Funding you earn now, next payment 23:00 UTC−0.0031%/8h= −3.3% APRpaid last 24h −0.002%
Price spread now: Lighter against Paradex−0.003%7-day average — · you buy dearer than you sell
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 airdropParadex: Active · Lighter: Season 3 · 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: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRX-USD-PERP | 0.3439 | 0.0039 | pay 0.0039% / 8h | 1h 10m | $9K | $385 | 20x |
| Short | Lighter TRX | 0.3439 | 0.0008 | get 0.0001% / 1h | 10m 15s | $482K | $637K | 10x |
Paradex TRX-USD-PERP
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$6.42
- Price spread: −0.003% → 0.000%
- −$0.35
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.76
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 4 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.73 bp | 2.0 bp −$2 | 7.8 bp −$78 | 43.0 bp −$4,297 | doesn't fit |
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 | 0.3439 | −0.005% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.052% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0073% | 8h | 0.3438 | −0.024% | $8.7M | $3.6M | 75x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.005% | $562K | $38K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.052% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | −0.006% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0026% | 1h | 0.3440 | +0.034% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | −0.011% | $825K | $720K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0003% | 8h | 0.3440 | +0.011% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.093% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.048% | $121K | — | 150x | as long as short |
| Lighter TRXshort | +0.0008% | 1h | 0.3439 | −0.003% | $482K | $637K | 10x | |
| MEXC TRX_USDT | +0.0015% | 8h | 0.3440 | +0.011% | $18.2M | $1.7M | 200x | as long as short |
| Aster TRXUSDT | +0.0015% | 8h | 0.3440 | +0.031% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.012% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0017% | 8h | 0.3440 | +0.021% | $99.3M | $48.2M | 75x | as long as short |
| SoDEX TRX-USD | +0.0020% | 1h | 0.3440 | +0.011% | $403 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.045% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERPlong | +0.0039% | 8h | 0.3439 | long leg | $9K | $385 | 20x | |
| BloFin TRX-USDT | +0.0064% | 8h | 0.3440 | +0.020% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3440 | +0.023% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3439 | +0.008% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.041% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3439 | +0.002% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.063% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | +0.002% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3440 | +0.014% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.005% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.063% | $115K | $550K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.063% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.045% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0511% | 1h | 0.3444 | +0.134% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
MEXC TRX_USDT
Aster TRXUSDT
Extended TRX-USD
Binance TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL