Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.77 per $10,000 · paid last 24h +0.014%
Price spread now: Phemex against Variational Omni+0.007%7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.007%, 7d avg +0.060%
=Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.054% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.060%). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3451 | 0.0023 | pay 0.0023% / 8h | 7h 35m | $564K | $36K | — |
| Short | Phemex TRXUSDT | 0.3451 | 0.0100 | get 0.0100% / 8h | 7h 35m | $3.8M | $1.6M | 50x |
Variational Omni TRX
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $16.15
- Price spread: +0.007% → +0.060%
- −$5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.21
- Costs to cover
- 0.120%
- Break-even
- 7.5 days
Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Phemex: live order book, 3 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 Variational Omni RFQ quote, 39 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.14 bp | 6.7 bp −$7 | 12.5 bp −$125 | 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 | 0.3451 | −0.005% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3450 | −0.019% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3452 | +0.036% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | −0.017% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3452 | +0.033% | $122K | — | 150x | as long as short |
| Variational Omni TRXlong | +0.0023% | 8h | 0.3451 | long leg | $564K | $36K | — | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.289% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0061% | 8h | 0.3452 | +0.039% | $15.6M | $8.1M | 50x | as long as short |
| MEXC TRX_USDT | +0.0061% | 8h | 0.3451 | +0.004% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0063% | 8h | 0.3451 | +0.007% | $100.1M | $46.9M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0064% | 1h | 0.3451 | −0.010% | $197K | $1.4M | 25x | as long as short |
| Backpack TRX_USDC_PERP | +0.0066% | 1h | 0.3450 | −0.016% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3450 | −0.036% | $829K | $737K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0086% | 8h | 0.3451 | +0.005% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3451 | −0.008% | $14K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3451 | −0.008% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3449 | −0.052% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3453 | +0.056% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3451 | +0.001% | $958K | $658K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3452 | +0.021% | $54.8M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3452 | +0.024% | $9.7M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3451 | −0.013% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3451 | +0.010% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3450 | −0.026% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.019% | $115K | $571K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3450 | −0.042% | $196K | $930K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3451 | +0.007% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3451 | +0.007% | $3.8M | $1.6M | 50x | |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3454 | +0.087% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0183% | 8h | 0.3451 | +0.004% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | +0.005% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0625% | 1h | 0.3455 | +0.118% | $834K | $414K | 25x | as long as short |
Extended TRX-USD
Backpack TRX_USDC_PERP
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL