Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.006%
Price spread now: Lighter against BloFin−0.049%90s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$180.180% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.049%, 7d avg −0.002%
=Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 90 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 | BloFin TRX-USDT | 0.3473 | 0.0220 | pay 0.0220% / 8h | 4h 49m | $4.7M | $3.9M | 50x |
| Short | Lighter TRX | 0.3472 | 0.0096 | get 0.0012% / 1h | 49m 38s | $484K | $664K | 10x |
BloFin TRX-USDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$26.04
- Price spread: −0.049% → −0.002%
- −$4.65
- Slippage, 4 orders
- −$5.96
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.65
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 5 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 BloFin live order book, 4 min ago | 0.14 bp | 6.1 bp −$6 | 10.0 bp −$100 | 23.1 bp −$2,313 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.30 bp | 2.1 bp −$2 | 7.7 bp −$77 | 41.5 bp −$4,153 | 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 | 0.3472 | −0.042% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3474 | +0.026% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3473 | −0.012% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3473 | −0.006% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.930% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3472 | −0.029% | — | $6.5M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0081% | 1h | 0.3472 | −0.035% | $62K | $5K | 10x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3472 | −0.049% | $484K | $664K | 10x | |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3472 | −0.032% | $15K | $102K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3471 | −0.063% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3474 | +0.028% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3472 | −0.046% | $962K | $694K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3472 | −0.049% | $105.0M | $58.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3472 | −0.037% | $53.7M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3472 | −0.049% | $15.5M | $9.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3472 | −0.043% | $9.6M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3472 | −0.046% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3472 | −0.032% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3472 | −0.037% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | −0.041% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3473 | −0.015% | $592K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3475 | +0.046% | $116K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.043% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3472 | −0.026% | $410 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3471 | −0.062% | $834K | $840K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3472 | −0.026% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3471 | −0.072% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3471 | −0.073% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTlong | +0.0220% | 8h | 0.3473 | long leg | $4.7M | $3.9M | 50x | |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3473 | −0.006% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3473 | +0.002% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0525% | 1h | 0.3476 | +0.073% | $844K | $503K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
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
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL