Spread before costs (cost unknown: a leg has no order-book sample)+0.043%
7d average—if it closes, per $10,000$4funding while held, a day+$7.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3447 | 0.0096 | pay 0.0012% / 1h | 15m 07s | $449K | $562K | 10x |
| Short | GMX TRX/USD [ETH-USDC] | 0.3449 | L +0.0340% / S −0.0344% | get 0.0043% / 1h | 15m 07s | $18K | — | 100x |
Lighter TRX
GMX TRX/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $4.29
- Funding while held
- $7.44
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$0.27
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 22 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0248%
- Per $10,000 a day
- +$7.44
- Average in range /8h
- —
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, 22 min ago | 1.30 bp | 3.0 bp −$3 | 12.2 bp −$122 | 44.3 bp −$4,434 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestedgeX0.3444+0.466%Bybit0.3445+0.502%Variational Omni0.3446+0.516%Aster0.3446+0.519%BingX0.3446+0.528%Aevo0.3446+0.528%HTX0.3446+0.535%SunX0.3446+0.537%Bitget0.3447+0.540%ApeX Omni0.3447+0.540%Backpack0.3447+0.548%Extended0.3447+0.553%Reya0.3447+0.554%Paradex0.3447+0.557%OKX0.3447+0.557%BloFin0.3447+0.557%Binance0.3447+0.560%Gate0.3447+0.560%MEXC0.3447+0.560%Orderly0.3447+0.560%SoDEX0.3447+0.560%Phemex0.3447+0.560%
Injective
Bybit
Variational Omni
Aster
BingX
Aevo
HTX
SunX
Bitget
ApeX Omni
Backpack
Extended
Reya
Paradex
OKX
BloFin
Binance
Gate
MEXC
Orderly
SoDEX
PhemexLighter0.3447+0.563%
Phoenix0.3448+0.581%KuCoin0.3448+0.592%
Phoenix
KuCoinGMX0.3449+0.606%
Hyperliquid0.3449+0.610%dYdX0.3449+0.612%gTrade (Gains Network)0.3449+0.625%Kraken Futures0.3450+0.636%Deribit0.3451+0.662%
Hyperliquid
dYdX
gTrade (Gains Network)
Kraken Futures
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.560% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| edgeX TRXUSDC | −0.097% | +0.0100% | 4h | $588K | $453K | 20x | as long as short |
| Bybit TRXUSDT | −0.061% | −0.0096% | 8h | $54.6M | $7.5M | 75x | as long as short |
| Variational Omni TRX | −0.047% | +0.0050% | 8h | $559K | $35K | — | as long as short |
| Aster TRXUSDT | −0.044% | −0.0163% | 8h | $914K | $581K | 75x | as long as short |
| BingX TRX-USDC | −0.035% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Aevo TRX-PERP | −0.035% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.028% | −0.0056% | 8h | $836K | $627K | 75x | as long as short |
| SunX TRX-USDT | −0.026% | +0.0100% | 8h | $196K | $853K | 30x | as long as short |
| Bitget TRXUSDT | −0.023% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni TRXUSDT | −0.023% | +0.0100% | 1h | $115K | $552K | 50x | as long as short |
| Backpack TRX_USDC_PERP | −0.015% | −0.0129% | 1h | $60K | $4K | 10x | as long as short |
| Extended TRX-USD | −0.010% | 0.0000% | 1h | $195K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.009% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Paradex TRX-USD-PERP | −0.006% | +0.0059% | 8h | $8K | $333 | 20x | as long as short |
| OKX TRX-USDT-SWAP | −0.006% | +0.0032% | 8h | $15.6M | $8.6M | 50x | as long as short |
| BloFin TRX-USDT | −0.006% | +0.0089% | 8h | $4.7M | $3.9M | 50x | as long as short |
| Binance TRXUSDT | −0.003% | 0.0000% | 8h | $100.4M | $50.9M | 75x | as long as short |
| Gate TRX_USDT | −0.003% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| MEXC TRX_USDT | −0.003% | 0.0000% | 8h | $17.3M | $1.7M | 200x | as long as short |
| Orderly PERP_TRX_USDC | −0.003% | +0.0083% | 8h | $15K | $112K | 20x | as long as short |
| SoDEX TRX-USD | −0.003% | −0.0108% | 1h | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | −0.003% | −0.0049% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Lighter TRXlong | 0.000% | +0.0096% | 1h | $449K | $562K | 10x | |
| Phoenix TRX | +0.017% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.029% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| GMX TRX/USD [ETH-USDC]short | +0.043% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | |
| Hyperliquid TRX | +0.046% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| dYdX TRX-USD | +0.049% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.061% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.073% | +0.0116% | 1h | $1.9M | $892K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.099% | +0.0266% | 1h | $797K | $381K | 25x | as long as short |