Funding you earn now, next payment 22:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.031%
Price spread now: Lighter against Extended+0.016%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.016%, 7d avg +0.042%
=Together, before fees+0.192%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.026% cheaper against Extended than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.042%). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.144% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3439 | 0 | get 0.0000% / 1h | 45m 29s | $196K | $1.1M | 25x |
| Short | Lighter TRX | 0.3439 | 0.0024 | get 0.0003% / 1h | 45m 29s | $483K | $628K | 10x |
Extended TRX-USD
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $5.04
- Price spread: +0.016% → +0.042%
- −$2.6
- Slippage, 4 orders
- −$9.66
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.22
- Costs to cover
- 0.147%
- Break-even
- 24.0 days
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 39 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 Extended live order book, 3 min ago | 0.14 bp | 3.7 bp −$4 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 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 | 0.3439 | +0.012% | $5 | — | 20x | as long as short |
| BingX TRX-USDC | −0.0095% | 8h | 0.3439 | +0.019% | — | $6.5M | — | as long as short |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.007% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3439 | −0.010% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.063% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | +0.013% | $951K | $633K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0053% | 1h | 0.3440 | +0.031% | $58K | $7K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | +0.004% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3439 | −0.003% | $826K | $705K | 75x | as long as short |
| SoDEX TRX-USD | −0.0028% | 1h | 0.3440 | +0.022% | $402 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
BingX TRX-USDC
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | +0.025% | $99.3M | $49.2M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | +0.025% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USDlong | 0.0000% | 1h | 0.3439 | long leg | $196K | $1.1M | 25x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.064% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0009% | 8h | 0.3439 | +0.010% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRXshort | +0.0024% | 1h | 0.3439 | +0.016% | $483K | $628K | 10x | |
| Paradex TRX-USD-PERP | +0.0045% | 8h | 0.3440 | +0.026% | $9K | $385 | 20x | as long as short |
| dYdX TRX-USD | +0.0055% | 1h | 0.3441 | +0.053% | $181K | $10K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0060% | 8h | 0.3439 | +0.002% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0066% | 8h | 0.3439 | +0.016% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3440 | +0.031% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.016% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | +0.016% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.080% | $1.9M | $978K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.086% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | +0.016% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.023% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.031% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.102% | $196K | $913K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3439 | +0.010% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0273% | 1h | 0.3444 | +0.150% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.060% | $19K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
dYdX TRX-USD
KuCoin TRXUSDTM
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
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]