Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.025%
Price spread now: Lighter against Extended+0.001%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.001%, 7d avg +0.041%
=Together, before fees+0.191%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.040% cheaper against Extended than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.142% in total) that is about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3455 | 0.0064 | pay 0.0008% / 1h | 30m 33s | $194K | $1.4M | 25x |
| Short | Lighter TRX | 0.3455 | 0.0096 | get 0.0012% / 1h | 30m 33s | $483K | $630K | 10x |
Extended TRX-USD
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $6.72
- Price spread: +0.001% → +0.041%
- −$4.01
- Slippage, 4 orders
- −$8.12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.41
- Costs to cover
- 0.131%
- Break-even
- 17.8 days
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 39 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 Extended live order book, 3 min ago | 0.14 bp | 3.5 bp −$4 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | 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 | 0.3455 | +0.011% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3455 | +0.001% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3454 | −0.017% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.052% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | +0.038% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.393% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | −0.018% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0057% | 1h | 0.3454 | −0.002% | $58K | $4K | 10x | as long as short |
| Extended TRX-USDlong | +0.0064% | 1h | 0.3455 | long leg | $194K | $1.4M | 25x | |
| MEXC TRX_USDT | +0.0065% | 8h | 0.3455 | +0.012% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
Backpack TRX_USDC_PERP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0066% | 8h | 0.3455 | +0.020% | $100.2M | $47.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0068% | 8h | 0.3456 | +0.041% | $15.5M | $8.4M | 50x | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3454 | −0.029% | $830K | $752K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0088% | 8h | 0.3455 | 0.000% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | −0.005% | $15K | $107K | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3455 | +0.001% | $483K | $630K | 10x | |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.048% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | +0.064% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | +0.037% | $959K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | +0.012% | $54.9M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3456 | +0.035% | $9.7M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | +0.024% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3455 | +0.021% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3451 | −0.115% | $590K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3451 | −0.092% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3451 | −0.105% | $196K | $932K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | +0.018% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.064% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0186% | 8h | 0.3454 | −0.022% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3454 | −0.013% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0497% | 1h | 0.3459 | +0.119% | $835K | $407K | 25x | as long as short |
Binance TRXUSDT
OKX TRX-USDT-SWAP
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL