Funding you earn now, next payment 01:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.021%
Price spread now: Variational Omni against Lighter−0.088%7-day average −0.052% · 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)−0.107%−$11 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.088%, 7d avg −0.052%
=Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3450 | 0.0096 | pay 0.0012% / 1h | 42m 31s | $483K | $630K | 10x |
| Short | Variational Omni TRX | 0.3447 | 0.0009 | get 0.0009% / 8h | 7h 42m | $564K | $36K | — |
Lighter TRX
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter. 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
- −$18.32
- Price spread: −0.088% → −0.052%
- −$3.59
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.91
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 27 min ago; Variational Omni: RFQ quote, 32 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 Lighter live order book, 27 min ago | 0.87 bp | 2.9 bp −$3 | 10.5 bp −$105 | 39.3 bp −$3,929 | doesn't fit |
| Sell Variational Omni RFQ quote, 32 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
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 | 0.3449 | −0.015% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3449 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3449 | −0.023% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | +0.011% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.039% | $122K | — | 150x | as long as short |
| Variational Omni TRXshort | +0.0009% | 8h | 0.3447 | −0.088% | $564K | $36K | — | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.261% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3449 | −0.020% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0050% | 8h | 0.3451 | +0.020% | $15.6M | $8.4M | 50x | as long as short |
| MEXC TRX_USDT | +0.0055% | 8h | 0.3450 | +0.009% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | −0.023% | $194K | $1.2M | 25x | as long as short |
| Binance TRXUSDT | +0.0057% | 8h | 0.3450 | +0.013% | $100.0M | $47.6M | 75x | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3449 | −0.040% | $828K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0084% | 8h | 0.3450 | +0.002% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | 0.000% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3450 | +0.003% | $9.6M | $2.4M | 75x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3450 | long leg | $483K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.049% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.064% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3451 | +0.019% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | 0.000% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | 0.000% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3450 | +0.006% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3448 | −0.060% | $589K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.009% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.030% | $196K | $936K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | +0.003% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.020% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3452 | +0.057% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0176% | 8h | 0.3450 | 0.000% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3451 | +0.021% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0431% | 1h | 0.3453 | +0.099% | $834K | $417K | 25x | as long as short |
Extended TRX-USD
Binance TRXUSDT
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
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