Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter against dYdX−0.023%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2002.002% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.023%, 7d avg −0.025%
=Together, before fees−0.331%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.360%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRX-USD | 0.3443 | 0 | get 0.0000% / 1h | 22m 14s | $181K | $10K | 10x |
| Short | Lighter TRX | 0.3442 | 0.0088 | get 0.0011% / 1h | 22m 14s | $482K | $630K | 10x |
dYdX TRX-USD
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $18.48
- Price spread: −0.023% → −0.025%
- $0.21
- Slippage, 4 orders
- −$190.23
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$181.54
- Costs to cover
- 2.002%
- Break-even
- 75.8 days
Slippage from dYdX: live order book, 57 min ago; Lighter: live order book, 52 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 dYdX live order book, 57 min ago | 60.16 bp | 125.4 bp −$125 | 164.8 bp −$1,648 | 237.2 bp −$23.7K | 573.4 bp −$286.7K |
| Sell Lighter live order book, 52 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 | −0.046% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | −0.034% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0091% | 8h | 0.3442 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0079% | 1h | 0.3442 | −0.023% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.003% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0033% | 8h | 0.3443 | +0.015% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0020% | 8h | 0.3440 | −0.073% | $826K | $730K | 75x | as long as short |
| Bybit TRXUSDT | −0.0020% | 8h | 0.3442 | −0.017% | $54.6M | $8.1M | 75x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3443 | long leg | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.028% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
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 | +0.0024% | 8h | 0.3442 | −0.026% | $15.6M | $8.8M | 50x | as long as short |
| Binance TRXUSDT | +0.0032% | 8h | 0.3442 | −0.012% | $99.2M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3441 | −0.038% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0032% | 8h | 0.3442 | −0.014% | $18.2M | $1.9M | 200x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3443 | +0.022% | $1.9M | $1.0M | 25x | as long as short |
| Aster TRXUSDT | +0.0064% | 8h | 0.3444 | +0.043% | $956K | $659K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3442 | −0.025% | $9K | $385 | 20x | as long as short |
| SoDEX TRX-USD | +0.0078% | 1h | 0.3442 | −0.020% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0083% | 8h | 0.3442 | −0.008% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3442 | −0.017% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.060% | $33K | — | 3x | as long as short |
| Lighter TRXshort | +0.0088% | 1h | 0.3442 | −0.023% | $482K | $630K | 10x | |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3442 | −0.020% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.032% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | −0.008% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3442 | −0.020% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.052% | $587K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.052% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.011% | $196K | $925K | 30x | as long as short |
| BloFin TRX-USDT | +0.0130% | 8h | 0.3441 | −0.055% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0386% | 1h | 0.3446 | +0.098% | $832K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
Binance TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
Aster TRXUSDT
Paradex TRX-USD-PERP
SoDEX TRX-USD
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL