Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.001%
Price spread now: SoDEX against Variational Omni+0.021%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.021% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3439 | −0.0070 | get 0.0070% / 8h | 1h 10m | $562K | $39K | — |
| Short | SoDEX TRX-USD | 0.3440 | 0.0021 | get 0.0003% / 1h | 10m 59s | $400 | $5K | 5x |
Variational Omni TRX
SoDEX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $18.96
- Price spread: +0.021% → 0.000%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $13.08
- Costs to cover
- 0.080%
- Break-even
- 2.2 days
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; SoDEX: 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, 8 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 0.3439 | +0.003% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.056% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0073% | 8h | 0.3439 | −0.014% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.056% | $5K | $13K | 10x | as long as short |
| Variational Omni TRXlong | −0.0070% | 8h | 0.3439 | long leg | $562K | $39K | — | |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3440 | +0.018% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0026% | 1h | 0.3440 | +0.039% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | −0.003% | $826K | $720K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0003% | 8h | 0.3440 | +0.021% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.097% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.063% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3439 | +0.004% | $482K | $637K | 10x | as long as short |
| Aster TRXUSDT | +0.0014% | 8h | 0.3440 | +0.036% | $956K | $659K | 75x | as long as short |
| Binance TRXUSDT | +0.0016% | 8h | 0.3440 | +0.031% | $99.3M | $48.2M | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.004% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3440 | +0.024% | $18.2M | $1.7M | 200x | as long as short |
| SoDEX TRX-USDshort | +0.0021% | 1h | 0.3440 | +0.021% | $400 | $5K | 5x | |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.062% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3439 | +0.009% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0064% | 8h | 0.3440 | +0.024% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3440 | +0.033% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3440 | +0.015% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.035% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | +0.027% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.079% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | +0.018% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.033% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.009% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.068% | $115K | $550K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.075% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.055% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0497% | 1h | 0.3444 | +0.142% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Aster TRXUSDT
Binance TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL