Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.031%
Price spread now: Lighter against KuCoin−0.037%7-day average −0.002% · 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−$38as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.037%, 7d avg −0.002%
=Together, before fees+0.172%+ Points / potential airdropLighter: Season 3 · farm board+$17 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 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3490 | 0.0100 | pay 0.0100% / 8h | 1h 28m | $8.5M | $3.4M | 75x |
| Short | Lighter TRX | 0.3489 | 0.0096 | get 0.0012% / 1h | 28m 12s | $487K | $670K | 10x |
KuCoin TRXUSDTM
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$0.84
- Price spread: −0.037% → −0.002%
- −$3.53
- Slippage, 4 orders
- −$22.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$39.31
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Lighter: live order book, 11 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 KuCoin live order book, 10 min ago | 0.57 bp | 10.6 bp −$11 | 90.0 bp −$900 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 1.00 bp | 3.1 bp −$3 | 9.2 bp −$92 | 45.3 bp −$4,525 | 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 | 0.3487 | −0.078% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0031% | 8h | 0.3485 | −0.153% | $833K | $939K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3489 | −0.039% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3489 | −0.040% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3489 | −0.020% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.404% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3489 | −0.029% | — | $32.8M | — | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3489 | −0.037% | $487K | $670K | 10x | |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3488 | −0.047% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3488 | −0.043% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3492 | +0.054% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3487 | −0.082% | $966K | $706K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | −0.029% | $107.4M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3489 | −0.029% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3489 | −0.014% | $15.6M | $10.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3489 | −0.026% | $9.7M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3489 | −0.029% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTMlong | +0.0100% | 8h | 0.3490 | long leg | $8.5M | $3.4M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | −0.043% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3487 | −0.080% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3487 | −0.089% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3487 | −0.075% | $595K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3490 | −0.011% | $116K | $583K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3488 | −0.068% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3489 | −0.029% | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3489 | −0.029% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3488 | −0.060% | $205K | $593K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3487 | −0.090% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3488 | −0.063% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0252% | 1h | 0.3491 | +0.015% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3489 | −0.034% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0879% | 1h | 0.3493 | +0.098% | $906K | $685K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL