Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.027%
Price spread now: Variational Omni against BloFin−0.031%7-day average −0.053% · 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)−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.031%, 7d avg −0.053%
=Together, before fees−0.112%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.022% dearer against BloFin than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.053%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3476 | 0.0220 | pay 0.0220% / 8h | 5h 10m | $4.7M | $3.9M | 50x |
| Short | Variational Omni TRX | 0.3475 | 0.0100 | get 0.0100% / 8h | 5h 10m | $568K | $37K | — |
BloFin TRX-USDT
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$25.2
- Price spread: −0.031% → −0.053%
- $2.18
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.02
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Variational Omni: RFQ quote, 53 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 BloFin live order book, 3 min ago | 0.14 bp | 6.1 bp −$6 | 9.4 bp −$94 | 23.5 bp −$2,351 | doesn't fit |
| Sell Variational Omni RFQ quote, 53 min ago | 5.75 bp | doesn't fit | 8.6 bp −$86 | 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 | 0.3475 | −0.013% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3476 | +0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3477 | +0.017% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3476 | +0.005% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.004% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3476 | −0.003% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3476 | −0.003% | $485K | $664K | 10x | as long as short |
| Backpack TRX_USDC_PERP | +0.0096% | 1h | 0.3475 | −0.023% | $59K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3476 | −0.012% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3474 | −0.041% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3479 | +0.078% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3475 | −0.032% | $961K | $692K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3476 | +0.003% | $105.1M | $57.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3476 | −0.006% | $53.8M | $11.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3476 | +0.012% | $15.6M | $9.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3476 | −0.006% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3476 | +0.003% | $18.7M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3476 | +0.009% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3476 | +0.009% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRXshort | +0.0100% | 8h | 0.3475 | −0.031% | $568K | $37K | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3474 | −0.049% | $592K | $470K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3474 | −0.060% | $116K | $560K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3474 | −0.045% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3476 | 0.000% | $411 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3475 | −0.032% | $838K | $829K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3477 | +0.020% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3475 | −0.020% | $198K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3474 | −0.046% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTlong | +0.0220% | 8h | 0.3476 | long leg | $4.7M | $3.9M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3476 | +0.010% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3477 | +0.024% | $2.4M | $1.7M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0662% | 1h | 0.3479 | +0.102% | $845K | $502K | 25x | as long as short |
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
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL