Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: MEXC against Lighter+0.020%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$100.098% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.020%, 7d avg +0.005%
=Together, before fees−0.139%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3491 | 0.0096 | pay 0.0012% / 1h | 18m 58s | $488K | $671K | 10x |
| Short | MEXC TRX_USDT | 0.3492 | 0.0100 | get 0.0100% / 8h | 2h 18m | $18.9M | $2.2M | 200x |
Lighter TRX
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.020% → +0.005%
- $1.48
- Slippage, 4 orders
- −$5.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$7.5
- Costs to cover
- 0.098%
- Break-even
- 69.5 days
Slippage from Lighter: live order book, 26 min ago; MEXC: live order book, 5 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, 26 min ago | 0.86 bp | 2.9 bp −$3 | 10.2 bp −$102 | 48.8 bp −$4,878 | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.14 bp | 2.1 bp −$2 | 4.1 bp −$41 | 26.9 bp −$2,689 | 38.2 bp −$19.1K |
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 | 0.3490 | −0.011% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3491 | +0.014% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3490 | −0.010% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3491 | +0.010% | $123K | — | 150x | as long as short |
| HTX TRX-USDT | +0.0029% | 8h | 0.3488 | −0.081% | $834K | $928K | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.427% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3491 | +0.006% | — | $32.8M | — | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3491 | long leg | $488K | $671K | 10x | |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3491 | −0.007% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3491 | +0.006% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
HTX TRX-USDT
Injective TRX/USDC PERP
BingX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3494 | +0.092% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3492 | +0.026% | $968K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3492 | +0.021% | $107.3M | $62.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3491 | +0.006% | $54.0M | $12.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3492 | +0.026% | $15.5M | $10.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3492 | +0.026% | $9.8M | $3.1M | 75x | as long as short |
| MEXC TRX_USDTshort | +0.0100% | 8h | 0.3492 | +0.020% | $18.9M | $2.2M | 200x | |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3491 | +0.017% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3491 | −0.009% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3490 | −0.020% | $63K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3489 | −0.055% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3490 | −0.025% | $595K | $475K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3489 | −0.040% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3489 | −0.042% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3492 | +0.020% | $411 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3492 | +0.029% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3490 | −0.021% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3490 | −0.032% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | −0.023% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3491 | −0.003% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0414% | 1h | 0.3492 | +0.044% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0804% | 1h | 0.3495 | +0.127% | $904K | $668K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL