Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%
Price spread now: Lighter against Aster+0.003%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.003%, 7d avg −0.024%
=Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$7 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 0.026% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TRXUSDT | 0.3475 | 0.0100 | pay 0.0100% / 8h | 5h 18m | $962K | $691K | 75x |
| Short | Lighter TRX | 0.3475 | 0.0096 | get 0.0012% / 1h | 18m 12s | $485K | $664K | 10x |
Aster TRXUSDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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: +0.003% → −0.024%
- $2.65
- Slippage, 4 orders
- −$12.51
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.7
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Aster: live order book, 45 min ago; Lighter: live order book, 41 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 Aster live order book, 45 min ago | 0.29 bp | 5.6 bp −$6 | 54.0 bp −$540 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 1.73 bp | 2.2 bp −$2 | 10.1 bp −$101 | 39.0 bp −$3,904 | 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 | 0.3474 | −0.010% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3484 | +0.273% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3474 | −0.009% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3475 | +0.013% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.967% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3476 | +0.026% | — | $32.8M | — | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3475 | +0.003% | $485K | $664K | 10x | |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3475 | +0.003% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3475 | +0.012% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3478 | +0.083% | $13.1M | $2.6M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDTlong | +0.0100% | 8h | 0.3475 | long leg | $962K | $691K | 75x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3475 | +0.014% | $105.2M | $57.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3475 | +0.011% | $53.8M | $11.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3475 | +0.009% | $15.6M | $9.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3475 | +0.009% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3475 | +0.020% | $18.6M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3475 | +0.017% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3475 | +0.009% | $10.3M | $3.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3474 | −0.014% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | +0.094% | $568K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3479 | +0.120% | $593K | $467K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3481 | +0.175% | $116K | $562K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.063% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3474 | −0.006% | $409 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.052% | $839K | $828K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3476 | +0.043% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3474 | −0.028% | $198K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3473 | −0.055% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3474 | −0.026% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3475 | +0.021% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0582% | 1h | 0.3478 | +0.104% | $845K | $502K | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3476 | +0.033% | $2.4M | $1.7M | 25x | as long as short |
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL
Kraken Futures PF_TRXUSD