data as of
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TRX

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Funding spread now, next payment 17:00 UTC+0.0235%/8h
next payment, per $10,000+$0.29paid, last 24h+0.056%paid, last 5 days+0.018%to open and closeno order book
Long on BackpackShort on Lighter
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.018% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TRX_USDC_PERP0.3446−0.0139get 0.0017% / 1h25m 12s$60K$4K10x
ShortLighter TRX0.34470.0096get 0.0012% / 1h25m 12s$449K$562K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$49.32
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$39.32
Break-even
1.4 days
Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 12 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.017%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack no order-book sample—————
Sell Lighter live order book, 12 min ago1.30 bp1.8 bp −$29.2 bp −$9241.7 bp −$4,174doesn't fit
Backpack: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster TRXUSDT−0.0166%8h$914K$581K75xas long as short
Backpack TRX_USDC_PERPlong−0.0139%1h$60K$4K10x
Reya TRXRUSDPERP−0.0133%1h$5—20xas long as short
SoDEX TRX-USD−0.0107%1h$406$5K5xas long as short
Phoenix TRX−0.0093%1h$5K$13K10xas long as short
Bybit TRXUSDT−0.0066%8h$54.6M$7.7M75xas long as short
HTX TRX-USDT−0.0053%8h$836K$626K75xas long as short
Phemex TRXUSDT−0.0024%8h$3.7M$1.5M50xas long as short
dYdX TRX-USD0.0000%1h$186K$3K10xas long as short
Extended TRX-USD0.0000%1h$195K$1.1M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0007%1h$121K—150xas long as short
Binance TRXUSDT+0.0003%8h$100.6M$51.5M75xas long as short
MEXC TRX_USDT+0.0004%8h$17.4M$1.7M200xas long as short
BloFin TRX-USDT+0.0012%8h$4.6M$3.9M50xas long as short
OKX TRX-USDT-SWAP+0.0032%8h$15.6M$8.6M50xas long as short
Injective TRX/USDC PERP+0.0033%1h$1K$70K12xas long as short
Variational Omni TRX+0.0061%8h$559K$35K—as long as short
Paradex TRX-USD-PERP+0.0067%8h$8K$33320xas long as short
Aevo TRX-PERP+0.0080%1h$33K—3xas long as short
Orderly PERP_TRX_USDC+0.0084%8h$15K$113K20xas long as short
Lighter TRXshort+0.0096%1h$449K$562K10x
Hyperliquid TRX+0.0100%1h$13.2M$2.2M10xas long as short
Gate TRX_USDT+0.0100%8h$9.7M$2.4M75xas long as short
KuCoin TRXUSDTM+0.0100%8h$8.6M$3.6M75xas long as short
Bitget TRXUSDT+0.0100%8h$9.4M$2.1M75xas long as short
BingX TRX-USDC+0.0100%8h—$6.5M—as long as short
edgeX TRXUSDC+0.0100%4h$588K$449K20xas long as short
ApeX Omni TRXUSDT+0.0100%1h$115K$553K50xas long as short
SunX TRX-USDT+0.0100%8h$196K$851K30xas long as short
Kraken Futures PF_TRXUSD+0.0116%1h$1.9M$908K25xas long as short
Deribit TRX_USDC-PERPETUAL+0.0339%1h$797K$405K25xas long as short
GMX TRX/USD [ETH-USDC]L +0.0340% / S −0.0344%1h$18K—100xas long as short