Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: Lighter against edgeX+0.059%79s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$170.168% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.059%, 7d avg +0.020%
=Together, before fees−0.070%+ Points / potential airdropedgeX: Active · 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 0.039% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 79 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 | edgeX TRXUSDC | 0.3454 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $590K | $441K | 20x |
| Short | Lighter TRX | 0.3456 | 0.0096 | get 0.0012% / 1h | 16m 18s | $484K | $630K | 10x |
edgeX TRXUSDC
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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: +0.059% → +0.020%
- $3.86
- Slippage, 4 orders
- −$7.84
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.81
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 57 min ago; Lighter: live order book, 53 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 edgeX live order book, 57 min ago | 0.87 bp | 5.4 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 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 | 0.3456 | +0.036% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3456 | +0.041% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | +0.073% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.058% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3457 | +0.074% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.387% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0043% | 1h | 0.3455 | +0.030% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0057% | 8h | 0.3455 | +0.017% | $564K | $37K | — | as long as short |
| Extended TRX-USD | +0.0080% | 1h | 0.3456 | +0.043% | $194K | $1.0M | 25x | as long as short |
| MEXC TRX_USDT | +0.0080% | 8h | 0.3456 | +0.059% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0081% | 8h | 0.3457 | +0.084% | $100.8M | $48.0M | 75x | as long as short |
| HTX TRX-USDT | +0.0086% | 8h | 0.3456 | +0.061% | $830K | $755K | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0091% | 8h | 0.3457 | +0.079% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0091% | 8h | 0.3456 | +0.042% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3456 | +0.047% | $15K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3456 | +0.059% | $484K | $630K | 10x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3458 | +0.102% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | +0.046% | $957K | $664K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3456 | +0.047% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3457 | +0.067% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3457 | +0.073% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3456 | +0.053% | — | $32.9M | — | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3454 | long leg | $590K | $441K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3454 | −0.002% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3453 | −0.028% | $196K | $957K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3457 | +0.067% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3457 | +0.082% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3454 | 0.000% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3458 | +0.112% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0201% | 8h | 0.3456 | +0.047% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3456 | +0.047% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0606% | 1h | 0.3460 | +0.172% | $846K | $421K | 25x | as long as short |
Binance TRXUSDT
HTX TRX-USDT
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL