TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.124%

Price spread now: GMX against Phoenix−0.032%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). 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	Phoenix TRX	0.3477	−0.0023	get 0.0003% / 1h	21m 30s	$5K	$14K	10x
Short	GMX TRX/USD [ETH-USDC]	0.3476	L +0.0404% / S −0.0481%	get 0.0060% / 1h	21m 30s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $105.94
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $83.77
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: Phoenix: no order-book sample; GMX: 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 Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix 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 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	0.3472	−0.139%	$5	—	20x	as long as short
Phoenix TRXlong	−0.0023%	1h	0.3477	long leg	$5K	$14K	10x
dYdX TRX-USD	0.0000%	1h	0.3474	−0.064%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3476	−0.030%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.024%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0041%	1h	0.3473	−0.098%	$62K	$5K	10x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3473	−0.118%	—	$32.8M	—	as long as short
Paradex TRX-USD-PERP	+0.0092%	8h	0.3472	−0.130%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3472	−0.127%	$484K	$669K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3475	−0.052%	$15K	$100K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3476	−0.021%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3473	−0.095%	$962K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3472	−0.127%	$105.2M	$58.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3472	−0.132%	$53.6M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3472	−0.127%	$15.5M	$9.9M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3473	−0.095%	$9.6M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3473	−0.098%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3473	−0.106%	$8.6M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3473	−0.109%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3475	−0.050%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3474	−0.071%	$592K	$473K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3476	−0.017%	$116K	$564K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3473	−0.105%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3474	−0.060%	$403	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3474	−0.077%	$834K	$847K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3475	−0.040%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3472	−0.145%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3473	−0.106%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3474	−0.069%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3476	−0.028%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0404% / S −0.0481%	1h	0.3476	−0.032%	$20K	—	100x
Deribit TRX_USDC-PERPETUAL	+0.0498%	1h	0.3478	+0.051%	$843K	$504K	25x	as long as short