Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.033%
Price spread now: Lighter against Variational Omni+0.032%7-day average +0.052% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.105%+$11 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.032%, 7d avg +0.052%
=Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.052%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3442 | −0.0040 | get 0.0040% / 8h | 32m 47s | $563K | $36K | — |
| Short | Lighter TRX | 0.3443 | 0.0096 | get 0.0012% / 1h | 32m 47s | $482K | $630K | 10x |
Variational Omni TRX
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $28.65
- Price spread: +0.032% → +0.052%
- −$2.05
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $26.6
- Costs to cover
- 0.000%
- Break-even
- 0.5 days
Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Lighter: live order book, 42 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 Variational Omni RFQ quote, 46 min ago | 5.81 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 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 | −0.032% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | +0.024% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3443 | +0.029% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0082% | 1h | 0.3443 | +0.023% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | +0.078% | $5K | $13K | 10x | as long as short |
| Variational Omni TRXlong | −0.0040% | 8h | 0.3442 | long leg | $563K | $36K | — | |
| HTX TRX-USDT | −0.0026% | 8h | 0.3442 | −0.007% | $827K | $728K | 75x | as long as short |
| Bybit TRXUSDT | −0.0021% | 8h | 0.3443 | +0.023% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.097% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.071% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix 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 | +0.0015% | 8h | 0.3443 | +0.035% | $15.6M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.0028% | 8h | 0.3444 | +0.046% | $18.2M | $1.8M | 200x | as long as short |
| Binance TRXUSDT | +0.0030% | 8h | 0.3444 | +0.046% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3443 | +0.019% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0054% | 8h | 0.3444 | +0.064% | $956K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.082% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0066% | 8h | 0.3443 | +0.022% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3443 | +0.038% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3443 | +0.035% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3442 | −0.015% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3443 | +0.026% | $14K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3443 | +0.032% | $482K | $630K | 10x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.087% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | +0.046% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.032% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3444 | +0.045% | $588K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | +0.084% | $115K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.072% | $196K | $923K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3443 | +0.038% | $402 | $5K | 5x | as long as short |
| BloFin TRX-USDT | +0.0116% | 8h | 0.3443 | +0.026% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3444 | +0.055% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0467% | 1h | 0.3447 | +0.151% | $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
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL