Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Backpack+0.009%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.297%+$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3448 | 0.0028 | pay 0.0004% / 1h | 46m 52s | $58K | $4K | 10x |
| Short | Lighter TRX | 0.3448 | 0.0096 | get 0.0012% / 1h | 46m 52s | $482K | $630K | 10x |
Backpack TRX_USDC_PERP
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- $14.18
- Price spread: +0.009% → 0.000%
- $0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.05
- Costs to cover
- 0.100%
- Break-even
- 4.5 days
Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 23 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 23 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | doesn't fit |
Backpack: 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 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 | 0.3448 | −0.005% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3448 | +0.015% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3448 | +0.006% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0001% | 8h | 0.3446 | −0.053% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3449 | +0.025% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3449 | +0.045% | $121K | — | 150x | as long as short |
| Backpack TRX_USDC_PERPlong | +0.0028% | 1h | 0.3448 | long leg | $58K | $4K | 10x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.197% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0047% | 8h | 0.3449 | +0.035% | $15.6M | $8.6M | 50x | as long as short |
| Extended TRX-USD | +0.0048% | 1h | 0.3447 | −0.009% | $194K | $1.2M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective 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 | +0.0050% | 8h | 0.3448 | +0.020% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0051% | 8h | 0.3448 | +0.017% | $99.9M | $48.2M | 75x | as long as short |
| HTX TRX-USDT | +0.0071% | 8h | 0.3448 | −0.004% | $828K | $735K | 75x | as long as short |
| Gate TRX_USDT | +0.0080% | 8h | 0.3448 | +0.012% | $9.6M | $2.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0082% | 8h | 0.3448 | −0.007% | $9K | $385 | 20x | as long as short |
| SoDEX TRX-USD | +0.0091% | 1h | 0.3448 | +0.017% | $403 | $5K | 5x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3448 | +0.012% | $14K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3448 | +0.009% | $482K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3446 | −0.049% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3450 | +0.064% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3449 | +0.024% | $957K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3448 | +0.020% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3448 | +0.012% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3448 | +0.015% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3446 | −0.049% | $589K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3447 | −0.032% | $115K | $571K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3448 | −0.007% | $196K | $942K | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3448 | +0.006% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0171% | 8h | 0.3448 | −0.006% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3450 | +0.058% | $2.1M | $1.3M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3449 | +0.030% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0489% | 1h | 0.3452 | +0.123% | $833K | $417K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
HTX TRX-USDT
Gate TRX_USDT
Paradex TRX-USD-PERP
SoDEX TRX-USD
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL