Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.042%
Price spread now: BingX against Lighter+0.009%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.009%, 7d avg −0.007%
=Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3444 | 0.0096 | pay 0.0012% / 1h | 30m 18s | $482K | $630K | 10x |
| Short | BingX TRX-USDT | 0.3444 | 0.0100 | get 0.0100% / 8h | 30m 18s | — | $40.0M | — |
Lighter TRX
BingX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.009% → −0.007%
- $1.56
- Slippage, 4 orders
- −$5.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$13.37
- Costs to cover
- 0.158%
- Break-even
- 118.4 days
Slippage from Lighter: live order book, 44 min ago; BingX: live order book, 9 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, 44 min ago | 0.73 bp | 3.1 bp −$3 | 10.5 bp −$105 | 45.2 bp −$4,524 | doesn't fit |
| Sell BingX live order book, 9 min ago | 0.29 bp | 5.4 bp −$5 | 7.1 bp −$71 | 15.9 bp −$1,592 | 41.1 bp −$20.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.078% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.006% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0091% | 8h | 0.3443 | −0.009% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0081% | 1h | 0.3443 | −0.006% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | +0.032% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0038% | 8h | 0.3443 | −0.017% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0024% | 8h | 0.3443 | −0.033% | $827K | $729K | 75x | as long as short |
| Bybit TRXUSDT | −0.0020% | 8h | 0.3444 | +0.009% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.051% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.037% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0018% | 8h | 0.3444 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0029% | 8h | 0.3445 | +0.026% | $18.2M | $1.8M | 200x | as long as short |
| Binance TRXUSDT | +0.0030% | 8h | 0.3444 | +0.022% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3443 | −0.012% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0057% | 8h | 0.3444 | +0.017% | $956K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.040% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0067% | 8h | 0.3444 | −0.002% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3444 | +0.015% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3443 | −0.006% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3442 | −0.038% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | −0.012% | $14K | $107K | 20x | as long as short |
| SoDEX TRX-USD | +0.0092% | 1h | 0.3444 | +0.006% | $400 | $5K | 5x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3444 | long leg | $482K | $630K | 10x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.058% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3445 | +0.029% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDTshort | +0.0100% | 8h | 0.3444 | +0.009% | — | $40.0M | — | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.022% | $588K | $433K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3444 | +0.020% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.037% | $196K | $923K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3444 | +0.006% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.032% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0505% | 1h | 0.3448 | +0.123% | $830K | $414K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Aster TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
SoDEX TRX-USD
Hyperliquid TRX
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL