Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.021%
Price spread now: Variational Omni against Backpack−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3482 | 0.0015 | pay 0.0002% / 1h | 0m 12s | $62K | $5K | 10x |
| Short | Variational Omni TRX | 0.3482 | 0.0100 | get 0.0100% / 8h | 0m 12s | $569K | $30K | — |
Backpack TRX_USDC_PERP
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- $17.85
- Price spread: −0.005% → 0.000%
- −$0.49
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $7.37
- Costs to cover
- 0.100%
- Break-even
- 4.1 days
Slippage unknown: Backpack: no order-book sample; Variational Omni: RFQ quote, 39 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 39 min ago | 4.31 bp | doesn't fit | 10.1 bp −$101 | doesn't fit | doesn't fit |
Backpack: 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 | 0.3482 | +0.003% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0089% | 8h | 0.3479 | −0.079% | $834K | $959K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3484 | +0.040% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | +0.032% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3483 | +0.036% | $126K | — | 150x | as long as short |
| Backpack TRX_USDC_PERPlong | +0.0015% | 1h | 0.3482 | long leg | $62K | $5K | 10x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.183% | $1K | $163K | 12x | as long as short |
| SoDEX TRX-USD | +0.0041% | 1h | 0.3483 | +0.026% | $405 | $5K | 5x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3482 | −0.003% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3482 | −0.001% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
SoDEX TRX-USD
BingX TRX-USDC
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 | 0.3483 | +0.017% | $487K | $674K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3483 | +0.009% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3487 | +0.123% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3481 | −0.042% | $972K | $715K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3483 | +0.023% | $106.9M | $65.0M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3483 | +0.011% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3483 | +0.032% | $15.6M | $10.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3483 | +0.017% | $9.6M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3483 | +0.034% | $19.0M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3484 | +0.043% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3482 | −0.003% | $9.8M | $4.4M | 75x | as long as short |
| Variational Omni TRXshort | +0.0100% | 8h | 0.3482 | −0.005% | $569K | $30K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | −0.001% | $594K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3482 | +0.003% | $116K | $607K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3481 | −0.037% | $198K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3483 | +0.026% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3482 | −0.007% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3482 | −0.019% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | +0.023% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3484 | +0.056% | $2.3M | $1.9M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0358% | 1h | 0.3486 | +0.118% | $843K | $763K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3483 | +0.036% | $20K | — | 100x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]