Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.021%
Price spread now: gTrade (Gains Network) against Lighter+0.011%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2752.754% of the position
Funding, last 3 days (all we have)−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.011%, 7d avg +0.025%
=Together, before fees−0.124%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3474 | 0.0096 | pay 0.0012% / 1h | 16m 28s | $485K | $669K | 10x |
| Short | gTrade (Gains Network) TRX/USD | 0.3474 | L +0.0003% / S −0.0008% | get 0.0001% / 1h | 16m 28s | $122K | — | 150x |
Lighter TRX
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$18.58
- Price spread: +0.011% → +0.025%
- −$1.39
- Slippage, 4 orders
- −$265.43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$295.4
- Costs to cover
- 2.754%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 38 min ago; gTrade (Gains Network): virtual book (oracle venue), 42 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, 38 min ago | 1.30 bp | 3.3 bp −$3 | 10.0 bp −$100 | 41.7 bp −$4,172 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 42 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | 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 | 0.3473 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3473 | −0.014% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3474 | +0.019% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0008% | 1h | 0.3474 | +0.011% | $122K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.941% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0040% | 1h | 0.3473 | −0.017% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3473 | −0.006% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3473 | −0.010% | $9K | $251 | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3474 | long leg | $485K | $669K | 10x | |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3473 | −0.017% | $15K | $100K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0100% | 8h | 0.3471 | −0.064% | $833K | $855K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3476 | +0.080% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3473 | −0.023% | $962K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3474 | 0.000% | $105.2M | $58.8M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | −0.020% | $53.6M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3474 | 0.000% | $15.5M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3474 | +0.012% | $9.6M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3474 | +0.009% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3474 | 0.000% | $8.6M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3473 | −0.006% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | −0.053% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3472 | −0.060% | $592K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3474 | +0.003% | $116K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.042% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | −0.006% | $405 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3474 | +0.006% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.031% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3472 | −0.062% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3473 | −0.029% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3475 | +0.026% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3474 | +0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0495% | 1h | 0.3477 | +0.093% | $843K | $504K | 25x | as long as short |
HTX TRX-USDT
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
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