Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.030%

Price spread now: Variational Omni against Reya−0.041%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Variational Omni

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—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.041% cheaper against Reya than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 48 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRXRUSDPERP	0.3440	−0.0133	get 0.0017% / 1h	56m 52s	$5	—	20x
Short	Variational Omni TRX	0.3439	−0.0064	pay 0.0064% / 8h	56m 52s	$562K	$38K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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 ReyabpFee Variational OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: $14.45
Price spread: −0.041% → 0.000%: −$4.12
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.33
Costs to cover: 0.060%
Break-even: 4.9 days

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 22 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 Reya no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 22 min ago	5.81 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit

Reya: 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
Backpack TRX_USDC_PERP	−0.0164%	1h	0.3441	+0.007%	$58K	$4K	10x	as long as short
Injective TRX/USDC PERP	−0.0146%	1h	0.3441	+0.016%	$1K	$163K	12x	as long as short
Reya TRXRUSDPERPlong	−0.0133%	1h	0.3440	long leg	$5	—	20x
KuCoin TRXUSDTM	−0.0086%	8h	0.3441	+0.007%	$8.7M	$3.7M	75x	as long as short
Phoenix TRX	−0.0070%	1h	0.3442	+0.045%	$5K	$13K	10x	as long as short
Variational Omni TRXshort	−0.0064%	8h	0.3439	−0.041%	$562K	$38K	—
Bybit TRXUSDT	−0.0045%	8h	0.3441	+0.016%	$54.6M	$8.1M	75x	as long as short
HTX TRX-USDT	−0.0025%	8h	0.3439	−0.030%	$826K	$723K	75x	as long as short
SoDEX TRX-USD	−0.0023%	1h	0.3441	+0.019%	$403	$5K	5x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3442	+0.059%	$181K	$10K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRX-USDT-SWAP	+0.0002%	8h	0.3441	+0.013%	$15.6M	$8.7M	50x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3443	+0.062%	$121K	—	150x	as long as short
MEXC TRX_USDT	+0.0019%	8h	0.3441	+0.028%	$18.1M	$1.7M	200x	as long as short
Binance TRXUSDT	+0.0020%	8h	0.3441	+0.026%	$99.3M	$47.9M	75x	as long as short
Lighter TRX	+0.0024%	1h	0.3441	+0.010%	$482K	$630K	10x	as long as short
Extended TRX-USD	+0.0024%	1h	0.3440	−0.005%	$196K	$1.1M	25x	as long as short
Aster TRXUSDT	+0.0026%	8h	0.3442	+0.039%	$955K	$659K	75x	as long as short
Paradex TRX-USD-PERP	+0.0047%	8h	0.3441	+0.010%	$9K	$385	20x	as long as short
Kraken Futures PF_TRXUSD	+0.0062%	1h	0.3443	+0.074%	$1.9M	$1.0M	25x	as long as short
Phemex TRXUSDT	+0.0075%	8h	0.3441	+0.016%	$3.8M	$1.6M	50x	as long as short
BloFin TRX-USDT	+0.0082%	8h	0.3441	+0.016%	$4.6M	$4.0M	50x	as long as short
Gate TRX_USDT	+0.0085%	8h	0.3442	+0.030%	$9.6M	$2.5M	75x	as long as short
Aevo TRX-PERP	+0.0088%	1h	0.3440	−0.024%	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0090%	8h	0.3440	−0.004%	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3443	+0.077%	$13.2M	$2.2M	10x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3442	+0.039%	$9.5M	$2.1M	75x	as long as short
BingX TRX-USDC	+0.0100%	8h	0.3441	+0.001%	—	$6.5M	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3440	0.000%	$587K	$429K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3440	−0.013%	$115K	$556K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3443	+0.080%	$196K	$918K	30x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0319%	1h	0.3445	+0.125%	$832K	$411K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0365% / S −0.0395%	1h	0.3442	+0.053%	$20K	—	100x	as long as short