Funding you earn now, next payment 12:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.096%
Price spread now: Variational Omni against GMX−0.105%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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.105% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRX/USD [ETH-USDC] | 0.3463 | L +0.0408% / S −0.0492% | pay 0.0051% / 1h | 48m 45s | $20K | — | 100x |
| Short | Variational Omni TRX | 0.3460 | 0.0100 | get 0.0100% / 8h | 4h 48m | $568K | $49K | — |
GMX TRX/USD [ETH-USDC]
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- −$64.72
- Price spread: −0.105% → 0.000%
- −$10.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$87.23
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 58 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 58 min ago | 5.76 bp | doesn't fit | 11.5 bp −$115 | doesn't fit | doesn't fit |
GMX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0346% | 8h | 0.3461 | −0.050% | $977K | $994K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | −0.0302% | 1h | 0.3463 | −0.013% | $2.3M | $1.8M | 25x | as long as short |
| HTX TRX-USDT | −0.0166% | 8h | 0.3460 | −0.079% | $829K | $886K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0153% | 1h | 0.3462 | −0.050% | $57K | $8K | 10x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3460 | −0.087% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0092% | 8h | 0.3460 | −0.093% | $53.3M | $13.7M | 75x | as long as short |
| BingX TRX-USDT | −0.0081% | 8h | 0.3461 | −0.061% | — | $32.5M | — | as long as short |
| Phoenix TRX | −0.0069% | 1h | 0.3463 | +0.002% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0049% | 1h | 0.3462 | −0.032% | $405 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3463 | −0.009% | $136K | — | 150x | as long as short |
Aster TRXUSDT
Kraken Futures PF_TRXUSD
HTX TRX-USDT
Backpack TRX_USDC_PERP
Reya TRXRUSDPERP
Bybit TRXUSDT
BingX TRX-USDT
Phoenix TRX
SoDEX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | +0.0026% | 8h | 0.3460 | −0.081% | $9.7M | $4.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.642% | $1K | $163K | 12x | as long as short |
| Paradex TRX-USD-PERP | +0.0072% | 8h | 0.3461 | −0.064% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3462 | −0.038% | $483K | $669K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3462 | −0.044% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3465 | +0.063% | $14.2M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3462 | −0.038% | $104.9M | $66.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | −0.047% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | −0.044% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3462 | −0.041% | $18.4M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3463 | −0.018% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRXshort | +0.0100% | 8h | 0.3460 | −0.105% | $568K | $49K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | −0.057% | $590K | $513K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | −0.006% | $116K | $619K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.074% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | −0.018% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3460 | −0.087% | $219K | $1.4M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.092% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3462 | −0.029% | $4.8M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0281% | 1h | 0.3465 | +0.054% | $788K | $714K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0408% / S −0.0492% | 1h | 0.3463 | long leg | $20K | — | 100x | |
| dYdX TRX-USD | +0.0463% | 1h | 0.3462 | −0.031% | $181K | $10K | 10x | as long as short |
Bitget TRXUSDT
Injective TRX/USDC PERP
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
dYdX TRX-USD