Funding you earn now, next payment 22:00 UTC+0.0426%/8h= +46.7% APRpaid last 24h +0.065%
Price spread now: Deribit against Variational Omni+0.171%7-day average +0.121% · 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)+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.171%, 7d avg +0.121%
=Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.051% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.121%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.121% in total (about 13.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3439 | −0.0090 | get 0.0090% / 8h | 2h 15m | $563K | $39K | — |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0337 | get 0.0042% / 1h | 15m 09s | $829K | $407K | 25x |
Variational Omni TRX
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $89.51
- Price spread: +0.171% → +0.121%
- $5.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $87.59
- Costs to cover
- 0.070%
- Break-even
- 0.1 days
Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Deribit: live order book, 9 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 Variational Omni RFQ quote, 9 min ago | 5.82 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 1.89 bp | 5.7 bp −$6 | doesn't fit | 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 | 0.3441 | +0.036% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0090% | 8h | 0.3440 | +0.013% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRXlong | −0.0090% | 8h | 0.3439 | long leg | $563K | $39K | — | |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.086% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3441 | +0.042% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.019% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0041% | 8h | 0.3441 | +0.048% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0026% | 8h | 0.3440 | +0.013% | $826K | $710K | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | +0.031% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | +0.054% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | 0.0000% | 8h | 0.3441 | +0.053% | $99.3M | $49.0M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.094% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3441 | +0.060% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | +0.042% | $482K | $639K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0009% | 8h | 0.3441 | +0.039% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0037% | 1h | 0.3441 | +0.048% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | +0.041% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0073% | 8h | 0.3441 | +0.045% | — | $40.0M | — | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | +0.051% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDT | +0.0076% | 8h | 0.3441 | +0.042% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | +0.012% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.115% | $1.9M | $975K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.051% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.115% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.045% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.049% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.048% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.131% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0101% | 8h | 0.3441 | +0.054% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0128% | 1h | 0.3443 | +0.096% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0337% | 1h | 0.3445 | +0.171% | $829K | $407K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.080% | $20K | — | 100x | as long as short |
Binance TRXUSDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDT
Phemex TRXUSDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]