Funding you earn now, next payment 00:00 UTC−0.0172%/8h= −18.8% APRnext payment −$1.72 per $10,000 · paid last 24h −0.034%
Price spread now: Variational Omni against Orderly−0.068%7-day average −0.050% · 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)−0.102%−$10 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.068%, 7d avg −0.050%
=Together, before fees−0.038%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3441 | 0.0090 | pay 0.0090% / 8h | 1h 26m | $14K | $107K | 20x |
| Short | Variational Omni TRX | 0.3439 | −0.0082 | pay 0.0082% / 8h | 1h 26m | $562K | $39K | — |
Orderly PERP_TRX_USDC
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- −$36.13
- Price spread: −0.068% → −0.050%
- −$1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$43.94
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 58 min ago | 5.82 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
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 | 0.3441 | −0.017% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.012% | $1K | $163K | 12x | as long as short |
| Variational Omni TRXshort | −0.0082% | 8h | 0.3439 | −0.068% | $562K | $39K | — | |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.006% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0064% | 8h | 0.3441 | −0.012% | $54.7M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0050% | 8h | 0.3441 | −0.020% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3438 | −0.112% | $825K | $717K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0013% | 1h | 0.3441 | −0.006% | $58K | $4K | 10x | as long as short |
| Aster TRXUSDT | −0.0001% | 8h | 0.3442 | +0.005% | $957K | $658K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.029% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
HTX TRX-USDT
Backpack TRX_USDC_PERP
Aster TRXUSDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | 0.0000% | 8h | 0.3441 | −0.009% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.038% | $121K | — | 150x | as long as short |
| SoDEX TRX-USD | +0.0006% | 1h | 0.3441 | −0.023% | $405 | $5K | 5x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.012% | $482K | $637K | 10x | as long as short |
| MEXC TRX_USDT | +0.0012% | 8h | 0.3442 | +0.012% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0014% | 8h | 0.3442 | +0.014% | $99.3M | $48.3M | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.022% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.029% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0049% | 8h | 0.3440 | −0.038% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | −0.016% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3441 | −0.009% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.071% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | −0.009% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDClong | +0.0090% | 8h | 0.3441 | long leg | $14K | $107K | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.049% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | +0.015% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | −0.003% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.049% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | 0.000% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.009% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.027% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0430% | 1h | 0.3444 | +0.080% | $832K | $411K | 25x | as long as short |
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
SoDEX TRX-USD
Lighter TRX
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL