Funding arb · Price arb /

TRX

all TRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: ApeX Omni against Variational Omni+0.091%58s7-day average +0.062% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.091%, 7d avg +0.062%

Together, before fees+0.134%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.029% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.062%. The two prices were read 58 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	0.3469	0.0100	pay 0.0100% / 8h	4h 42m	$568K	$37K	—
Short	ApeX Omni TRXUSDT	0.3472	0.0100	get 0.0013% / 1h	42m 28s	$115K	$564K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.062%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 17 min ago; ApeX Omni: live order book, 15 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 Variational Omni RFQ quote, 17 min ago	5.76 bp	doesn't fit	8.6 bp −$86	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 15 min ago	4.61 bp	11.8 bp −$12	105.1 bp −$1,051	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	0.3469	+0.017%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3472	+0.082%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3471	+0.063%	$182K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3472	+0.086%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.803%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0045%	1h	0.3470	+0.039%	$62K	$5K	10x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3471	+0.047%	—	$6.5M	—	as long as short
SoDEX TRX-USD	+0.0074%	1h	0.3471	+0.050%	$405	$5K	5x	as long as short
Paradex TRX-USD-PERP	+0.0090%	8h	0.3470	+0.035%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3471	+0.047%	$484K	$669K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRX_USDC	+0.0098%	8h	0.3470	+0.044%	$15K	$100K	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3473	+0.122%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3470	+0.040%	$961K	$695K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3471	+0.056%	$105.0M	$58.5M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3470	+0.033%	$53.6M	$11.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3471	+0.047%	$15.5M	$9.7M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3470	+0.042%	$9.6M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3470	+0.044%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3472	+0.082%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3471	+0.065%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRXlong	+0.0100%	8h	0.3469	long leg	$568K	$37K	—
edgeX TRXUSDC	+0.0100%	4h	0.3470	+0.030%	$592K	$473K	20x	as long as short
ApeX Omni TRXUSDTshort	+0.0100%	1h	0.3472	+0.091%	$115K	$564K	50x
SunX TRX-USDT	+0.0100%	8h	0.3470	+0.030%	$197K	$1.2M	30x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3469	−0.005%	$833K	$841K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3470	+0.039%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3469	+0.009%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3469	−0.006%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3470	+0.042%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0261%	1h	0.3471	+0.065%	$2.4M	$1.7M	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3472	+0.077%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0476%	1h	0.3474	+0.150%	$843K	$503K	25x	as long as short