Funding you earn now, next payment 11:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.021%
Price spread now: gTrade (Gains Network) against Lighter+0.104%281s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2762.763% of the position
Funding, last 4 days (all we have)−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.104%, 7d avg +0.023%
=Together, before fees−0.199%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.081% dearer against Lighter than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.023%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 281 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 | Lighter TRX | 0.3474 | 0.0096 | pay 0.0012% / 1h | 48m 29s | $481K | $656K | 10x |
| Short | gTrade (Gains Network) TRX/USD | 0.3478 | L +0.0003% / S −0.0008% | get 0.0001% / 1h | 48m 29s | $137K | — | 150x |
Lighter TRX
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$18.43
- Price spread: +0.104% → +0.023%
- $8.12
- Slippage, 4 orders
- −$266.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$286.66
- Costs to cover
- 2.763%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 59 min ago; gTrade (Gains Network): virtual book (oracle exchange), 63 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, 59 min ago | 1.00 bp | 1.6 bp −$2 | 9.5 bp −$95 | 44.8 bp −$4,478 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle exchange), 63 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0342% | 8h | 0.3472 | −0.060% | $961K | $936K | 75x | as long as short |
| HTX TRX-USDT | −0.0217% | 8h | 0.3474 | −0.017% | $831K | $885K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3473 | −0.031% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0062% | 1h | 0.3474 | −0.012% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | +0.055% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | 0.0000% | 1h | 0.3474 | 0.000% | $402 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | +0.056% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0008% | 1h | 0.3478 | +0.104% | $137K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.956% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3474 | −0.006% | — | $32.5M | — | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
SoDEX TRX-USD
dYdX TRX-USD
Injective TRX/USDC PERP
BingX TRX-USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0087% | 8h | 0.3474 | −0.017% | $9K | $52 | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3474 | long leg | $481K | $656K | 10x | |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3473 | −0.020% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3478 | +0.109% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3474 | +0.005% | $106.7M | $64.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | −0.040% | $53.3M | $13.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3473 | −0.023% | $15.4M | $11.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3474 | −0.009% | $9.5M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3474 | +0.009% | $18.9M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3474 | −0.006% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3473 | −0.026% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3473 | −0.046% | $576K | $28K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3474 | −0.007% | $593K | $508K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3476 | +0.040% | $117K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.043% | $197K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3475 | +0.020% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.047% | $211K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3472 | −0.054% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3475 | +0.012% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0269% | 1h | 0.3474 | −0.007% | $2.3M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3476 | +0.053% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0446% | 1h | 0.3478 | +0.104% | $804K | $724K | 25x | as long as short |
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance 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