Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.013%
Price spread now: Lighter against edgeX+0.005%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$170.168% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.005%, 7d avg +0.020%
Together, before fees−0.023%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TRXUSDC0.34450.0100pay 0.0050% / 4h3h 55m$589K$437K20x
ShortLighter TRX0.34460.0088get 0.0011% / 1h55m 02s$482K$628K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$2.52
Price spread: +0.005% → +0.020%
−$1.52
Slippage, 4 orders
−$7.84
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$20.88
Costs to cover
0.168%
Break-even
never at this rate
Slippage from edgeX: live order book, 19 min ago; Lighter: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 19 min ago0.87 bp5.4 bp −$56.8 bp −$68doesn't fitdoesn't fit
Sell Lighter live order book, 15 min ago0.87 bp3.2 bp −$37.5 bp −$7542.5 bp −$4,248doesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya TRXRUSDPERP−0.0133%1h0.3446+0.019%$520xas long as short
KuCoin TRXUSDTM−0.0089%8h0.3446+0.016%$8.7M$3.6M75xas long as short
Phoenix TRX−0.0070%1h0.3446+0.025%$5K$14K10xas long as short
Variational Omni TRX−0.0004%8h0.3446+0.017%$563K$36Kas long as short
dYdX TRX-USD0.0000%1h0.3449+0.093%$181K$10K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0007%1h0.3448+0.065%$121K150xas long as short
Backpack TRX_USDC_PERP+0.0026%1h0.3446+0.002%$58K$4K10xas long as short
Injective TRX/USDC PERP+0.0033%1h0.3441−0.129%$1K$163K12xas long as short
Gate TRX_USDT+0.0037%8h0.3446+0.019%$9.6M$2.4M75xas long as short
OKX TRX-USDT-SWAP+0.0041%8h0.3447+0.034%$15.6M$8.8M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TRX_USDT+0.0045%8h0.3446+0.013%$18.3M$1.9M200xas long as short
Binance TRXUSDT+0.0047%8h0.3446+0.028%$99.6M$48.4M75xas long as short
Extended TRX-USD+0.0048%1h0.3446+0.008%$196K$1.1M25xas long as short
HTX TRX-USDT+0.0078%8h0.3445−0.015%$828K$734K75xas long as short
Paradex TRX-USD-PERP+0.0079%8h0.3447+0.048%$9K$38520xas long as short
Lighter TRXshort+0.0088%1h0.3446+0.005%$482K$628K10x
Orderly PERP_TRX_USDC+0.0091%8h0.3447+0.040%$14K$107K20xas long as short
Aevo TRX-PERP+0.0096%1h0.3445−0.012%$33K3xas long as short
Aster TRXUSDT+0.0096%8h0.3447+0.042%$956K$660K75xas long as short
Hyperliquid TRX+0.0100%1h0.3448+0.060%$13.2M$2.2M10xas long as short
Bybit TRXUSDT+0.0100%8h0.3446+0.002%$54.7M$8.0M75xas long as short
Bitget TRXUSDT+0.0100%8h0.3446+0.028%$9.4M$2.1M75xas long as short
BingX TRX-USDC+0.0100%8h0.3446+0.025%$6.5Mas long as short
edgeX TRXUSDClong+0.0100%4h0.3445long leg$589K$437K20x
ApeX Omni TRXUSDT+0.0100%1h0.3445−0.001%$115K$572K50xas long as short
SunX TRX-USDT+0.0100%8h0.34450.000%$196K$940K30xas long as short
SoDEX TRX-USD+0.0100%1h0.3446+0.016%$407$5K5xas long as short
Phemex TRXUSDT+0.0100%8h0.3447+0.037%$3.8M$1.6M50xas long as short
BloFin TRX-USDT+0.0167%8h0.3447+0.031%$4.6M$4.0M50xas long as short
Kraken Futures PF_TRXUSD+0.0173%1h0.3448+0.079%$2.1M$1.2M25xas long as short
GMX TRX/USD [ETH-USDC]L +0.0367% / S −0.0395%1h0.3448+0.065%$20K100xas long as short
Deribit TRX_USDC-PERPETUAL+0.0527%1h0.3450+0.131%$833K$417K25xas long as short