Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: Aster against Lighter+0.023%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.023%, 7d avg +0.024%
=Together, before fees+0.076%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3461 | 0.0096 | pay 0.0012% / 1h | 9m 59s | $484K | $632K | 10x |
| Short | Aster TRXUSDT | 0.3462 | 0.0100 | get 0.0100% / 8h | 7h 09m | $958K | $666K | 75x |
Lighter TRX
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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: +0.023% → +0.024%
- −$0.14
- Slippage, 4 orders
- −$11.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$18.65
- Costs to cover
- 0.194%
- Break-even
- 162.5 days
Slippage from Lighter: live order book, 60 min ago; Aster: live order book, 63 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 Lighter live order book, 60 min ago | 0.87 bp | 2.9 bp −$3 | 10.5 bp −$105 | 39.3 bp −$3,929 | doesn't fit |
| Sell Aster live order book, 63 min ago | 0.29 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | 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 | 0.3461 | +0.011% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0080% | 8h | 0.3462 | +0.029% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3461 | +0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.047% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.040% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.572% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3460 | −0.035% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0066% | 8h | 0.3462 | +0.033% | $565K | $37K | — | as long as short |
| MEXC TRX_USDT | +0.0087% | 8h | 0.3461 | −0.003% | $18.6M | $1.9M | 200x | as long as short |
| Extended TRX-USD | +0.0088% | 1h | 0.3460 | −0.027% | $194K | $1.0M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0088% | 8h | 0.3461 | −0.008% | $101.1M | $48.8M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | +0.014% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3462 | +0.038% | $9K | $251 | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3461 | long leg | $484K | $632K | 10x | |
| HTX TRX-USDT | +0.0097% | 8h | 0.3460 | −0.017% | $831K | $776K | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0099% | 8h | 0.3461 | 0.000% | $15.5M | $8.5M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3463 | +0.052% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDTshort | +0.0100% | 8h | 0.3462 | +0.023% | $958K | $666K | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3461 | +0.006% | $55.1M | $8.4M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3461 | +0.009% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3463 | +0.061% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3461 | +0.012% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3457 | −0.115% | $590K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3458 | −0.090% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.080% | $197K | $971K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3461 | +0.003% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3461 | +0.017% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.020% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3463 | +0.059% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0207% | 8h | 0.3461 | −0.009% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3462 | +0.029% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0648% | 1h | 0.3465 | +0.123% | $844K | $425K | 25x | as long as short |
Binance TRXUSDT
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
HTX TRX-USDT
OKX TRX-USDT-SWAP
Hyperliquid TRX
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL