+0.0107%	8h	0.3441	−0.058%	$4.6M	$4.0M	50x	as long as short
dYdX TRX-USD	+0.0200%	1h	0.3443	−0.009%	$183K	$6K	10x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0337% / S −0.0340%	1h	0.3443	−0.017%	$18K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0360%	1h	0.3445	+0.059%	$827K	$378K	25x	as long as short