Funding you earn now, next payment 23:00 UTC−0.0499%/8h= −54.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.133%
Price spread now: Reya against GMX−0.040%55s7-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
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Reya is 0.040% 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 55 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] | 0.3441 | L +0.0366% / S −0.0395% | pay 0.0046% / 1h | 3m 32s | $20K | — | 100x |
| Short | Reya TRXRUSDPERP | 0.3440 | −0.0133 | pay 0.0017% / 1h | 3m 32s | $5 | — | 20x |
GMX TRX/USD [ETH-USDC]
Reya TRXRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$104.78
- Price spread: −0.040% → 0.000%
- −$4.04
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$126.81
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Reya: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
GMX and Reya: 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 TRXRUSDPERPshort | −0.0133% | 1h | 0.3440 | −0.040% | $5 | — | 20x | |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.009% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0082% | 8h | 0.3440 | −0.046% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | −0.012% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0068% | 8h | 0.3438 | −0.095% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0052% | 8h | 0.3440 | −0.038% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0024% | 8h | 0.3440 | −0.044% | $826K | $721K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0007% | 1h | 0.3440 | −0.026% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3440 | −0.026% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | −0.019% | $181K | $10K | 10x | as long as short |
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.017% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | −0.035% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.045% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3441 | −0.023% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0017% | 8h | 0.3441 | −0.018% | $99.3M | $48.2M | 75x | as long as short |
| Aster TRXUSDT | +0.0019% | 8h | 0.3440 | −0.047% | $955K | $659K | 75x | as long as short |
| SoDEX TRX-USD | +0.0021% | 1h | 0.3440 | −0.026% | $401 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.022% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0040% | 8h | 0.3440 | −0.042% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0065% | 8h | 0.3440 | −0.044% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3441 | −0.023% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3441 | −0.020% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.076% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.035% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.029% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3441 | −0.020% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.020% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.056% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.026% | $115K | $552K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.036% | $196K | $919K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0366% / S −0.0395% | 1h | 0.3441 | long leg | $20K | — | 100x | |
| Deribit TRX_USDC-PERPETUAL | +0.0453% | 1h | 0.3444 | +0.091% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL