Funding you earn now, next payment 22:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.033%
Price spread now: Lighter against Gate−0.009%7-day average +0.003% · 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−$30as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.009%, 7d avg +0.003%
=Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3441 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $9.7M | $2.5M | 75x |
| Short | Lighter TRX | 0.3441 | 0.0008 | get 0.0001% / 1h | 15m 44s | $482K | $639K | 10x |
Gate TRX_USDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$19.32
- Price spread: −0.009% → +0.003%
- −$1.16
- Slippage, 4 orders
- −$14.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.65
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 4 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 Gate live order book, 3 min ago | 0.14 bp | 11.3 bp −$11 | 24.3 bp −$243 | 32.1 bp −$3,212 | 58.7 bp −$29.3K |
| Sell Lighter live order book, 4 min ago | 1.02 bp | 3.1 bp −$3 | 9.3 bp −$93 | 45.7 bp −$4,574 | 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 | 0.3440 | −0.023% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0090% | 8h | 0.3441 | 0.000% | $54.8M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.049% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.038% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3441 | −0.006% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.029% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0041% | 8h | 0.3441 | 0.000% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0026% | 8h | 0.3440 | −0.037% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | 0.0000% | 8h | 0.3441 | 0.000% | $99.3M | $49.0M | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.026% | $196K | $1.1M | 25x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | 0.000% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.039% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3440 | −0.020% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRXshort | +0.0008% | 1h | 0.3441 | −0.009% | $482K | $639K | 10x | |
| KuCoin TRXUSDTM | +0.0011% | 8h | 0.3440 | −0.026% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0036% | 1h | 0.3441 | 0.000% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.010% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | 0.000% | $3.8M | $1.6M | 50x | as long as short |
| BingX TRX-USDT | +0.0073% | 8h | 0.3441 | −0.006% | — | $40.0M | — | as long as short |
| Bitget TRXUSDT | +0.0075% | 8h | 0.3441 | +0.006% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.048% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.065% | $1.9M | $972K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.003% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.061% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDTlong | +0.0100% | 8h | 0.3441 | long leg | $9.7M | $2.5M | 75x | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.005% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.012% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.083% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0120% | 8h | 0.3441 | +0.012% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0131% | 1h | 0.3443 | +0.048% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0354% | 1h | 0.3445 | +0.121% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.032% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
BingX TRX-USDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]