Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.022%
Price spread now: Lighter against Aster−0.026%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.026%, 7d avg −0.024%
=Together, before fees−0.043%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TRXUSDT | 0.3443 | 0.0034 | pay 0.0034% / 8h | 49m 52s | $956K | $659K | 75x |
| Short | Lighter TRX | 0.3442 | 0.0072 | get 0.0009% / 1h | 49m 52s | $482K | $630K | 10x |
Aster TRXUSDT
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- $7.97
- Price spread: −0.026% → −0.024%
- −$0.14
- Slippage, 4 orders
- −$9.09
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.27
- Costs to cover
- 0.171%
- Break-even
- 15.1 days
Slippage from Aster: live order book, 28 min ago; Lighter: live order book, 25 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 Aster live order book, 28 min ago | 0.14 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.064% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3442 | −0.026% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0112% | 1h | 0.3442 | −0.026% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0088% | 8h | 0.3442 | −0.029% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.015% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0056% | 8h | 0.3442 | −0.033% | $563K | $36K | — | as long as short |
| Bybit TRXUSDT | −0.0034% | 8h | 0.3443 | −0.017% | $54.6M | $8.0M | 75x | as long as short |
| HTX TRX-USDT | −0.0029% | 8h | 0.3441 | −0.067% | $826K | $724K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.021% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.016% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3443 | −0.008% | $15.6M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.0022% | 8h | 0.3443 | −0.008% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0023% | 8h | 0.3443 | −0.011% | $99.3M | $47.8M | 75x | as long as short |
| Extended TRX-USD | +0.0024% | 1h | 0.3442 | −0.032% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDTlong | +0.0034% | 8h | 0.3443 | long leg | $956K | $659K | 75x | |
| Paradex TRX-USD-PERP | +0.0054% | 8h | 0.3442 | −0.034% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3444 | +0.027% | $1.9M | $1.0M | 25x | as long as short |
| Lighter TRXshort | +0.0072% | 1h | 0.3442 | −0.026% | $482K | $630K | 10x | |
| Phemex TRXUSDT | +0.0079% | 8h | 0.3443 | −0.014% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3443 | −0.014% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.067% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3443 | −0.020% | $14K | $107K | 20x | as long as short |
| BloFin TRX-USDT | +0.0090% | 8h | 0.3443 | −0.014% | $4.6M | $4.0M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.041% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3443 | −0.008% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | −0.014% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | −0.040% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.046% | $115K | $557K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.042% | $196K | $918K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3443 | −0.011% | $403 | $5K | 5x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0365% / S −0.0395% | 1h | 0.3443 | −0.002% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0517% | 1h | 0.3447 | +0.097% | $829K | $414K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
BloFin TRX-USDT
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL