Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.007%
Price spread now: Lighter against BloFin−0.015%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.015%, 7d avg −0.001%
=Together, before fees−0.021%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3440 | 0.0065 | pay 0.0065% / 8h | 1h 04m | $4.6M | $4.0M | 50x |
| Short | Lighter TRX | 0.3439 | 0 | get 0.0000% / 1h | 4m 56s | $482K | $637K | 10x |
BloFin TRX-USDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$13.67
- Price spread: −0.015% → −0.001%
- −$1.32
- Slippage, 4 orders
- −$6.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.66
- Costs to cover
- 0.187%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Lighter: live order book, 10 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 BloFin live order book, 9 min ago | 0.29 bp | 6.7 bp −$7 | 9.1 bp −$91 | 21.0 bp −$2,098 | doesn't fit |
| Sell Lighter live order book, 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3439 | −0.016% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.035% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0081% | 8h | 0.3440 | −0.003% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.029% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0068% | 8h | 0.3438 | −0.051% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | −0.023% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0024% | 8h | 0.3439 | −0.029% | $826K | $721K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0007% | 1h | 0.3440 | +0.015% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3439 | −0.015% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRXshort | 0.0000% | 1h | 0.3439 | −0.015% | $482K | $637K | 10x |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.025% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.043% | $121K | — | 150x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.021% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3440 | +0.003% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0016% | 8h | 0.3440 | +0.003% | $99.3M | $48.2M | 75x | as long as short |
| Aster TRXUSDT | +0.0018% | 8h | 0.3439 | −0.018% | $954K | $659K | 75x | as long as short |
| SoDEX TRX-USD | +0.0020% | 1h | 0.3440 | 0.000% | $404 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.051% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3439 | −0.009% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDTlong | +0.0065% | 8h | 0.3440 | long leg | $4.6M | $4.0M | 50x | |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3440 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3439 | −0.009% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.049% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.006% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.052% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | −0.009% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | 0.000% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.032% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.017% | $115K | $552K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.055% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.031% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0424% | 1h | 0.3444 | +0.118% | $832K | $411K | 25x | as long as short |
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
SoDEX TRX-USD
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
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL