Funding you earn now, next payment 01:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.002%
Price spread now: Variational Omni against Injective+0.376%76s7-day average +0.156% · 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)−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)−0.385%−$39 · spread now +0.376%, 7d avg +0.156%
=Together, before fees−0.420%+ Points / potential airdropVariational Omni: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.219% dearer against Injective than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.156%. The two prices were read 76 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 | Injective TRX/USDC PERP | 0.3441 | 0.0033 | pay 0.0004% / 1h | 20m 01s | $1K | $163K | 12x |
| Short | Variational Omni TRX | 0.3454 | 0.0050 | get 0.0050% / 8h | 7h 20m | $565K | $36K | — |
Injective TRX/USDC PERP
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- $3.5
- Price spread: +0.376% → +0.156%
- $21.94
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25.42
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 54 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 54 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
Injective: 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 | 0.3454 | +0.384% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3454 | +0.387% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | +0.450% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.447% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3455 | +0.416% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Backpack TRX_USDC_PERP | +0.0045% | 1h | 0.3454 | +0.384% | $58K | $4K | 10x | as long as short |
| Variational Omni TRXshort | +0.0050% | 8h | 0.3454 | +0.376% | $565K | $36K | — | |
| MEXC TRX_USDT | +0.0075% | 8h | 0.3454 | +0.389% | $18.4M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0077% | 8h | 0.3454 | +0.392% | $100.7M | $48.1M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0078% | 8h | 0.3453 | +0.341% | $830K | $754K | 75x | as long as short |
| Extended TRX-USD | +0.0080% | 1h | 0.3453 | +0.357% | $194K | $1.1M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0086% | 8h | 0.3455 | +0.398% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3455 | +0.393% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | +0.392% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | +0.392% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3452 | +0.331% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3456 | +0.448% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3455 | +0.408% | $956K | $664K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | +0.398% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | +0.407% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3454 | +0.387% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3455 | +0.401% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3456 | +0.432% | $590K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3457 | +0.477% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | +0.323% | $196K | $956K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | +0.407% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | +0.410% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.470% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0195% | 8h | 0.3455 | +0.401% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | +0.405% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0572% | 1h | 0.3459 | +0.511% | $846K | $421K | 25x | as long as short |
HTX TRX-USDT
Extended TRX-USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL