Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%
Price spread now: Lighter against SunX−0.037%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.037%, 7d avg +0.095%
=Together, before fees+0.147%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.132% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3445 | 0.0100 | pay 0.0100% / 8h | 30m 11s | $196K | $923K | 30x |
| Short | Lighter TRX | 0.3444 | 0.0096 | get 0.0012% / 1h | 30m 11s | $482K | $630K | 10x |
SunX TRX-USDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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: −0.037% → +0.095%
- −$13.2
- Slippage, 4 orders
- −$40.4
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$62.45
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from SunX: live order book, 32 min ago; Lighter: live order book, 44 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 SunX live order book, 32 min ago | 7.89 bp | 14.0 bp −$14 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 0.73 bp | 2.0 bp −$2 | 7.8 bp −$78 | 43.0 bp −$4,297 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.115% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.043% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0091% | 8h | 0.3443 | −0.046% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0081% | 1h | 0.3443 | −0.043% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | −0.005% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0038% | 8h | 0.3443 | −0.054% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0024% | 8h | 0.3443 | −0.069% | $827K | $729K | 75x | as long as short |
| Bybit TRXUSDT | −0.0020% | 8h | 0.3444 | −0.028% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.014% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | 0.000% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0018% | 8h | 0.3444 | −0.031% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0029% | 8h | 0.3445 | −0.011% | $18.2M | $1.8M | 200x | as long as short |
| Binance TRXUSDT | +0.0030% | 8h | 0.3444 | −0.014% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3443 | −0.049% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0057% | 8h | 0.3444 | −0.019% | $956K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.003% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0067% | 8h | 0.3444 | −0.039% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3444 | −0.022% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3443 | −0.043% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3442 | −0.075% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | −0.048% | $14K | $107K | 20x | as long as short |
| SoDEX TRX-USD | +0.0092% | 1h | 0.3444 | −0.031% | $400 | $5K | 5x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3444 | −0.037% | $482K | $630K | 10x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.021% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3445 | −0.008% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.028% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.059% | $588K | $433K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3444 | −0.017% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3445 | long leg | $196K | $923K | 30x | |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3444 | −0.031% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | −0.005% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0505% | 1h | 0.3448 | +0.086% | $830K | $414K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Aster TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
SoDEX TRX-USD
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL