Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%
Price spread now: Gate against Lighter−0.006%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.006%, 7d avg −0.002%
=Together, before fees−0.033%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3471 | 0.0096 | pay 0.0012% / 1h | 42m 57s | $484K | $669K | 10x |
| Short | Gate TRX_USDT | 0.3471 | 0.0100 | get 0.0100% / 8h | 4h 42m | $9.6M | $2.9M | 75x |
Lighter TRX
Gate TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.006% → −0.002%
- −$0.41
- Slippage, 4 orders
- −$16.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$30.59
- Costs to cover
- 0.310%
- Break-even
- 261.9 days
Slippage from Lighter: live order book, 12 min ago; Gate: live order book, 1 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, 12 min ago | 1.30 bp | 3.3 bp −$3 | 10.0 bp −$100 | 41.7 bp −$4,172 | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.30 bp | 12.9 bp −$13 | 28.2 bp −$282 | 36.1 bp −$3,612 | 62.1 bp −$31.1K |
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 | 0.3470 | −0.022% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3472 | +0.029% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3471 | +0.010% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3471 | +0.016% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.856% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0045% | 1h | 0.3470 | −0.014% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3470 | −0.009% | — | $6.5M | — | as long as short |
| SoDEX TRX-USD | +0.0074% | 1h | 0.3471 | −0.003% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0091% | 8h | 0.3470 | −0.026% | $9K | $251 | 20x | as long as short |
| Lighter TRXlong | +0.0096% | 1h | 0.3471 | long leg | $484K | $669K | 10x |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
SoDEX TRX-USD
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3470 | −0.020% | $14K | $100K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3473 | +0.066% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3470 | −0.029% | $962K | $695K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | −0.002% | $105.0M | $58.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3470 | −0.020% | $53.6M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3470 | −0.023% | $15.5M | $9.7M | 50x | as long as short |
| Gate TRX_USDTshort | +0.0100% | 8h | 0.3471 | −0.006% | $9.6M | $2.9M | 75x | |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3471 | +0.003% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3472 | +0.026% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3472 | +0.023% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3469 | −0.053% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3470 | −0.023% | $592K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | +0.037% | $115K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | −0.023% | $197K | $1.2M | 30x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3469 | −0.058% | $833K | $841K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3470 | −0.014% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3469 | −0.044% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3469 | −0.059% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3470 | −0.012% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3471 | +0.012% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3472 | +0.024% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0476% | 1h | 0.3474 | +0.097% | $843K | $503K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL