Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: ApeX Omni against Lighter+0.003%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.003%, 7d avg +0.011%
=Together, before fees+0.267%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3464 | 0.0096 | pay 0.0012% / 1h | 49m 07s | $485K | $618K | 10x |
| Short | ApeX Omni TRXUSDT | 0.3464 | 0.0100 | get 0.0013% / 1h | 49m 07s | $115K | $567K | 50x |
Lighter TRX
ApeX Omni TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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: +0.003% → +0.011%
- −$0.85
- Slippage, 4 orders
- −$20.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$30.27
- Costs to cover
- 0.303%
- Break-even
- 259.2 days
Slippage from Lighter: live order book, 16 min ago; ApeX Omni: live order book, 19 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 Lighter live order book, 16 min ago | 1.30 bp | 2.4 bp −$2 | 10.6 bp −$106 | 41.6 bp −$4,158 | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 4.62 bp | 12.5 bp −$12 | 118.5 bp −$1,185 | doesn't fit | 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 | 0.3465 | +0.013% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.049% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0046% | 8h | 0.3466 | +0.032% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.059% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3465 | +0.029% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0011% | 1h | 0.3464 | −0.017% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.675% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3463 | −0.035% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3465 | +0.003% | $9K | $251 | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3464 | long leg | $485K | $618K | 10x |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.075% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3465 | +0.008% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3465 | +0.024% | $101.9M | $49.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3466 | +0.046% | $55.1M | $8.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3466 | +0.035% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3465 | +0.026% | $9.7M | $2.5M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3465 | +0.017% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.055% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3465 | +0.023% | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | +0.016% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.033% | $591K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDTshort | +0.0100% | 1h | 0.3464 | +0.003% | $115K | $567K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.075% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3465 | +0.026% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.084% | $832K | $791K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3465 | +0.020% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | +0.008% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3463 | −0.034% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | +0.023% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3465 | +0.014% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3466 | +0.054% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0604% | 1h | 0.3469 | +0.120% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
Variational Omni TRX
edgeX TRXUSDC
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL