TRX

Alert

Funding spread now, next payment 17:00 UTC+0.0125%/8h

paid, last 24h+0.017%paid, last 3 days+0.096%to open and closeno order book

Long on Phoenix Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TRX	0.3441	−0.0116	get 0.0015% / 1h	33m 23s	$5K	$13K	10x
Short	Variational Omni TRX	0.3438	0.0009	get 0.0009% / 8h	6h 33m	$558K	$35K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Variational OmnibpOrdersRate

Funding earned: $26.21
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.21
Break-even: 1.9 days

Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.088%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 7 min ago	5.82 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit

Phoenix: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit TRXUSDT	−0.0194%	8h	$54.6M	$7.6M	75x	as long as short
BingX TRX-USDT	−0.0192%	8h	—	$35.3M	—	as long as short
Kraken Futures PF_TRXUSD	−0.0158%	1h	$1.8M	$896K	25x	as long as short
Aster TRXUSDT	−0.0146%	8h	$913K	$583K	75x	as long as short
SoDEX TRX-USD	−0.0142%	1h	$406	$5K	5x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	$5	—	20x	as long as short
Backpack TRX_USDC_PERP	−0.0125%	1h	$60K	$4K	10x	as long as short
Phoenix TRXlong	−0.0116%	1h	$5K	$13K	10x
HTX TRX-USDT	−0.0079%	8h	$834K	$633K	75x	as long as short
Phemex TRXUSDT	−0.0021%	8h	$3.7M	$1.5M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TRXUSDT	−0.0012%	8h	$100.0M	$50.1M	75x	as long as short
MEXC TRX_USDT	−0.0011%	8h	$17.0M	$1.7M	200x	as long as short
Extended TRX-USD	−0.0008%	1h	$195K	$1.1M	25x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	$121K	—	150x	as long as short
Variational Omni TRXshort	+0.0009%	8h	$558K	$35K	—
OKX TRX-USDT-SWAP	+0.0017%	8h	$15.5M	$8.7M	50x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	$1K	$42K	12x	as long as short
Paradex TRX-USD-PERP	+0.0042%	8h	$8K	$333	20x	as long as short
Lighter TRX	+0.0080%	1h	$447K	$573K	10x	as long as short
Aevo TRX-PERP	+0.0080%	1h	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0083%	8h	$15K	$110K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	$13.1M	$2.1M	10x	as long as short
Gate TRX_USDT	+0.0100%	8h	$9.6M	$2.4M	75x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	$9.4M	$2.1M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	$587K	$448K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$536K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$861K	30x	as long as short
BloFin TRX-USDT	+0.0109%	8h	$4.6M	$3.9M	50x	as long as short
dYdX TRX-USD	+0.0175%	1h	$186K	$3K	10x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0221%	1h	$815K	$401K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0337% / S −0.0340%	1h	$18K	—	100x	as long as short