Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Lighter−1.129%96s7-day average −0.282% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+1.106%+$111 · spread now −1.129%, 7d avg −0.282%
=Together, before fees+1.189%+ Points / potential airdropLighter: Season 3 · farm board+$119 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.848% cheaper against Lighter than usual: you would sell low and buy high (−$85 if the spread goes back to its 7-day average of −0.282%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3480 | 0.0096 | pay 0.0012% / 1h | 23m 49s | $487K | $674K | 10x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 23m 49s | $1K | $163K | 12x |
Lighter TRX
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −1.129% → −0.282%
- −$84.76
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$97.94
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 11 min ago; Injective: 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, 11 min ago | 1.00 bp | 2.5 bp −$3 | 9.9 bp −$99 | 44.4 bp −$4,441 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.3480 | −0.015% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0082% | 8h | 0.3480 | −0.010% | $834K | $958K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3483 | +0.072% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3481 | +0.029% | $182K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3482 | +0.036% | $126K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0005% | 1h | 0.3480 | −0.003% | $62K | $5K | 10x | as long as short |
| SoDEX TRX-USD | +0.0013% | 1h | 0.3481 | +0.014% | $408 | $5K | 5x | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −1.129% | $1K | $163K | 12x | |
| BingX TRX-USDT | +0.0070% | 8h | 0.3481 | +0.009% | — | $32.6M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0085% | 8h | 0.3480 | −0.007% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
SoDEX TRX-USD
BingX TRX-USDT
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRXlong | +0.0096% | 1h | 0.3480 | long leg | $487K | $674K | 10x | |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3481 | +0.009% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3485 | +0.128% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.003% | $973K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | +0.024% | $106.7M | $64.1M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3481 | +0.020% | $53.4M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3480 | +0.003% | $15.7M | $10.8M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3481 | +0.009% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3481 | +0.029% | $19.1M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3482 | +0.043% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3480 | −0.009% | $9.8M | $4.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.013% | $569K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.049% | $594K | $478K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | +0.072% | $116K | $602K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3479 | −0.030% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3481 | +0.017% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3480 | −0.023% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.034% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.049% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3482 | +0.046% | $2.4M | $1.9M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3481 | +0.034% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0503% | 1h | 0.3484 | +0.115% | $872K | $747K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL