Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average—if it closes, per $10,000$1funding while held, a day−$2.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3440 | −0.0023 | get 0.0023% / 8h | 6h 00m | $558K | $34K | — |
| Short | Backpack TRX_USDC_PERP | 0.3440 | −0.0117 | pay 0.0015% / 1h | 0m 24s | $60K | $4K | 10x |
Variational Omni TRX
Backpack TRX_USDC_PERPPrice 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
- $0.5
- Funding while held
- −$2.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$12.32
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0094%
- Per $10,000 a day
- −$2.82
- 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 Variational Omni RFQ quote, 40 min ago | 5.82 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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.Injective0.3428cheapestAevo0.3439+0.316%Bitget0.3439+0.324%HTX0.3439+0.332%Aster0.3440+0.338%ApeX Omni0.3440+0.338%Extended0.3440+0.341%
Injective
Aevo
Bitget
HTX
Aster
ApeX Omni
ExtendedVariational Omni0.3440+0.345%
Lighter0.3440+0.350%Bybit0.3440+0.350%
Lighter
BybitBackpack0.3440+0.350%
Binance0.3440+0.352%Reya0.3440+0.352%Gate0.3440+0.353%BingX0.3440+0.353%Paradex0.3440+0.361%MEXC0.3440+0.362%OKX0.3441+0.365%BloFin0.3441+0.365%edgeX0.3441+0.370%SoDEX0.3441+0.370%Phemex0.3441+0.370%Orderly0.3441+0.376%KuCoin0.3441+0.382%Phoenix0.3442+0.397%Hyperliquid0.3442+0.414%gTrade (Gains Network)0.3442+0.415%GMX0.3442+0.422%dYdX0.3443+0.447%Kraken Futures0.3443+0.448%SunX0.3444+0.465%Deribit0.3445+0.496%
Binance
Reya
Gate
BingX
Paradex
MEXC
OKX
BloFin
SoDEX
Phemex
Orderly
KuCoin
Phoenix
Hyperliquid
gTrade (Gains Network)
GMX
dYdX
Kraken Futures
SunX
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 | −0.344% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Aevo TRX-PERP | −0.029% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Bitget TRXUSDT | −0.021% | +0.0100% | 8h | $9.4M | $2.0M | 75x | as long as short |
| HTX TRX-USDT | −0.013% | −0.0113% | 8h | $828K | $648K | 75x | as long as short |
| Aster TRXUSDT | −0.007% | −0.0134% | 8h | $913K | $584K | 75x | as long as short |
| ApeX Omni TRXUSDT | −0.007% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| Extended TRX-USD | −0.004% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Variational Omni TRXlong | 0.000% | −0.0023% | 8h | $558K | $34K | — | |
| Lighter TRX | +0.005% | +0.0064% | 1h | $471K | $598K | 10x | as long as short |
| Bybit TRXUSDT | +0.005% | −0.0175% | 8h | $54.6M | $7.5M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERPshort | +0.005% | −0.0117% | 1h | $60K | $4K | 10x | |
| Binance TRXUSDT | +0.007% | −0.0026% | 8h | $99.9M | $50.0M | 75x | as long as short |
| Reya TRXRUSDPERP | +0.007% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Gate TRX_USDT | +0.008% | +0.0048% | 8h | $9.6M | $2.5M | 75x | as long as short |
| BingX TRX-USDC | +0.008% | −0.0177% | 8h | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.016% | +0.0016% | 8h | $8K | $333 | 20x | as long as short |
| MEXC TRX_USDT | +0.017% | −0.0026% | 8h | $16.9M | $1.7M | 200x | as long as short |
| OKX TRX-USDT-SWAP | +0.020% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| BloFin TRX-USDT | +0.020% | +0.0094% | 8h | $4.6M | $3.9M | 50x | as long as short |
| edgeX TRXUSDC | +0.025% | +0.0100% | 4h | $587K | $445K | 20x | as long as short |
| SoDEX TRX-USD | +0.025% | −0.0155% | 1h | $399 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.025% | −0.0057% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Orderly PERP_TRX_USDC | +0.031% | +0.0083% | 8h | $15K | $110K | 20x | as long as short |
| KuCoin TRXUSDTM | +0.037% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Phoenix TRX | +0.052% | −0.0116% | 1h | $5K | $13K | 10x | as long as short |
| Hyperliquid TRX | +0.069% | +0.0100% | 1h | $13.1M | $2.1M | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.070% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.076% | L +0.0338% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.101% | +0.0187% | 1h | $186K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.102% | −0.0158% | 1h | $1.8M | $895K | 25x | as long as short |
| SunX TRX-USDT | +0.119% | +0.0100% | 8h | $196K | $866K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.150% | +0.0177% | 1h | $825K | $410K | 25x | as long as short |