Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$1.54 per $10,000 · paid last 24h −0.019%
Price spread now: Variational Omni against Phemex−0.018%7-day average −0.061% · 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)−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.018%, 7d avg −0.061%
=Together, before fees−0.070%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.042% dearer against Phemex than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.061%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3441 | 0.0081 | pay 0.0081% / 8h | 1h 16m | $3.8M | $1.6M | 50x |
| Short | Variational Omni TRX | 0.3440 | −0.0073 | pay 0.0073% / 8h | 1h 16m | $563K | $39K | — |
Phemex TRXUSDT
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- −$32.32
- Price spread: −0.018% → −0.061%
- $4.23
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$40.1
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Phemex live order book, 2 min ago | 0.14 bp | 7.8 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3440 | −0.033% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.009% | $1K | $163K | 12x | as long as short |
| Variational Omni TRXshort | −0.0073% | 8h | 0.3440 | −0.018% | $563K | $39K | — | |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.049% | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0063% | 8h | 0.3439 | −0.049% | $8.7M | $3.6M | 75x | as long as short |
| Bybit TRXUSDT | −0.0052% | 8h | 0.3440 | −0.020% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0030% | 1h | 0.3440 | −0.012% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0017% | 8h | 0.3439 | −0.036% | $825K | $719K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3440 | −0.020% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.050% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Phoenix TRX
KuCoin TRXUSDTM
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 | 0.3442 | +0.037% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0013% | 8h | 0.3441 | +0.009% | $957K | $658K | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3440 | −0.015% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.040% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0018% | 8h | 0.3440 | −0.017% | $99.3M | $48.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0018% | 8h | 0.3440 | −0.017% | $18.2M | $1.7M | 200x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.032% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0042% | 1h | 0.3440 | −0.017% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0049% | 8h | 0.3440 | −0.021% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0075% | 8h | 0.3440 | −0.017% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDTlong | +0.0081% | 8h | 0.3441 | long leg | $3.8M | $1.6M | 50x | |
| Gate TRX_USDT | +0.0087% | 8h | 0.3440 | −0.029% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.065% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.003% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.047% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | −0.023% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | −0.012% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.009% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | +0.029% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.027% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.030% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0407% | 1h | 0.3444 | +0.104% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
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