Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.023%
Price spread now: Orderly against Variational Omni+0.018%7-day average +0.050% · 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)+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.018%, 7d avg +0.050%
=Together, before fees+0.118%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.031% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3461 | 0.0090 | pay 0.0090% / 8h | 6h 55m | $565K | $37K | — |
| Short | Orderly PERP_TRX_USDC | 0.3462 | 0.0093 | get 0.0093% / 8h | 6h 55m | $15K | $107K | 20x |
Variational Omni TRX
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0.52
- Price spread: +0.018% → +0.050%
- −$3.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.59
- Costs to cover
- 0.060%
- Break-even
- 122.4 days
Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Orderly: no order-book sample. 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, 13 min ago | 5.78 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 0.3461 | +0.003% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0058% | 8h | 0.3462 | +0.027% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3462 | +0.036% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.039% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.034% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0010% | 1h | 0.3461 | −0.005% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.577% | $1K | $163K | 12x | as long as short |
| Variational Omni TRXlong | +0.0090% | 8h | 0.3461 | long leg | $565K | $37K | — | |
| Orderly PERP_TRX_USDCshort | +0.0093% | 8h | 0.3462 | +0.018% | $15K | $107K | 20x | |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3461 | −0.004% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3461 | −0.008% | $484K | $618K | 10x | as long as short |
| Extended TRX-USD | +0.0096% | 1h | 0.3461 | −0.004% | $196K | $1.0M | 25x | as long as short |
| MEXC TRX_USDT | +0.0098% | 8h | 0.3461 | +0.007% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3461 | +0.004% | $101.6M | $49.0M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3464 | +0.076% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3461 | +0.012% | $956K | $667K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3462 | +0.030% | $55.1M | $8.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3461 | +0.004% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | +0.021% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3462 | +0.039% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.021% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | +0.001% | $591K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | +0.059% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.084% | $197K | $981K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.015% | $407 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3459 | −0.049% | $831K | $779K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3461 | +0.010% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.039% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0219% | 8h | 0.3462 | +0.024% | $4.5M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3462 | +0.026% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0526% | 1h | 0.3463 | +0.049% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0547% | 1h | 0.3465 | +0.127% | $785K | $424K | 25x | as long as short |
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL