Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.050%
Price spread now: dYdX against Variational Omni+0.012%7-day average +0.079% · 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)+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.012%, 7d avg +0.079%
=Together, before fees+0.280%+ Points / potential airdropVariational Omni: Active · farm board+$28 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 dYdX is 0.067% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.079%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.197%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3472 | 0.0100 | pay 0.0100% / 8h | 6h 06m | $567K | $36K | — |
| Short | dYdX TRX-USD | 0.3472 | 0 | get 0.0000% / 1h | 6m 58s | $182K | $10K | 10x |
Variational Omni TRX
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.012% → +0.079%
- −$6.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$37.69
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 62 min ago; dYdX: live order book, 62 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, 62 min ago | 5.78 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 62 min ago | 64.38 bp | 69.4 bp −$69 | 190.8 bp −$1,908 | 458.8 bp −$45.9K | 878.0 bp −$439.0K |
TRX on 31 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 | 0.3473 | +0.036% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3473 | +0.026% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3472 | +0.012% | $182K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3473 | +0.029% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.890% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | +0.0040% | 8h | 0.3474 | +0.058% | $8.7M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0079% | 1h | 0.3472 | +0.003% | $59K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0096% | 8h | 0.3472 | +0.012% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3473 | +0.018% | $484K | $663K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0098% | 8h | 0.3473 | +0.036% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Lighter TRX
Paradex TRX-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3474 | +0.061% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3472 | +0.006% | $959K | $673K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3473 | +0.033% | $103.3M | $53.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | +0.020% | $54.1M | $10.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3473 | +0.043% | $15.5M | $9.1M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3473 | +0.026% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3473 | +0.032% | $18.9M | $2.1M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3473 | +0.041% | $10.3M | $3.3M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3473 | +0.038% | — | $6.5M | — | as long as short |
| Variational Omni TRXlong | +0.0100% | 8h | 0.3472 | long leg | $567K | $36K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3471 | −0.026% | $592K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | +0.006% | $115K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3469 | −0.084% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | +0.020% | $407 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3472 | +0.015% | $835K | $809K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3473 | +0.043% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3472 | +0.010% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3470 | −0.042% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3473 | +0.027% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0524% | 1h | 0.3474 | +0.066% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0703% | 1h | 0.3477 | +0.135% | $815K | $478K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL