Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.030%
Price spread now: Lighter against dYdX−0.008%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days−0.356%−$36 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.008%, 7d avg −0.025%
=Together, before fees−0.342%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.356%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRX-USD | 0.3450 | 0 | get 0.0000% / 1h | 40m 08s | $181K | $10K | 10x |
| Short | Lighter TRX | 0.3450 | 0.0096 | get 0.0012% / 1h | 40m 08s | $483K | $630K | 10x |
dYdX TRX-USD
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $20.16
- Price spread: −0.008% → −0.025%
- $1.72
- Slippage, 4 orders
- −$138.04
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$126.16
- Costs to cover
- 1.480%
- Break-even
- 50.8 days
Slippage from dYdX: live order book, 34 min ago; Lighter: live order book, 30 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 dYdX live order book, 34 min ago | 64.67 bp | 72.0 bp −$72 | 72.2 bp −$722 | 75.6 bp −$7,564 | 390.5 bp −$195.3K |
| Sell Lighter live order book, 30 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 | −0.023% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3450 | −0.014% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3451 | +0.021% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3450 | long leg | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.029% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0014% | 8h | 0.3449 | −0.041% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.272% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3450 | −0.005% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0053% | 8h | 0.3451 | +0.012% | $15.6M | $8.3M | 50x | as long as short |
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | −0.028% | $194K | $1.3M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
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 | +0.006% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0058% | 8h | 0.3451 | +0.012% | $100.1M | $47.4M | 75x | as long as short |
| HTX TRX-USDT | +0.0080% | 8h | 0.3449 | −0.032% | $829K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0085% | 8h | 0.3450 | −0.013% | $9K | $385 | 20x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3451 | +0.004% | $9.6M | $2.4M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | −0.002% | $14K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3450 | −0.008% | $483K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.056% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.050% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3450 | −0.002% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | −0.011% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | −0.011% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3450 | −0.005% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3449 | −0.028% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.020% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.034% | $196K | $934K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3451 | +0.004% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.009% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3453 | +0.090% | $2.2M | $1.4M | 25x | as long as short |
| BloFin TRX-USDT | +0.0178% | 8h | 0.3450 | −0.005% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | +0.013% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0567% | 1h | 0.3454 | +0.110% | $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
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL