Funding you earn now, next payment 20:00 UTC−0.0444%/8hpaid last 24h −0.058%
Price spread now: Variational Omni against Deribit−0.164%7-day average −0.119% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.164%, 7d avg −0.119%
=Together, before fees−0.012%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.044% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.119%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.111% in total (about -12.8% 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 | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0360 | pay 0.0045% / 1h | 6m 58s | $827K | $378K | 25x |
| Short | Variational Omni TRX | 0.3439 | −0.0084 | pay 0.0084% / 8h | 4h 06m | $564K | $42K | — |
Deribit TRX_USDC-PERPETUAL
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$93.33
- Price spread: −0.164% → −0.119%
- −$4.44
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$104.77
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 26 min ago; Variational Omni: RFQ quote, 26 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 Deribit live order book, 26 min ago | 1.45 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 26 min ago | 5.82 bp | doesn't fit | 11.6 bp −$116 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0201% | 1h | 0.3441 | −0.120% | $60K | $5K | 10x | as long as short |
| BingX TRX-USDT | −0.0148% | 8h | 0.3441 | −0.126% | — | $37.9M | — | as long as short |
| Bybit TRXUSDT | −0.0146% | 8h | 0.3439 | −0.169% | $54.6M | $7.7M | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0135% | 1h | 0.3438 | −0.207% | $1K | $79K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | −0.127% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0093% | 1h | 0.3443 | −0.076% | $5K | $13K | 10x | as long as short |
| Variational Omni TRXshort | −0.0084% | 8h | 0.3439 | −0.164% | $564K | $42K | — | |
| Aster TRXUSDT | −0.0076% | 8h | 0.3441 | −0.126% | $952K | $617K | 75x | as long as short |
| SoDEX TRX-USD | −0.0071% | 1h | 0.3441 | −0.117% | $405 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | −0.0045% | 1h | 0.3443 | −0.051% | $1.8M | $946K | 25x | as long as short |
Backpack TRX_USDC_PERP
BingX TRX-USDT
Bybit TRXUSDT
Injective TRX/USDC PERP
Reya TRXRUSDPERP
Phoenix TRX
Aster TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0033% | 8h | 0.3440 | −0.158% | $828K | $662K | 75x | as long as short |
| Extended TRX-USD | −0.0016% | 1h | 0.3441 | −0.133% | $195K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | −0.0013% | 8h | 0.3441 | −0.117% | $17.1M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | −0.0013% | 8h | 0.3441 | −0.114% | $99.3M | $50.4M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | −0.059% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0007% | 8h | 0.3441 | −0.120% | $15.6M | $8.7M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0013% | 8h | 0.3441 | −0.125% | $8K | $334 | 20x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.123% | $486K | $623K | 10x | as long as short |
| Bitget TRXUSDT | +0.0055% | 8h | 0.3440 | −0.137% | $9.4M | $2.0M | 75x | as long as short |
| Phemex TRXUSDT | +0.0060% | 8h | 0.3441 | −0.114% | $3.7M | $1.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0079% | 8h | 0.3441 | −0.120% | $9.7M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.153% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0084% | 8h | 0.3441 | −0.117% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | −0.039% | $13.3M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3441 | −0.131% | $8.6M | $3.6M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.126% | $587K | $444K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.158% | $115K | $535K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | −0.055% | $196K | $907K | 30x | as long as short |
| BloFin TRX-USDT | +0.0107% | 8h | 0.3441 | −0.117% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0204% | 1h | 0.3443 | −0.069% | $183K | $6K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0337% / S −0.0340% | 1h | 0.3443 | −0.076% | $18K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0360% | 1h | 0.3445 | long leg | $827K | $378K | 25x |
HTX TRX-USDT
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Lighter TRX
Bitget TRXUSDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
KuCoin TRXUSDTM
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]