Spread before costs (cost unknown: a leg has no order-book sample)+0.090%
7d average—if it closes, per $10,000$9funding while held, a day+$11.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3440 | −0.0031 | get 0.0031% / 8h | 5h 45m | $558K | $34K | — |
| Short | GMX TRX/USD [ETH-USDC] | 0.3443 | L +0.0337% / S −0.0340% | get 0.0042% / 1h | 45m 12s | $18K | — | 100x |
Variational Omni TRX
GMX TRX/USD [ETH-USDC]Price 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
- $9.02
- Funding while held
- $11.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $8.16
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 55 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0371%
- Per $10,000 a day
- +$11.13
- 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, 55 min ago | 5.82 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective0.3428cheapestAevo0.3440+0.336%
Injective
AevoVariational Omni0.3440+0.338%
HTX0.3440+0.340%Bybit0.3440+0.344%Bitget0.3440+0.353%Lighter0.3440+0.362%Extended0.3440+0.362%Aster0.3441+0.365%Reya0.3441+0.367%BingX0.3441+0.368%KuCoin0.3441+0.370%BloFin0.3441+0.370%Gate0.3441+0.373%MEXC0.3441+0.373%Phemex0.3441+0.373%edgeX0.3441+0.374%Paradex0.3441+0.376%OKX0.3441+0.376%Backpack0.3441+0.376%SoDEX0.3441+0.376%Binance0.3441+0.385%Orderly0.3441+0.385%ApeX Omni0.3441+0.391%Phoenix0.3442+0.394%
HTX
Bybit
Bitget
Lighter
Extended
Aster
Reya
BingX
KuCoin
BloFin
Gate
MEXC
Phemex
Paradex
OKX
Backpack
SoDEX
Binance
Orderly
ApeX Omni
PhoenixGMX0.3443+0.429%
gTrade (Gains Network)0.3443+0.438%dYdX0.3443+0.444%Kraken Futures0.3444+0.453%Hyperliquid0.3444+0.455%SunX0.3444+0.461%Deribit0.3445+0.488%
gTrade (Gains Network)
dYdX
Kraken Futures
Hyperliquid
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 | −0.337% | +0.0033% | 1h | $1K | $42K | 12x | as long as short |
| Aevo TRX-PERP | −0.002% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Variational Omni TRXlong | 0.000% | −0.0031% | 8h | $558K | $34K | — | |
| HTX TRX-USDT | +0.002% | −0.0094% | 8h | $828K | $650K | 75x | as long as short |
| Bybit TRXUSDT | +0.006% | −0.0174% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.015% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Lighter TRX | +0.024% | −0.0056% | 1h | $485K | $614K | 10x | as long as short |
| Extended TRX-USD | +0.024% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.027% | −0.0129% | 8h | $913K | $586K | 75x | as long as short |
| Reya TRXRUSDPERP | +0.029% | −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 | |
|---|---|---|---|---|---|---|---|
| BingX TRX-USDT | +0.029% | −0.0173% | 8h | — | $35.3M | — | as long as short |
| KuCoin TRXUSDTM | +0.032% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| BloFin TRX-USDT | +0.032% | +0.0093% | 8h | $4.6M | $3.9M | 50x | as long as short |
| Gate TRX_USDT | +0.035% | +0.0047% | 8h | $9.6M | $2.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.035% | −0.0026% | 8h | $16.9M | $1.6M | 200x | as long as short |
| Phemex TRXUSDT | +0.035% | −0.0020% | 8h | $3.7M | $1.5M | 50x | as long as short |
| edgeX TRXUSDC | +0.036% | +0.0100% | 4h | $586K | $447K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.038% | +0.0009% | 8h | $8K | $333 | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.038% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| Backpack TRX_USDC_PERP | +0.038% | −0.0297% | 1h | $60K | $4K | 10x | as long as short |
| SoDEX TRX-USD | +0.038% | −0.0064% | 1h | $402 | $5K | 5x | as long as short |
| Binance TRXUSDT | +0.047% | −0.0027% | 8h | $99.3M | $50.7M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.047% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.053% | +0.0100% | 1h | $115K | $531K | 50x | as long as short |
| Phoenix TRX | +0.056% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC]short | +0.090% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | |
| gTrade (Gains Network) TRX/USD | +0.099% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| dYdX TRX-USD | +0.105% | +0.0048% | 1h | $186K | $3K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.114% | −0.0044% | 1h | $1.8M | $881K | 25x | as long as short |
| Hyperliquid TRX | +0.117% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| SunX TRX-USDT | +0.123% | +0.0100% | 8h | $196K | $886K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.150% | +0.0264% | 1h | $825K | $397K | 25x | as long as short |