Funding you earn now, next payment 22:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.035%
Price spread now: Kraken Futures against Variational Omni+0.055%7-day average +0.079% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.055%, 7d avg +0.079%
=Together, before fees−0.071%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.024% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.079%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.010% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3440 | −0.0087 | get 0.0087% / 8h | 2h 07m | $563K | $39K | — |
| Short | Kraken Futures PF_TRXUSD | 0.3442 | 0.0087 | get 0.0011% / 1h | 7m 07s | $1.9M | $977K | 25x |
Variational Omni TRX
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $36.56
- Price spread: +0.055% → +0.079%
- −$2.4
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $24.15
- Costs to cover
- 0.100%
- Break-even
- 2.4 days
Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Kraken Futures: live order book, 1 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 | 5.82 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.14 bp | 8.7 bp −$9 | 20.3 bp −$203 | 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 | 0.3440 | −0.020% | $5 | — | 20x | as long as short |
| Variational Omni TRXlong | −0.0087% | 8h | 0.3440 | long leg | $563K | $39K | — | |
| Bybit TRXUSDT | −0.0085% | 8h | 0.3440 | 0.000% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.058% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0052% | 1h | 0.3441 | +0.008% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.012% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0032% | 8h | 0.3441 | +0.017% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3440 | −0.013% | $826K | $711K | 75x | as long as short |
| KuCoin TRXUSDTM | 0.0000% | 8h | 0.3440 | −0.009% | $8.7M | $3.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0003% | 8h | 0.3441 | +0.020% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
KuCoin TRXUSDTM
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.038% | $121K | — | 150x | as long as short |
| Binance TRXUSDT | +0.0004% | 8h | 0.3441 | +0.017% | $99.3M | $49.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3439 | −0.032% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | 0.000% | $482K | $639K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3439 | −0.032% | $196K | $1.1M | 25x | as long as short |
| BloFin TRX-USDT | +0.0017% | 8h | 0.3441 | +0.023% | $4.6M | $4.0M | 50x | as long as short |
| SoDEX TRX-USD | +0.0044% | 1h | 0.3441 | +0.008% | $403 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0060% | 8h | 0.3441 | +0.005% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDC | +0.0076% | 8h | 0.3441 | +0.014% | — | $6.5M | — | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3441 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.037% | $33K | — | 3x | as long as short |
| Bitget TRXUSDT | +0.0083% | 8h | 0.3441 | +0.011% | $9.4M | $2.1M | 75x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0087% | 1h | 0.3442 | +0.055% | $1.9M | $977K | 25x | |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.017% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.046% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3440 | 0.000% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.016% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.012% | $115K | $544K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.076% | $196K | $919K | 30x | as long as short |
| dYdX TRX-USD | +0.0109% | 1h | 0.3443 | +0.065% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0322% | 1h | 0.3445 | +0.124% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.037% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Binance TRXUSDT
OKX TRX-USDT-SWAP
Lighter TRX
Extended TRX-USD
BloFin TRX-USDT
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDC
Phemex TRXUSDT
Aevo TRX-PERP
Bitget TRXUSDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]