Funding you earn now, next payment 12:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Extended+0.080%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.080%, 7d avg +0.039%
=Together, before fees+0.075%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3459 | 0.0104 | pay 0.0013% / 1h | 48m 22s | $215K | $1.4M | 25x |
| Short | Lighter TRX | 0.3462 | 0.0096 | get 0.0012% / 1h | 48m 22s | $483K | $669K | 10x |
Extended TRX-USD
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.080% → +0.039%
- $4.16
- Slippage, 4 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.52
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 54 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 Extended live order book, 3 min ago | 0.29 bp | 3.9 bp −$4 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 54 min ago | 1.01 bp | 3.6 bp −$4 | 11.4 bp −$114 | 45.7 bp −$4,567 | 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 | −0.0346% | 8h | 0.3461 | +0.046% | $976K | $994K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | −0.0302% | 1h | 0.3462 | +0.077% | $2.3M | $1.8M | 25x | as long as short |
| HTX TRX-USDT | −0.0166% | 8h | 0.3460 | +0.040% | $829K | $886K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0153% | 1h | 0.3462 | +0.069% | $57K | $8K | 10x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3460 | +0.013% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0095% | 8h | 0.3460 | +0.020% | $53.3M | $13.7M | 75x | as long as short |
| BingX TRX-USDT | −0.0081% | 8h | 0.3461 | +0.051% | — | $32.5M | — | as long as short |
| Phoenix TRX | −0.0069% | 1h | 0.3463 | +0.121% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0047% | 1h | 0.3461 | +0.060% | $403 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3462 | +0.079% | $136K | — | 150x | as long as short |
Aster TRXUSDT
Kraken Futures PF_TRXUSD
HTX TRX-USDT
Backpack TRX_USDC_PERP
Reya TRXRUSDPERP
Bybit TRXUSDT
BingX TRX-USDT
Phoenix TRX
SoDEX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | +0.0026% | 8h | 0.3460 | +0.037% | $9.7M | $4.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.524% | $1K | $163K | 12x | as long as short |
| Paradex TRX-USD-PERP | +0.0072% | 8h | 0.3461 | +0.055% | $9K | $52 | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3462 | +0.080% | $483K | $669K | 10x | |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3461 | +0.060% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3465 | +0.173% | $14.2M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3461 | +0.059% | $104.8M | $66.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3461 | +0.046% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3461 | +0.054% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3462 | +0.083% | $18.4M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3462 | +0.074% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3460 | +0.013% | $568K | $49K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | +0.062% | $590K | $513K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | +0.112% | $116K | $619K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3460 | +0.015% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | +0.101% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USDlong | +0.0104% | 1h | 0.3459 | long leg | $215K | $1.4M | 25x | |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3459 | −0.002% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3462 | +0.089% | $4.8M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0310% | 1h | 0.3464 | +0.149% | $788K | $714K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3462 | +0.091% | $20K | — | 100x | as long as short |
| dYdX TRX-USD | +0.0463% | 1h | 0.3462 | +0.087% | $181K | $10K | 10x | as long as short |
Bitget TRXUSDT
Injective TRX/USDC PERP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]
dYdX TRX-USD