Funding you earn now, next payment 22:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.001%
Price spread now: Paradex against Lighter+0.005%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Paradex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3437 | −0.0008 | get 0.0001% / 1h | 29m 32s | $483K | $628K | 10x |
| Short | Paradex TRX-USD-PERP | 0.3438 | 0.0044 | get 0.0044% / 8h | 2h 29m | $9K | $385 | 20x |
Lighter TRX
Paradex TRX-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $11.02
- Price spread: +0.005% → 0.000%
- $0.45
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $7.47
- Costs to cover
- 0.040%
- Break-even
- 2.3 days
Slippage unknown: Lighter: live order book, 55 min ago; Paradex: 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, 55 min ago | 0.73 bp | 3.1 bp −$3 | 10.7 bp −$107 | 51.1 bp −$5,108 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | 0.3437 | −0.005% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0089% | 8h | 0.3437 | −0.012% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3436 | −0.031% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | +0.049% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0053% | 8h | 0.3438 | +0.029% | $951K | $638K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0049% | 1h | 0.3438 | +0.009% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | +0.047% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0031% | 8h | 0.3437 | −0.017% | $825K | $708K | 75x | as long as short |
| Lighter TRXlong | −0.0008% | 1h | 0.3437 | long leg | $483K | $628K | 10x | |
| SoDEX TRX-USD | −0.0005% | 1h | 0.3438 | +0.012% | $402 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0002% | 8h | 0.3438 | +0.012% | $99.3M | $49.1M | 75x | as long as short |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3438 | +0.017% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3437 | −0.013% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3439 | +0.053% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3438 | +0.003% | $15.6M | $8.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.0026% | 8h | 0.3436 | −0.032% | $8.7M | $3.6M | 75x | as long as short |
| Paradex TRX-USD-PERPshort | +0.0044% | 8h | 0.3438 | +0.005% | $9K | $385 | 20x | |
| BingX TRX-USDT | +0.0068% | 8h | 0.3438 | +0.003% | — | $38.2M | — | as long as short |
| Bitget TRXUSDT | +0.0069% | 8h | 0.3437 | 0.000% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3438 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3436 | −0.033% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3440 | +0.064% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0088% | 8h | 0.3438 | +0.017% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3440 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3438 | +0.012% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3437 | 0.000% | $586K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | +0.052% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.116% | $196K | $916K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3439 | +0.049% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0160% | 1h | 0.3439 | +0.037% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0323% | 1h | 0.3442 | +0.132% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3439 | +0.048% | $20K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
BingX TRX-USDT
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]