Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%
Price spread now: Lighter against Injective+0.732%96s7-day average +0.213% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 3 days (all we have)−0.709%−$71 · spread now +0.732%, 7d avg +0.213%
=Together, before fees−0.811%+ Points / potential airdropLighter: Season 3 · farm board−$81 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.519% dearer against Injective than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.213%. Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TRX/USDC PERP | 0.3441 | 0.0033 | pay 0.0004% / 1h | 45m 50s | $1K | $163K | 12x |
| Short | Lighter TRX | 0.3466 | 0.0096 | get 0.0012% / 1h | 45m 50s | $485K | $618K | 10x |
Injective TRX/USDC PERP
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $13.16
- Price spread: +0.732% → +0.213%
- $51.93
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $65.07
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 19 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 19 min ago | 1.30 bp | 3.1 bp −$3 | 8.7 bp −$87 | 43.2 bp −$4,317 | doesn't fit |
Injective: 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: 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 | 0.3467 | +0.746% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.729% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0039% | 8h | 0.3467 | +0.767% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.739% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3467 | +0.763% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0006% | 1h | 0.3466 | +0.721% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3465 | +0.695% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3467 | +0.746% | $9K | $251 | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3466 | +0.732% | $485K | $618K | 10x |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3469 | +0.805% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3467 | +0.750% | $957K | $669K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3467 | +0.748% | $101.9M | $49.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3467 | +0.764% | $55.1M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3467 | +0.761% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3467 | +0.747% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3467 | +0.750% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3468 | +0.785% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3467 | +0.767% | — | $6.5M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3466 | +0.725% | $566K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3465 | +0.685% | $591K | $446K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3465 | +0.689% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3464 | +0.663% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3467 | +0.759% | $409 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3465 | +0.687% | $833K | $793K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3467 | +0.741% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3466 | +0.730% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3465 | +0.693% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | +0.703% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3467 | +0.746% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3468 | +0.789% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0578% | 1h | 0.3470 | +0.849% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL