This appears to be a premultiplied alpha problem. And it's not as much of a glsl problem as it is a glfx problem.
Here's what happens:
Consider the RGBA values of two adjacent pixels at the edge of your source image. It would be something like this:
[R G B A ] [R, G, B, A]
[1.0, 1.0, 1.0, 1.0] [?, ?, ?, 0]
Meaning that there is a fully opaque, fully-white pixel to the left, and then comes a fully-transparent (A=0) pixel to the right.
But what are the RGB values of a completely transparent pixel?
They are technically ill-defined (this fact is the core problem which needs to be solved). In practice, pretty much every image processing software will put [0, 0, 0] there.
So the pixels are actually like this:
[R G B A ] [R, G, B, A]
[1.0, 1.0, 1.0, 1.0] [0, 0, 0, 0]
What happens if your swirl shader samples the texture halfway between those 2 pixels? You get [0.5, 0.5, 0.5, 0.5]. That's color [0.5 0.5 0.5], with 0.5 Alpha. Which is gray, not white.
The generally chosen solution to this problem is premultiplied alpha. Which means that, for any given RGBA color, the RGB components are defined so that they don't range from 0 .. 1.0, but instead from 0 .. A. With that definition, color [0.5 0.5 0.5 0.5] is now "0.5 A, with maximum RGB, which is white". One side effect of this definition is that the RGB values of a fully transparent pixel are no longer ill-defined; they must now be exactly [0, 0, 0].
As you can see, we didn't really change any values, instead, we just defined that our result is now correct. Of course, we still need to tell the other parts of the graphics pipeline of our definition.
Premultiplied alpha is not the only solution to the problem. Now that you know what's happening, you might be able to come up with your own solution. But pretty much all modern graphics pipelines expect that you are working with premultiplied alpha all the time. So the correct solution would be to make that true. That means:
(1) You need to make sure that your input texture also has premultiplied alpha, i.e. all its RGB values must be multiplied with their alpha value. This is generally what game engines do, all their textures have premultiplied alpha. Either every pixel must already be edited in the source file, or you do the multiplication once for each pixel in the texture after loading the image.
AND
(2) You need to convince every alpha blending component in your rendering pipeline to use premultiplied alpha blending, instead of "normal" alpha blending. It seems you use the "glfx" framework, I don't know glfx, so I don't know how you can make it blend correctly. Maybe check the docs. In case you are using raw OpenGL/WebGL, then this is the way to tell the pipeline that it should assume premultiplied alpha values when blending:
gl.blendEquation(gl.FUNC_ADD); // Normally not needed because it's the default
gl.blendFunc(gl.ONE, gl.ONE_MINUS_SRC_ALPHA);
(This can be derived from the analyzing the formula for source-over alpha blending, but without the last division step.)
The above code tells OpenGL/WebGL that every time it's blending two pixels on top of another, it should calculate the final RGBA values in a way that's correct assuming that both the "top" and the "bottom" pixel has premultiplied alpha applied to it.
For higher level APIs (for example, GDI+), you can typically specify the pixel format of images, where there is a separation between RGBA and RGBPA, in which case the API will automatically choose correct blending. That may not be true for glfx though. In essence, you always need to be aware whether the pixel format of your textures and drawing surfaces have premultiplied alpha or not, there is no magic code that always works correctly.
(Also note that using premultiplied alpha has other advantages too.)
For a quick fix, it appears that the framework you're using performs alpha blending so that it expects non-premultiplied alpha values. So you could just undo the premultiplication by adding this at the end:
color.rgb /= color.a;
gl_FragColor = color;
But for correctness, you still need to premultiply the alpha values of your input texture.
Because at the rounded corners, your input texture contains pixels which are fully white, but semi-transparent; their RGBA values would look like this:
[1.0, 1.0, 1.0, 0.8]
For the blending code to work correctly, the values should be
[0.8, 0.8, 0.8, 0.8]
,
because otherwise the line color.rgb /= color.a; would give you RGB values greater than 1.