Funding you earn now, next payment 09:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.057%
Price spread now: Reya against Variational Omni+0.024%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 0.024% dearer against Variational Omni than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3482 | 0.0100 | pay 0.0100% / 8h | 7h 32m | $577K | $37K | — |
| Short | Reya TRXRUSDPERP | 0.3483 | −0.0133 | pay 0.0017% / 1h | 32m 55s | $5 | — | 20x |
Variational Omni TRX
Reya TRXRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$48.97
- Price spread: +0.024% → 0.000%
- $2.37
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$52.6
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Reya: 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, 1 min ago | 5.74 bp | doesn't fit | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0215% | 8h | 0.3481 | −0.037% | $834K | $956K | 75x | as long as short |
| Reya TRXRUSDPERPshort | −0.0133% | 1h | 0.3483 | +0.024% | $5 | — | 20x | |
| Phoenix TRX | −0.0046% | 1h | 0.3484 | +0.057% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3485 | +0.100% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3485 | +0.090% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3485 | +0.098% | $2.4M | $1.9M | 25x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.175% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3484 | +0.048% | $62K | $5K | 10x | as long as short |
| Bybit TRXUSDT | +0.0061% | 8h | 0.3484 | +0.060% | $53.5M | $12.8M | 75x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3484 | +0.065% | — | $6.5M | — | as long as short |
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Bybit TRXUSDT
BingX TRX-USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0092% | 8h | 0.3479 | −0.074% | $968K | $771K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3484 | +0.048% | $9K | $171 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3484 | +0.062% | $489K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3484 | +0.065% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3488 | +0.174% | $13.4M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | +0.065% | $107.1M | $65.3M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | +0.071% | $15.6M | $11.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | +0.068% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3484 | +0.062% | $19.0M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3485 | +0.088% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3483 | +0.031% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRXlong | +0.0100% | 8h | 0.3482 | long leg | $577K | $37K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3483 | +0.032% | $594K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | +0.062% | $116K | $614K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3482 | +0.012% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3484 | +0.068% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3484 | +0.065% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3483 | +0.030% | $204K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3482 | +0.009% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3484 | +0.068% | $4.8M | $4.1M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3485 | +0.078% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0416% | 1h | 0.3487 | +0.157% | $819K | $744K | 25x | as long as short |
Aster TRXUSDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL