Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%
Price spread now: OKX against Lighter0.000%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now 0.000%, 7d avg −0.003%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3481 | 0.0096 | pay 0.0012% / 1h | 58m 29s | $485K | $669K | 10x |
| Short | OKX TRX-USDT-SWAP | 0.3481 | 0.0100 | get 0.0100% / 8h | 3h 58m | $15.5M | $9.9M | 50x |
Lighter TRX
OKX TRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: 0.000% → −0.003%
- $0.29
- Slippage, 4 orders
- −$9.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$18.21
- Costs to cover
- 0.193%
- Break-even
- 158.7 days
Slippage from Lighter: live order book, 56 min ago; OKX: 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, 56 min ago | 1.30 bp | 3.3 bp −$3 | 10.0 bp −$100 | 41.7 bp −$4,172 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.14 bp | 6.7 bp −$7 | 13.3 bp −$133 | 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 | 0.3480 | −0.010% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3480 | −0.011% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3481 | −0.003% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3481 | +0.008% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.141% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3481 | −0.003% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3480 | −0.016% | $9K | $251 | 20x | as long as short |
| HTX TRX-USDT | +0.0095% | 8h | 0.3479 | −0.044% | $835K | $858K | 75x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3481 | long leg | $485K | $669K | 10x | |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3480 | −0.009% | $15K | $44K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Paradex TRX-USD-PERP
HTX TRX-USDT
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 | 0.3484 | +0.086% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3481 | +0.005% | $964K | $695K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | +0.011% | $105.7M | $59.1M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3481 | +0.009% | $53.7M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAPshort | +0.0100% | 8h | 0.3481 | 0.000% | $15.5M | $9.9M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3481 | +0.006% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3481 | +0.011% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3481 | +0.017% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | +0.009% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3480 | −0.020% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.081% | $569K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3479 | −0.057% | $593K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3478 | −0.083% | $116K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3479 | −0.037% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3481 | +0.017% | $405 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3481 | 0.000% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3480 | −0.022% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.041% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3482 | +0.042% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.023% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3481 | −0.003% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0606% | 1h | 0.3485 | +0.111% | $853K | $526K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
MEXC 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
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL