TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.081%

Price spread now: GMX against Lighter−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.028% cheaper against Lighter than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRX	0.3486	0.0096	pay 0.0012% / 1h	37m 40s	$487K	$671K	10x
Short	GMX TRX/USD [ETH-USDC]	0.3485	L +0.0411% / S −0.0492%	get 0.0062% / 1h	37m 40s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $83.25
Price spread: −0.028% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $68.5
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: Lighter: live order book, 7 min ago; GMX: no order-book sample. 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 Lighter live order book, 7 min ago	0.86 bp	2.9 bp −$3	10.2 bp −$102	48.8 bp −$4,878	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.3483	−0.062%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3486	0.000%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3485	−0.016%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3485	−0.016%	$123K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.280%	$1K	$163K	12x	as long as short
HTX TRX-USDT	+0.0050%	8h	0.3483	−0.064%	$832K	$919K	75x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3484	−0.032%	—	$6.5M	—	as long as short
Lighter TRXlong	+0.0096%	1h	0.3486	long leg	$487K	$671K	10x
Paradex TRX-USD-PERP	+0.0099%	8h	0.3485	−0.007%	$9K	$251	20x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3484	−0.040%	$14K	$60K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3489	+0.092%	$13.3M	$2.7M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3485	−0.022%	$964K	$699K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3486	+0.014%	$107.0M	$62.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3485	−0.017%	$53.9M	$12.0M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3486	+0.003%	$15.5M	$10.3M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3484	−0.034%	$9.7M	$3.1M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3486	+0.006%	$18.9M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3485	−0.014%	$8.5M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3485	−0.020%	$9.9M	$4.3M	75x	as long as short
Backpack TRX_USDC_PERP	+0.0100%	1h	0.3484	−0.046%	$62K	$5K	10x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3482	−0.104%	$570K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3486	+0.018%	$594K	$473K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3485	−0.026%	$116K	$581K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3483	−0.079%	$198K	$1.3M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3484	−0.032%	$409	$5K	5x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3484	−0.032%	$4.0M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3484	−0.059%	$195K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3483	−0.075%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3483	−0.075%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]short	L +0.0411% / S −0.0492%	1h	0.3485	−0.028%	$20K	—	100x
Kraken Futures PF_TRXUSD	+0.0415%	1h	0.3485	−0.010%	$2.4M	$1.8M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0611%	1h	0.3489	+0.092%	$902K	$643K	25x	as long as short