Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter against Phemex−0.020%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.020%, 7d avg −0.008%
=Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3465 | 0.0100 | pay 0.0100% / 8h | 6h 49m | $3.9M | $1.6M | 50x |
| Short | Lighter TRX | 0.3464 | 0.0096 | get 0.0012% / 1h | 49m 42s | $485K | $618K | 10x |
Phemex TRXUSDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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% → −0.008%
- −$1.18
- Slippage, 4 orders
- −$9.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.38
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 15 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 Phemex live order book, 4 min ago | 0.14 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 1.30 bp | 3.1 bp −$3 | 8.7 bp −$87 | 43.2 bp −$4,317 | 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 | 0.3464 | −0.022% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0048% | 8h | 0.3465 | +0.012% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | −0.069% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.042% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3465 | +0.009% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0015% | 1h | 0.3464 | −0.023% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.693% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3464 | −0.038% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3465 | −0.010% | $9K | $251 | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3464 | −0.020% | $485K | $618K | 10x |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.061% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3464 | −0.022% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3465 | +0.006% | $101.9M | $49.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3465 | 0.000% | $55.0M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3465 | +0.009% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3466 | +0.014% | $9.7M | $2.5M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3465 | 0.000% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.038% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3465 | −0.006% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | −0.001% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.050% | $591K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | −0.052% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.096% | $197K | $998K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3465 | +0.003% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.101% | $832K | $791K | 75x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3465 | long leg | $3.9M | $1.6M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | −0.012% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3463 | −0.051% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | +0.006% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3465 | −0.008% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3466 | +0.029% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0627% | 1h | 0.3469 | +0.106% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL