data as of
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Price arb /

TRX

all TRX markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.047%
7d average+0.079%if it closes, per $10,000$5funding while held, a day−$0.45
Long on Variational OmniShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TRX0.34530.0087pay 0.0087% / 8h7m 51s$560K$35K—
ShortdYdX TRX-USD0.34550.0072get 0.0009% / 1h7m 51s$187K$3K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.7
Funding while held
−$0.45
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$5.75
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 43 min ago; dYdX: live order book, 43 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0015%
Per $10,000 a day
−$0.45
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 43 min ago5.79 bpdoesn't fit8.7 bp −$87doesn't fitdoesn't fit
Sell dYdX live order book, 43 min ago18.82 bp23.8 bp −$2484.9 bp −$849154.1 bp −$15.4K596.7 bp −$298.3K

TRX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.3428cheapestHTX0.3453+0.716%ApeX Omni0.3453+0.726%SunX0.3453+0.727%Aevo0.3453+0.732%Bybit0.3453+0.735%
Variational Omni0.3453+0.739%
BloFin0.3454+0.747%Extended0.3454+0.755%Bitget0.3454+0.758%Reya0.3454+0.759%Backpack0.3454+0.761%Paradex0.3454+0.762%BingX0.3454+0.764%edgeX0.3454+0.771%Aster0.3454+0.772%Lighter0.3455+0.776%Orderly0.3455+0.782%SoDEX0.3455+0.782%Phemex0.3455+0.782%Binance0.3455+0.782%OKX0.3455+0.785%Gate0.3455+0.785%MEXC0.3455+0.785%
dYdX0.3455+0.787%
GMX0.3455+0.799%gTrade (Gains Network)0.3456+0.817%KuCoin0.3456+0.820%Phoenix0.3456+0.826%Hyperliquid0.3457+0.834%Kraken Futures0.3457+0.840%Deribit0.3458+0.869%

TRX on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective TRX/USDC PERP−0.734%+0.0033%1h$1K$97K12xas long as short
HTX TRX-USDT−0.023%−0.0274%8h$837K$624K75xas long as short
ApeX Omni TRXUSDT−0.013%+0.0100%1h$115K$547K50xas long as short
SunX TRX-USDT−0.012%+0.0100%8h$196K$831K30xas long as short
Aevo TRX-PERP−0.007%+0.0080%1h$33K—3xas long as short
Bybit TRXUSDT−0.004%+0.0051%8h$54.7M$8.0M75xas long as short
Variational Omni TRXlong0.000%+0.0087%8h$560K$35K—
BloFin TRX-USDT+0.007%+0.0024%8h$4.7M$3.9M50xas long as short
Extended TRX-USD+0.016%+0.0008%1h$195K$1.1M25xas long as short
Bitget TRXUSDT+0.019%+0.0100%8h$9.5M$2.1M75xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya TRXRUSDPERP+0.019%−0.0133%1h$5—20xas long as short
Backpack TRX_USDC_PERP+0.022%−0.0104%1h$60K$4K10xas long as short
Paradex TRX-USD-PERP+0.022%+0.0091%8h$8K$33320xas long as short
BingX TRX-USDT+0.025%+0.0002%8h—$35.3M—as long as short
edgeX TRXUSDC+0.031%+0.0100%4h$589K$449K20xas long as short
Aster TRXUSDT+0.032%−0.0168%8h$929K$554K75xas long as short
Lighter TRX+0.036%+0.0096%1h$452K$587K10xas long as short
Orderly PERP_TRX_USDC+0.042%+0.0080%8h$15K$148K20xas long as short
SoDEX TRX-USD+0.042%+0.0073%1h$407$5K5xas long as short
Phemex TRXUSDT+0.042%+0.0045%8h$3.7M$1.5M50xas long as short
Binance TRXUSDT+0.043%+0.0007%8h$101.2M$51.2M75xas long as short
OKX TRX-USDT-SWAP+0.045%+0.0022%8h$15.7M$8.9M50xas long as short
Gate TRX_USDT+0.045%+0.0043%8h$9.7M$2.5M75xas long as short
MEXC TRX_USDT+0.045%+0.0005%8h$17.5M$1.7M200xas long as short
dYdX TRX-USDshort+0.047%+0.0072%1h$187K$3K10x
GMX TRX/USD [ETH-USDC]+0.059%L +0.0340% / S −0.0344%1h$18K—100xas long as short
gTrade (Gains Network) TRX/USD+0.077%L +0.0003% / S −0.0007%1h$122K—150xas long as short
KuCoin TRXUSDTM+0.080%+0.0100%8h$8.6M$3.5M75xas long as short
Phoenix TRX+0.086%−0.0093%1h$5K$5K10xas long as short
Hyperliquid TRX+0.094%+0.0100%1h$13.2M$2.2M10xas long as short
Kraken Futures PF_TRXUSD+0.100%+0.0426%1h$1.9M$923K25xas long as short
Deribit TRX_USDC-PERPETUAL+0.129%+0.0129%1h$791K$397K25xas long as short