Funding you earn now, next payment 01:00 UTC−0.0271%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.071%
Price spread now: Lighter against GMX−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.023% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRX/USD [ETH-USDC] | 0.3451 | L +0.0367% / S −0.0395% | pay 0.0046% / 1h | 40m 45s | $20K | — | 100x |
| Short | Lighter TRX | 0.3450 | 0.0096 | get 0.0012% / 1h | 40m 45s | $483K | $630K | 10x |
GMX TRX/USD [ETH-USDC]
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$56.85
- Price spread: −0.023% → 0.000%
- −$2.26
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.11
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 29 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 29 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3449 | −0.037% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3450 | −0.023% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3451 | +0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | −0.012% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.019% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0014% | 8h | 0.3449 | −0.053% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.283% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0038% | 1h | 0.3450 | −0.028% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0052% | 8h | 0.3451 | +0.001% | $15.6M | $8.3M | 50x | as long as short |
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | −0.039% | $194K | $1.3M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
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 | 0.3450 | −0.011% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0058% | 8h | 0.3450 | −0.010% | $100.1M | $47.5M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0085% | 8h | 0.3450 | −0.025% | $9K | $385 | 20x | as long as short |
| HTX TRX-USDT | +0.0085% | 8h | 0.3448 | −0.073% | $829K | $736K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | −0.017% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0092% | 8h | 0.3450 | −0.014% | $9.6M | $2.4M | 75x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3450 | −0.023% | $483K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.071% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.041% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3450 | −0.010% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3449 | −0.046% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | −0.026% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3450 | −0.014% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3449 | −0.040% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.031% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.047% | $196K | $936K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | −0.011% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | −0.005% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3453 | +0.051% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0178% | 8h | 0.3450 | −0.017% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC]long | L +0.0367% / S −0.0395% | 1h | 0.3451 | long leg | $20K | — | 100x | |
| Deribit TRX_USDC-PERPETUAL | +0.0509% | 1h | 0.3454 | +0.090% | $834K | $417K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Paradex TRX-USD-PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Gate TRX_USDT
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
Deribit TRX_USDC-PERPETUAL