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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3445 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $589K | $437K | 20x |
| Short | Lighter TRX | 0.3446 | 0.0088 | get 0.0011% / 1h | 55m 02s | $482K | $628K | 10x |
edgeX TRXUSDC
Lighter TRXFunding 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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 19 min ago | 0.87 bp | 5.4 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | 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 | 0.3446 | +0.019% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3446 | +0.016% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | +0.025% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0004% | 8h | 0.3446 | +0.017% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3449 | +0.093% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3448 | +0.065% | $121K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0026% | 1h | 0.3446 | +0.002% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.129% | $1K | $163K | 12x | as long as short |
| Gate TRX_USDT | +0.0037% | 8h | 0.3446 | +0.019% | $9.6M | $2.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0041% | 8h | 0.3447 | +0.034% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Gate TRX_USDT
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0045% | 8h | 0.3446 | +0.013% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0047% | 8h | 0.3446 | +0.028% | $99.6M | $48.4M | 75x | as long as short |
| Extended TRX-USD | +0.0048% | 1h | 0.3446 | +0.008% | $196K | $1.1M | 25x | as long as short |
| HTX TRX-USDT | +0.0078% | 8h | 0.3445 | −0.015% | $828K | $734K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0079% | 8h | 0.3447 | +0.048% | $9K | $385 | 20x | as long as short |
| Lighter TRXshort | +0.0088% | 1h | 0.3446 | +0.005% | $482K | $628K | 10x | |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3447 | +0.040% | $14K | $107K | 20x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3445 | −0.012% | $33K | — | 3x | as long as short |
| Aster TRXUSDT | +0.0096% | 8h | 0.3447 | +0.042% | $956K | $660K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3448 | +0.060% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3446 | +0.002% | $54.7M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | +0.028% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3446 | +0.025% | — | $6.5M | — | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3445 | long leg | $589K | $437K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | −0.001% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | 0.000% | $196K | $940K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3446 | +0.016% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3447 | +0.037% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0167% | 8h | 0.3447 | +0.031% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3448 | +0.079% | $2.1M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3448 | +0.065% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0527% | 1h | 0.3450 | +0.131% | $833K | $417K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Aster TRXUSDT
Hyperliquid TRX
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL