Funding you earn now, next payment 22:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.076%
Price spread now: BloFin against GMX−0.036%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$10 a day on $10k at the current rate, and BloFin is 0.036% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | GMX TRX/USD [ETH-USDC] | 0.3443 | L +0.0366% / S −0.0395% | pay 0.0046% / 1h | 0m 06s | $20K | — | 100x |
| Short | BloFin TRX-USDT | 0.3441 | 0.0020 | get 0.0020% / 8h | 2h 00m | $4.6M | $4.0M | 50x |
GMX TRX/USD [ETH-USDC]
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.71
- Price spread: −0.036% → 0.000%
- −$3.63
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.34
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 min ago. 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 BloFin live order book, 3 min ago | 0.14 bp | 7.6 bp −$8 | 12.1 bp −$121 | 27.5 bp −$2,750 | doesn't fit |
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 | 0.3441 | −0.044% | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3440 | −0.066% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0084% | 8h | 0.3441 | −0.048% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.033% | $5K | $13K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.077% | $1K | $129K | 12x | as long as short |
| Backpack TRX_USDC_PERP | −0.0037% | 1h | 0.3442 | −0.028% | $58K | $4K | 10x | as long as short |
| Aster TRXUSDT | −0.0028% | 8h | 0.3441 | −0.051% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0020% | 8h | 0.3441 | −0.060% | $826K | $712K | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0009% | 8h | 0.3441 | −0.042% | $8.7M | $3.7M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | −0.001% | $121K | — | 150x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Aster TRXUSDT
HTX TRX-USDT
KuCoin TRXUSDTM
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3441 | −0.042% | $15.5M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0005% | 8h | 0.3442 | −0.022% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0005% | 8h | 0.3442 | −0.023% | $99.3M | $49.0M | 75x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.042% | $482K | $639K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3441 | −0.051% | $196K | $1.1M | 25x | as long as short |
| BloFin TRX-USDTshort | +0.0020% | 8h | 0.3441 | −0.036% | $4.6M | $4.0M | 50x | |
| SoDEX TRX-USD | +0.0042% | 1h | 0.3442 | −0.030% | $403 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0057% | 8h | 0.3441 | −0.034% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3442 | −0.016% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.080% | $33K | — | 3x | as long as short |
| BingX TRX-USDC | +0.0082% | 8h | 0.3441 | −0.036% | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.0084% | 8h | 0.3442 | −0.033% | $9.4M | $2.1M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3444 | +0.026% | $1.9M | $976K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3442 | −0.030% | $14K | $107K | 20x | as long as short |
| dYdX TRX-USD | +0.0096% | 1h | 0.3443 | +0.002% | $181K | $10K | 10x | as long as short |
| Gate TRX_USDT | +0.0098% | 8h | 0.3441 | −0.036% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.022% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.059% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.036% | $115K | $545K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.043% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0337% | 1h | 0.3446 | +0.091% | $833K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0366% / S −0.0395% | 1h | 0.3443 | long leg | $20K | — | 100x |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
BingX TRX-USDC
Bitget TRXUSDT
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
dYdX TRX-USD
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL