Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: Binance against Lighter+0.029%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.155% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.029%, 7d avg +0.006%
=Together, before fees−0.128%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.023% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3479 | 0.0096 | pay 0.0012% / 1h | 20m 32s | $486K | $674K | 10x |
| Short | Binance TRXUSDT | 0.3480 | 0.0100 | get 0.0100% / 8h | 20m 32s | $106.6M | $64.9M | 75x |
Lighter TRX
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $0.84
- Price spread: +0.029% → +0.006%
- $2.28
- Slippage, 4 orders
- −$5.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.34
- Costs to cover
- 0.155%
- Break-even
- 109.8 days
Slippage from Lighter: live order book, 14 min ago; Binance: live order book, 7 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 Lighter live order book, 14 min ago | 1.00 bp | 2.5 bp −$3 | 9.9 bp −$99 | 44.4 bp −$4,441 | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.14 bp | 5.1 bp −$5 | 10.5 bp −$105 | 15.3 bp −$1,531 | 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 | 0.3477 | −0.059% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0083% | 8h | 0.3476 | −0.078% | $833K | $958K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3483 | +0.115% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3479 | +0.015% | $182K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3479 | +0.009% | $126K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0010% | 1h | 0.3478 | −0.037% | $62K | $5K | 10x | as long as short |
| SoDEX TRX-USD | +0.0017% | 1h | 0.3478 | −0.026% | $407 | $5K | 5x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.087% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3479 | +0.003% | — | $32.6M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0085% | 8h | 0.3479 | −0.003% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
SoDEX TRX-USD
Injective TRX/USDC PERP
BingX TRX-USDT
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRXlong | +0.0096% | 1h | 0.3479 | long leg | $486K | $674K | 10x | |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3479 | −0.006% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3483 | +0.106% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3479 | +0.005% | $972K | $714K | 75x | as long as short |
| Binance TRXUSDTshort | +0.0100% | 8h | 0.3480 | +0.029% | $106.6M | $64.9M | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3480 | +0.034% | $53.4M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3480 | +0.023% | $15.6M | $10.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3479 | +0.006% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3479 | +0.017% | $19.1M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3481 | +0.049% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3478 | −0.017% | $9.8M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3477 | −0.055% | $569K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3480 | +0.035% | $593K | $494K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3481 | +0.049% | $116K | $604K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3479 | +0.006% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3479 | +0.003% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3478 | −0.026% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3477 | −0.045% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.089% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3479 | +0.018% | $2.3M | $1.9M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3479 | +0.009% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0589% | 1h | 0.3482 | +0.091% | $867K | $752K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL