Funding you earn now, next payment 00:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.020%
Price spread now: Variational Omni against edgeX+0.008%89s7-day average −0.032% · 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)+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.008%, 7d avg −0.032%
=Together, before fees−0.023%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.040% dearer against edgeX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.032%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.040% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3439 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $587K | $436K | 20x |
| Short | Variational Omni TRX | 0.3439 | −0.0087 | pay 0.0087% / 8h | 2h 22m | $562K | $39K | — |
edgeX TRXUSDC
Variational Omni TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$39.26
- Price spread: +0.008% → −0.032%
- $4.05
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$44.22
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 edgeX live order book, 2 min ago | 0.73 bp | 5.3 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.82 bp | doesn't fit | 8.7 bp −$87 | 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 | 0.3441 | +0.044% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | +0.026% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRXshort | −0.0087% | 8h | 0.3439 | +0.008% | $562K | $39K | — | |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.081% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0054% | 1h | 0.3441 | +0.050% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.026% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0047% | 8h | 0.3441 | +0.052% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0027% | 8h | 0.3439 | −0.005% | $826K | $709K | 75x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3441 | +0.057% | $99.3M | $49.0M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3441 | +0.058% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | +0.044% | $483K | $628K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | +0.036% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.100% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0006% | 8h | 0.3441 | +0.047% | $15.6M | $8.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.0016% | 8h | 0.3440 | +0.038% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0025% | 1h | 0.3441 | +0.055% | $404 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0049% | 8h | 0.3441 | +0.054% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDC | +0.0069% | 8h | 0.3441 | +0.047% | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.0072% | 8h | 0.3441 | +0.061% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | +0.058% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | +0.007% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.107% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.050% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.113% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.047% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3439 | long leg | $587K | $436K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.020% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.122% | $196K | $917K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3441 | +0.058% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0153% | 1h | 0.3443 | +0.104% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0337% | 1h | 0.3445 | +0.173% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.086% | $20K | — | 100x | as long as short |
Lighter TRX
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDC
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]