TRX

Alert

Funding spread now, next payment 19:00 UTC−0.0031%/8h

paid, last 24h−0.017%paid, last 3 days−0.097%to open and closeno order book

Long on Variational Omni Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRX	0.3437	−0.0063	get 0.0063% / 8h	4h 56m	$558K	$34K	—
Short	Phoenix TRX	0.3439	−0.0093	pay 0.0012% / 1h	56m 33s	$5K	$13K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee PhoenixbpOrdersRate

Funding earned: −$6.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$13.42
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.064%
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 Variational Omni RFQ quote, 39 min ago	5.81 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Backpack TRX_USDC_PERP	−0.0221%	1h	$60K	$4K	10x	as long as short
BingX TRX-USDC	−0.0161%	8h	—	$6.5M	—	as long as short
Bybit TRXUSDT	−0.0152%	8h	$54.6M	$7.6M	75x	as long as short
Injective TRX/USDC PERP	−0.0135%	1h	$1K	$52K	12x	as long as short
Reya TRXRUSDPERP	−0.0133%	1h	$5	—	20x	as long as short
Aster TRXUSDT	−0.0101%	8h	$913K	$589K	75x	as long as short
Phoenix TRXshort	−0.0093%	1h	$5K	$13K	10x
Variational Omni TRXlong	−0.0063%	8h	$558K	$34K	—
Kraken Futures PF_TRXUSD	−0.0045%	1h	$1.8M	$893K	25x	as long as short
HTX TRX-USDT	−0.0041%	8h	$827K	$655K	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TRXUSDT	−0.0019%	8h	$99.2M	$50.7M	75x	as long as short
MEXC TRX_USDT	−0.0018%	8h	$17.0M	$1.6M	200x	as long as short
Extended TRX-USD	−0.0016%	1h	$194K	$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
OKX TRX-USDT-SWAP	+0.0008%	8h	$15.5M	$8.5M	50x	as long as short
Paradex TRX-USD-PERP	+0.0016%	8h	$8K	$333	20x	as long as short
Lighter TRX	+0.0016%	1h	$484K	$614K	10x	as long as short
Phemex TRXUSDT	+0.0036%	8h	$3.7M	$1.5M	50x	as long as short
SoDEX TRX-USD	+0.0038%	1h	$401	$5K	5x	as long as short
Gate TRX_USDT	+0.0058%	8h	$9.6M	$2.4M	75x	as long as short
Bitget TRXUSDT	+0.0070%	8h	$9.4M	$2.0M	75x	as long as short
Aevo TRX-PERP	+0.0080%	1h	$33K	—	3x	as long as short
Orderly PERP_TRX_USDC	+0.0082%	8h	$14K	$107K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	$13.1M	$2.2M	10x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	$8.6M	$3.6M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	$586K	$445K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$531K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$900K	30x	as long as short
BloFin TRX-USDT	+0.0101%	8h	$4.7M	$3.9M	50x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0323%	1h	$829K	$369K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0337% / S −0.0340%	1h	$18K	—	100x	as long as short
dYdX TRX-USD	+0.0611%	1h	$186K	$3K	10x	as long as short