Funding you earn now, next payment 22:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.024%
Price spread now: Aster against Lighter+0.009%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.009%, 7d avg +0.024%
=Together, before fees+0.050%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3441 | 0.0008 | pay 0.0001% / 1h | 16m 10s | $482K | $639K | 10x |
| Short | Aster TRXUSDT | 0.3441 | −0.0041 | pay 0.0041% / 8h | 2h 16m | $951K | $638K | 75x |
Lighter TRX
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$10.21
- Price spread: +0.009% → +0.024%
- −$1.57
- Slippage, 4 orders
- −$11.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$30.84
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Aster: live order book, 7 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, 3 min ago | 1.02 bp | 3.9 bp −$4 | 8.2 bp −$82 | 41.8 bp −$4,182 | doesn't fit |
| Sell Aster live order book, 7 min ago | 0.73 bp | 5.0 bp −$5 | doesn't fit | 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 | 0.3440 | −0.014% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0090% | 8h | 0.3441 | +0.009% | $54.8M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.040% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.047% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3441 | +0.003% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.020% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDTshort | −0.0041% | 8h | 0.3441 | +0.009% | $951K | $638K | 75x | |
| HTX TRX-USDT | −0.0026% | 8h | 0.3440 | −0.029% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | 0.0000% | 8h | 0.3442 | +0.027% | $99.4M | $49.0M | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.017% | $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
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 | 0.3442 | +0.023% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.047% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3440 | −0.009% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRXlong | +0.0008% | 1h | 0.3441 | long leg | $482K | $639K | 10x | |
| KuCoin TRXUSDTM | +0.0011% | 8h | 0.3440 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0036% | 1h | 0.3441 | +0.009% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.001% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | +0.009% | $3.8M | $1.6M | 50x | as long as short |
| BingX TRX-USDT | +0.0073% | 8h | 0.3441 | +0.003% | — | $40.0M | — | as long as short |
| Bitget TRXUSDT | +0.0075% | 8h | 0.3441 | +0.012% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.039% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.074% | $1.9M | $972K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.012% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.003% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.003% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.092% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0120% | 8h | 0.3441 | +0.020% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0131% | 1h | 0.3443 | +0.057% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0354% | 1h | 0.3445 | +0.130% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.041% | $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
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]