Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: Binance against Lighter+0.021%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.165% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.021%, 7d avg +0.006%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3476 | 0.0096 | pay 0.0012% / 1h | 21m 57s | $485K | $663K | 10x |
| Short | Binance TRXUSDT | 0.3476 | 0.0100 | get 0.0100% / 8h | 6h 21m | $103.3M | $52.8M | 75x |
Lighter TRX
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.021% → +0.006%
- $1.58
- Slippage, 4 orders
- −$6.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.1
- Costs to cover
- 0.165%
- Break-even
- 124.5 days
Slippage from Lighter: live order book, 43 min ago; Binance: live order book, 6 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, 43 min ago | 1.30 bp | 2.4 bp −$2 | 10.6 bp −$106 | 41.6 bp −$4,158 | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.14 bp | 5.1 bp −$5 | 8.5 bp −$85 | 35.7 bp −$3,565 | doesn't fit |
TRX on 31 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 | 0.3475 | −0.005% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3471 | −0.124% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | +0.025% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3476 | +0.021% | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.0009% | 8h | 0.3476 | +0.026% | $8.7M | $3.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.993% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0065% | 1h | 0.3475 | −0.023% | $59K | $4K | 10x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3476 | +0.017% | — | $32.8M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0094% | 8h | 0.3476 | +0.003% | $14K | $122K | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3476 | long leg | $485K | $663K | 10x |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
KuCoin TRXUSDTM
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDT
Orderly PERP_TRX_USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3475 | −0.005% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3477 | +0.037% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3476 | +0.014% | $960K | $671K | 75x | as long as short |
| Binance TRXUSDTshort | +0.0100% | 8h | 0.3476 | +0.021% | $103.3M | $52.8M | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3477 | +0.037% | $54.7M | $10.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3476 | +0.020% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3476 | +0.006% | $9.7M | $2.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3476 | +0.003% | $18.6M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3476 | +0.014% | $10.4M | $3.2M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3471 | −0.132% | $566K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3468 | −0.206% | $592K | $448K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | −0.095% | $115K | $562K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.085% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3476 | 0.000% | $404 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3475 | −0.007% | $835K | $806K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3475 | −0.009% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3475 | −0.009% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3475 | −0.028% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3476 | +0.011% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0523% | 1h | 0.3477 | +0.048% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0573% | 1h | 0.3479 | +0.113% | $804K | $467K | 25x | as long as short |
Paradex TRX-USD-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL