Spread before costs (cost unknown: a leg has no order-book sample)−0.062%
7d average−0.063%if it closes, per $10,000$6funding while held, a day+$1.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3440 | −0.0025 | get 0.0025% / 8h | 6h 33m | $3.7M | $1.5M | 50x |
| Short | Variational Omni TRX | 0.3438 | 0.0009 | get 0.0009% / 8h | 6h 33m | $558K | $35K | — |
Phemex TRXUSDT
Variational Omni TRXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.23
- Funding while held
- $1.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$17.22
- Spread needed to break even
- 0.120%
Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.01
- Average in range /8h
- —
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 Phemex live order book, 2 min ago | 0.14 bp | 6.7 bp −$7 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 7 min ago | 5.82 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestHTX0.3437+0.275%
Injective
HTXVariational Omni0.3438+0.285%
Bybit0.3438+0.292%Aster0.3439+0.319%Extended0.3439+0.323%OKX0.3439+0.324%Bitget0.3439+0.324%BingX0.3439+0.327%Reya0.3439+0.329%SoDEX0.3439+0.335%edgeX0.3440+0.336%Paradex0.3440+0.336%Binance0.3440+0.336%Lighter0.3440+0.338%MEXC0.3440+0.338%Gate0.3440+0.347%
Bybit
Aster
Extended
OKX
Bitget
BingX
Reya
SoDEX
Paradex
Binance
Lighter
MEXC
GatePhemex0.3440+0.347%
Backpack0.3440+0.353%Orderly0.3440+0.353%BloFin0.3440+0.359%KuCoin0.3441+0.368%Phoenix0.3441+0.373%ApeX Omni0.3441+0.382%Hyperliquid0.3441+0.388%dYdX0.3441+0.388%SunX0.3441+0.393%GMX0.3442+0.394%Aevo0.3442+0.407%gTrade (Gains Network)0.3442+0.408%Kraken Futures0.3442+0.423%Deribit0.3443+0.451%
Backpack
Orderly
BloFin
KuCoin
Phoenix
ApeX Omni
Hyperliquid
dYdX
SunX
GMX
Aevo
gTrade (Gains Network)
Kraken Futures
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.346% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| HTX TRX-USDT | −0.072% | −0.0081% | 8h | $834K | $633K | 75x | as long as short |
| Variational Omni TRXshort | −0.062% | +0.0009% | 8h | $558K | $35K | — | |
| Bybit TRXUSDT | −0.055% | −0.0194% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Aster TRXUSDT | −0.028% | −0.0146% | 8h | $913K | $583K | 75x | as long as short |
| Extended TRX-USD | −0.024% | −0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| OKX TRX-USDT-SWAP | −0.023% | +0.0017% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Bitget TRXUSDT | −0.023% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | −0.020% | −0.0192% | 8h | — | $6.5M | — | as long as short |
| Reya TRXRUSDPERP | −0.018% | −0.0133% | 1h | $5 | — | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX TRX-USD | −0.012% | −0.0142% | 1h | $406 | $5K | 5x | as long as short |
| edgeX TRXUSDC | −0.012% | +0.0100% | 4h | $587K | $448K | 20x | as long as short |
| Paradex TRX-USD-PERP | −0.011% | +0.0042% | 8h | $8K | $333 | 20x | as long as short |
| Binance TRXUSDT | −0.011% | −0.0012% | 8h | $100.0M | $50.1M | 75x | as long as short |
| Lighter TRX | −0.009% | +0.0080% | 1h | $447K | $573K | 10x | as long as short |
| MEXC TRX_USDT | −0.009% | −0.0011% | 8h | $17.0M | $1.7M | 200x | as long as short |
| Gate TRX_USDT | 0.000% | +0.0100% | 8h | $9.6M | $2.4M | 75x | as long as short |
| Phemex TRXUSDTlong | 0.000% | −0.0025% | 8h | $3.7M | $1.5M | 50x | |
| Backpack TRX_USDC_PERP | +0.006% | −0.0121% | 1h | $60K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.006% | +0.0083% | 8h | $15K | $110K | 20x | as long as short |
| BloFin TRX-USDT | +0.012% | +0.0108% | 8h | $4.6M | $3.9M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.020% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Phoenix TRX | +0.026% | −0.0116% | 1h | $5K | $13K | 10x | as long as short |
| ApeX Omni TRXUSDT | +0.035% | +0.0100% | 1h | $115K | $536K | 50x | as long as short |
| Hyperliquid TRX | +0.041% | +0.0100% | 1h | $13.1M | $2.1M | 10x | as long as short |
| dYdX TRX-USD | +0.041% | +0.0175% | 1h | $186K | $3K | 10x | as long as short |
| SunX TRX-USDT | +0.045% | +0.0100% | 8h | $196K | $861K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.047% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| Aevo TRX-PERP | +0.059% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.061% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.075% | −0.0158% | 1h | $1.8M | $896K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.103% | +0.0221% | 1h | $815K | $401K | 25x | as long as short |