Spread before costs (cost unknown: a leg has no order-book sample)−0.078%
7d average—if it closes, per $10,000$8funding while held, a day+$4.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TRX-USD | 0.3446 | −0.0100 | get 0.0012% / 1h | 5m 20s | $405 | $5K | 5x |
| Short | Variational Omni TRX | 0.3443 | 0.0041 | get 0.0041% / 8h | 7h 05m | $559K | $35K | — |
SoDEX TRX-USD
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
- −$7.84
- Funding while held
- $4.24
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.6
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 40 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0141%
- Per $10,000 a day
- +$4.24
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 40 min ago | 5.80 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
SoDEX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapest
InjectiveVariational Omni0.3443+0.438%
BloFin0.3444+0.455%SunX0.3444+0.458%Aevo0.3444+0.460%HTX0.3444+0.471%Aster0.3444+0.475%Bybit0.3445+0.496%ApeX Omni0.3445+0.496%OKX0.3445+0.499%Bitget0.3445+0.499%Reya0.3445+0.503%BingX0.3445+0.505%Extended0.3445+0.505%Lighter0.3445+0.508%Binance0.3446+0.511%MEXC0.3446+0.516%
BloFin
SunX
Aevo
HTX
Aster
Bybit
ApeX Omni
OKX
Bitget
Reya
BingX
Extended
Lighter
Binance
MEXCSoDEX0.3446+0.516%
Gate0.3446+0.519%Paradex0.3446+0.522%Backpack0.3446+0.522%edgeX0.3446+0.523%Phemex0.3446+0.525%Orderly0.3446+0.534%Hyperliquid0.3447+0.543%KuCoin0.3447+0.546%Phoenix0.3447+0.548%dYdX0.3447+0.558%gTrade (Gains Network)0.3448+0.575%GMX0.3448+0.580%Kraken Futures0.3449+0.601%Deribit0.3450+0.638%
Gate
Paradex
Backpack
Phemex
Orderly
Hyperliquid
KuCoin
Phoenix
dYdX
gTrade (Gains Network)
GMX
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 | −0.514% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| Variational Omni TRXshort | −0.078% | +0.0041% | 8h | $559K | $35K | — | |
| BloFin TRX-USDT | −0.061% | +0.0005% | 8h | $4.6M | $3.9M | 50x | as long as short |
| SunX TRX-USDT | −0.058% | +0.0100% | 8h | $196K | $853K | 30x | as long as short |
| Aevo TRX-PERP | −0.056% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.045% | −0.0048% | 8h | $835K | $628K | 75x | as long as short |
| Aster TRXUSDT | −0.041% | −0.0156% | 8h | $913K | $582K | 75x | as long as short |
| Bybit TRXUSDT | −0.020% | −0.0128% | 8h | $54.6M | $7.5M | 75x | as long as short |
| ApeX Omni TRXUSDT | −0.020% | +0.0100% | 1h | $115K | $536K | 50x | as long as short |
| OKX TRX-USDT-SWAP | −0.017% | +0.0032% | 8h | $15.5M | $8.7M | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | −0.017% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Reya TRXRUSDPERP | −0.013% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| BingX TRX-USDC | −0.012% | −0.0100% | 8h | — | $6.5M | — | as long as short |
| Extended TRX-USD | −0.011% | 0.0000% | 1h | $195K | $1.1M | 25x | as long as short |
| Lighter TRX | −0.009% | +0.0096% | 1h | $446K | $566K | 10x | as long as short |
| Binance TRXUSDT | −0.005% | 0.0000% | 8h | $100.4M | $50.9M | 75x | as long as short |
| MEXC TRX_USDT | 0.000% | +0.0001% | 8h | $17.3M | $1.7M | 200x | as long as short |
| SoDEX TRX-USDlong | 0.000% | −0.0100% | 1h | $405 | $5K | 5x | |
| Gate TRX_USDT | +0.003% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.006% | +0.0054% | 8h | $8K | $333 | 20x | as long as short |
| Backpack TRX_USDC_PERP | +0.006% | −0.0121% | 1h | $60K | $4K | 10x | as long as short |
| edgeX TRXUSDC | +0.007% | +0.0100% | 4h | $588K | $450K | 20x | as long as short |
| Phemex TRXUSDT | +0.009% | −0.0035% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Orderly PERP_TRX_USDC | +0.017% | +0.0083% | 8h | $15K | $111K | 20x | as long as short |
| Hyperliquid TRX | +0.026% | +0.0100% | 1h | $13.1M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.029% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Phoenix TRX | +0.032% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | +0.042% | +0.0003% | 1h | $186K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.059% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.063% | L +0.0339% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.084% | +0.0116% | 1h | $1.9M | $892K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.121% | +0.0295% | 1h | $797K | $381K | 25x | as long as short |