Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against ApeX Omni+0.012%78s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.012%, 7d avg −0.011%
=Together, before fees−0.285%+ Points / potential airdropLighter: Season 3 · farm board−$28 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: Lighter is 0.023% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 78 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 | ApeX Omni TRXUSDT | 0.3450 | 0.0100 | pay 0.0013% / 1h | 40m 14s | $115K | $570K | 50x |
| Short | Lighter TRX | 0.3450 | 0.0096 | get 0.0012% / 1h | 40m 14s | $483K | $630K | 10x |
ApeX Omni TRXUSDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX 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
- −$0.84
- Price spread: +0.012% → −0.011%
- $2.29
- Slippage, 4 orders
- −$27.26
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.8
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; Lighter: live order book, 29 min ago.
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 ApeX Omni live order book, 32 min ago | 2.76 bp | 15.6 bp −$16 | 121.6 bp −$1,216 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | 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 | 0.3450 | −0.003% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3450 | +0.006% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3451 | +0.041% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | +0.020% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.049% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0014% | 8h | 0.3449 | −0.021% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.252% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3450 | +0.014% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0053% | 8h | 0.3451 | +0.032% | $15.6M | $8.3M | 50x | as long as short |
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | −0.008% | $194K | $1.3M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0058% | 8h | 0.3451 | +0.026% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0058% | 8h | 0.3451 | +0.032% | $100.1M | $47.4M | 75x | as long as short |
| HTX TRX-USDT | +0.0080% | 8h | 0.3449 | −0.012% | $829K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0085% | 8h | 0.3450 | +0.006% | $9K | $385 | 20x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3451 | +0.023% | $9.6M | $2.4M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | +0.017% | $14K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3450 | +0.012% | $483K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.036% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.070% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3450 | +0.018% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | +0.009% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | +0.009% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3450 | +0.014% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3449 | −0.009% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDTlong | +0.0100% | 1h | 0.3450 | long leg | $115K | $570K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.014% | $196K | $934K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3451 | +0.023% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.029% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3453 | +0.110% | $2.2M | $1.4M | 25x | as long as short |
| BloFin TRX-USDT | +0.0178% | 8h | 0.3450 | +0.014% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | +0.033% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0567% | 1h | 0.3454 | +0.130% | $834K | $417K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
HTX TRX-USDT
Paradex TRX-USD-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL