Funding you earn now, next payment 02:00 UTC+0.0202%/8h= +22.1% APRnext payment +$0.25 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against GMX+0.107%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.107% dearer against GMX than usual: you sell high and buy low: +$11 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 | GMX TRX/USD [ETH-USDC] | 0.3466 | L +0.0402% / S −0.0481% | pay 0.0050% / 1h | 47m 19s | $20K | — | 100x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3470 | 0.0604 | get 0.0075% / 1h | 47m 19s | $786K | $424K | 25x |
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $42.33
- Price spread: +0.107% → 0.000%
- $10.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $34.06
- Costs to cover
- 0.190%
- Break-even
- 1.4 days
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 22 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 Deribit live order book, 22 min ago | 1.15 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | 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 | 0.3466 | +0.009% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.008% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0042% | 8h | 0.3467 | +0.025% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.018% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3467 | +0.021% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0006% | 1h | 0.3464 | −0.041% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.716% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3464 | −0.055% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3466 | +0.005% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | −0.041% | $485K | $618K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3468 | +0.060% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3466 | −0.007% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3466 | −0.006% | $101.9M | $49.8M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3466 | +0.005% | $55.1M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3466 | −0.003% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3467 | +0.023% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3465 | −0.012% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3467 | +0.040% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3466 | +0.014% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | −0.025% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3465 | −0.036% | $591K | $446K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3465 | −0.032% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.097% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3465 | −0.012% | $405 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3465 | −0.025% | $833K | $792K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3466 | −0.009% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | −0.009% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3464 | −0.048% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | −0.018% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0402% / S −0.0481% | 1h | 0.3466 | long leg | $20K | — | 100x | |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3467 | +0.027% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0604% | 1h | 0.3470 | +0.107% | $786K | $424K | 25x |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD