Funding you earn now, next payment 22:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.045%
Price spread now: Lighter against BingX−0.009%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.009%, 7d avg +0.007%
=Together, before fees+0.030%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, 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 | BingX TRX-USDC | 0.3439 | −0.0093 | get 0.0093% / 8h | 2h 56m | — | $6.5M | — |
| Short | Lighter TRX | 0.3438 | −0.0040 | pay 0.0005% / 1h | 56m 14s | $483K | $628K | 10x |
BingX TRX-USDC
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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
- $11.13
- Price spread: −0.009% → +0.007%
- −$1.56
- Slippage, 4 orders
- −$13.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.36
- Costs to cover
- 0.239%
- Break-even
- 16.0 days
Slippage from BingX: live order book, 10 min ago; Lighter: live order book, 28 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 BingX live order book, 10 min ago | 0.58 bp | 7.9 bp −$8 | 23.5 bp −$235 | 244.1 bp −$24.4K | 845.1 bp −$422.5K |
| Sell Lighter live order book, 28 min ago | 0.73 bp | 4.3 bp −$4 | 9.6 bp −$96 | 37.4 bp −$3,736 | 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 | 0.3438 | −0.016% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0105% | 1h | 0.3438 | −0.003% | $58K | $7K | 10x | as long as short |
| Bybit TRXUSDT | −0.0095% | 8h | 0.3438 | −0.017% | $54.7M | $8.2M | 75x | as long as short |
| BingX TRX-USDClong | −0.0093% | 8h | 0.3439 | long leg | — | $6.5M | — | |
| Variational Omni TRX | −0.0081% | 8h | 0.3439 | −0.001% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3440 | +0.041% | $5K | $13K | 10x | as long as short |
| SoDEX TRX-USD | −0.0063% | 1h | 0.3438 | −0.006% | $403 | $5K | 5x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | +0.020% | $951K | $636K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | +0.012% | $1K | $100K | 12x | as long as short |
| Lighter TRXshort | −0.0040% | 1h | 0.3438 | −0.009% | $483K | $628K | 10x |
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
SoDEX TRX-USD
Aster TRXUSDT
Injective TRX/USDC PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0038% | 8h | 0.3438 | −0.018% | $825K | $704K | 75x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3438 | −0.006% | $99.2M | $49.6M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.060% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3438 | −0.026% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3438 | −0.003% | $17.2M | $1.6M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3440 | +0.040% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0012% | 8h | 0.3438 | −0.015% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0046% | 8h | 0.3439 | −0.002% | $9K | $385 | 20x | as long as short |
| Bitget TRXUSDT | +0.0064% | 8h | 0.3438 | −0.020% | $9.4M | $2.1M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.0071% | 8h | 0.3437 | −0.044% | $8.7M | $3.6M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3437 | −0.039% | $33K | — | 3x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3439 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | +0.017% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3440 | +0.053% | $1.9M | $993K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.061% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3438 | −0.012% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.032% | $587K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.081% | $115K | $543K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.068% | $196K | $912K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3439 | +0.023% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0343% | 1h | 0.3443 | +0.115% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3440 | +0.041% | $19K | — | 100x | as long as short |
HTX TRX-USDT
Binance TRXUSDT
dYdX TRX-USD
Extended TRX-USD
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Bitget TRXUSDT
KuCoin TRXUSDTM
Aevo TRX-PERP
Phemex TRXUSDT
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]