Spread before costs (cost unknown: a leg has no order-book sample)+0.400%
7d average—if it closes, per $10,000$40funding while held, a day+$9.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TRX/USDC PERP | 0.3428 | 0.0033 | pay 0.0004% / 1h | 33m 07s | $1K | $42K | 12x |
| Short | GMX TRX/USD [ETH-USDC] | 0.3442 | L +0.0338% / S −0.0340% | get 0.0042% / 1h | 33m 07s | $18K | — | 100x |
Injective TRX/USDC PERP
GMX TRX/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $39.96
- Funding while held
- $9.19
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $37.13
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0306%
- Per $10,000 a day
- +$9.19
- Average in range /8h
- —
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 Injective no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Injective and 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapest
HTX0.3438+0.301%Bybit0.3439+0.321%Aevo0.3439+0.334%Extended0.3439+0.334%Bitget0.3439+0.335%BingX0.3439+0.335%Variational Omni0.3440+0.339%Reya0.3440+0.343%Aster0.3440+0.344%OKX0.3440+0.344%BloFin0.3440+0.344%Paradex0.3440+0.346%Lighter0.3440+0.347%Backpack0.3440+0.350%SoDEX0.3440+0.350%MEXC0.3440+0.356%edgeX0.3440+0.358%Orderly0.3440+0.359%Phemex0.3440+0.359%Binance0.3440+0.364%KuCoin0.3441+0.370%Gate0.3441+0.373%ApeX Omni0.3441+0.391%Phoenix0.3442+0.397%
HTX
Bybit
Aevo
Extended
Bitget
BingX
Variational Omni
Reya
Aster
OKX
BloFin
Paradex
Lighter
Backpack
SoDEX
MEXC
Orderly
Phemex
Binance
KuCoin
Gate
ApeX Omni
PhoenixGMX0.3442+0.400%
gTrade (Gains Network)0.3442+0.409%dYdX0.3442+0.414%SunX0.3443+0.429%Kraken Futures0.3443+0.432%Hyperliquid0.3443+0.435%Deribit0.3444+0.474%
gTrade (Gains Network)
dYdX
SunX
Kraken Futures
Hyperliquid
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERPlong | 0.000% | +0.0033% | 1h | $1K | $42K | 12x | |
| HTX TRX-USDT | +0.301% | −0.0083% | 8h | $828K | $652K | 75x | as long as short |
| Bybit TRXUSDT | +0.321% | −0.0181% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Aevo TRX-PERP | +0.334% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Extended TRX-USD | +0.334% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Bitget TRXUSDT | +0.335% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.335% | −0.0177% | 8h | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.339% | −0.0043% | 8h | $558K | $34K | — | as long as short |
| Reya TRXRUSDPERP | +0.343% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Aster TRXUSDT | +0.344% | −0.0123% | 8h | $913K | $586K | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.344% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| BloFin TRX-USDT | +0.344% | +0.0095% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.346% | +0.0006% | 8h | $8K | $333 | 20x | as long as short |
| Lighter TRX | +0.347% | −0.0032% | 1h | $485K | $614K | 10x | as long as short |
| Backpack TRX_USDC_PERP | +0.350% | −0.0276% | 1h | $60K | $4K | 10x | as long as short |
| SoDEX TRX-USD | +0.350% | −0.0067% | 1h | $402 | $5K | 5x | as long as short |
| MEXC TRX_USDT | +0.356% | −0.0025% | 8h | $17.0M | $1.7M | 200x | as long as short |
| edgeX TRXUSDC | +0.358% | +0.0100% | 4h | $586K | $447K | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.359% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| Phemex TRXUSDT | +0.359% | −0.0015% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Binance TRXUSDT | +0.364% | −0.0025% | 8h | $99.2M | $50.8M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.370% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Gate TRX_USDT | +0.373% | +0.0044% | 8h | $9.6M | $2.4M | 75x | as long as short |
| ApeX Omni TRXUSDT | +0.391% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| Phoenix TRX | +0.397% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC]short | +0.400% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | |
| gTrade (Gains Network) TRX/USD | +0.409% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| dYdX TRX-USD | +0.414% | +0.0077% | 1h | $186K | $3K | 10x | as long as short |
| SunX TRX-USDT | +0.429% | +0.0100% | 8h | $196K | $890K | 30x | as long as short |
| Kraken Futures PF_TRXUSD | +0.432% | −0.0044% | 1h | $1.8M | $882K | 25x | as long as short |
| Hyperliquid TRX | +0.435% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.474% | +0.0194% | 1h | $824K | $373K | 25x | as long as short |