Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.003%
Price spread now: Injective against Variational Omni−0.803%7-day average −0.182% · 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)+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.774%+$77 · spread now −0.803%, 7d avg −0.182%
=Together, before fees+0.810%+ Points / potential airdropVariational Omni: Active · farm board+$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.621% cheaper against Variational Omni than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of −0.182%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3469 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $568K | $37K | — |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 42m 59s | $1K | $163K | 12x |
Variational Omni TRX
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$14
- Price spread: −0.803% → −0.182%
- −$62.15
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$76.17
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Injective: no order-book sample. 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 Variational Omni RFQ quote, 16 min ago | 5.76 bp | doesn't fit | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.3470 | +0.032% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3472 | +0.082% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3471 | +0.063% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3471 | +0.069% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −0.803% | $1K | $163K | 12x | |
| Backpack TRX_USDC_PERP | +0.0045% | 1h | 0.3470 | +0.039% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3470 | +0.044% | — | $6.5M | — | as long as short |
| SoDEX TRX-USD | +0.0074% | 1h | 0.3471 | +0.050% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0091% | 8h | 0.3470 | +0.027% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3471 | +0.053% | $484K | $669K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
BingX TRX-USDC
SoDEX TRX-USD
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3470 | +0.033% | $14K | $100K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3473 | +0.119% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3470 | +0.024% | $962K | $695K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | +0.051% | $105.0M | $58.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3470 | +0.033% | $53.6M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3470 | +0.030% | $15.5M | $9.7M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3471 | +0.047% | $9.6M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3471 | +0.056% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3472 | +0.079% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3472 | +0.076% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRXlong | +0.0100% | 8h | 0.3469 | long leg | $568K | $37K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3470 | +0.030% | $592K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | +0.091% | $115K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | +0.030% | $197K | $1.2M | 30x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3469 | −0.005% | $833K | $841K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3470 | +0.039% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3469 | +0.009% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3469 | −0.006% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3470 | +0.042% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3471 | +0.065% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3472 | +0.077% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0476% | 1h | 0.3474 | +0.150% | $843K | $503K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL