Spread before costs (cost unknown: a leg has no order-book sample)−0.522%
7d average−0.206%if it closes, per $10,000$52funding while held, a day−$1.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3446 | 0.0096 | pay 0.0012% / 1h | 52m 26s | $446K | $576K | 10x |
| Short | Injective TRX/USDC PERP | 0.3428 | 0.0033 | get 0.0004% / 1h | 52m 26s | $1K | $97K | 12x |
Lighter TRX
Injective TRX/USDC PERPPrice 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
- −$52.23
- Funding while held
- −$1.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$54.13
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 54 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0063%
- Per $10,000 a day
- −$1.88
- 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, 54 min ago | 1.01 bp | 2.5 bp −$2 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.3428cheapest
HTX0.3444+0.460%Aevo0.3444+0.464%SunX0.3444+0.470%Backpack0.3445+0.487%BloFin0.3445+0.487%Phemex0.3445+0.499%Aster0.3445+0.505%Paradex0.3445+0.507%Extended0.3446+0.515%Reya0.3446+0.519%
HTX
Aevo
SunX
Backpack
BloFin
Phemex
Aster
Paradex
Extended
ReyaLighter0.3446+0.525%
Binance0.3446+0.525%Bybit0.3446+0.525%MEXC0.3446+0.525%SoDEX0.3446+0.528%BingX0.3446+0.537%OKX0.3447+0.543%dYdX0.3447+0.545%Gate0.3447+0.546%Bitget0.3447+0.546%Orderly0.3447+0.551%GMX0.3447+0.562%gTrade (Gains Network)0.3448+0.572%Hyperliquid0.3448+0.581%Kraken Futures0.3448+0.581%Variational Omni0.3448+0.582%KuCoin0.3448+0.589%Phoenix0.3449+0.601%edgeX0.3449+0.615%Deribit0.3449+0.627%ApeX Omni0.3450+0.653%
Binance
Bybit
MEXC
SoDEX
BingX
OKX
dYdX
Gate
Bitget
Orderly
GMX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
Variational Omni
KuCoin
Phoenix
Deribit
ApeX OmniTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERPshort | −0.522% | +0.0033% | 1h | $1K | $97K | 12x | |
| HTX TRX-USDT | −0.064% | −0.0332% | 8h | $857K | $539K | 75x | as long as short |
| Aevo TRX-PERP | −0.061% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.055% | +0.0100% | 8h | $196K | $835K | 30x | as long as short |
| Backpack TRX_USDC_PERP | −0.038% | −0.0145% | 1h | $60K | $4K | 10x | as long as short |
| BloFin TRX-USDT | −0.038% | +0.0104% | 8h | $4.7M | $3.7M | 50x | as long as short |
| Phemex TRXUSDT | −0.026% | +0.0025% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Aster TRXUSDT | −0.020% | −0.0245% | 8h | $943K | $548K | 75x | as long as short |
| Paradex TRX-USD-PERP | −0.018% | +0.0088% | 8h | $8K | $333 | 20x | as long as short |
| Extended TRX-USD | −0.010% | −0.0016% | 1h | $195K | $1.1M | 25x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.006% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Lighter TRXlong | 0.000% | +0.0096% | 1h | $446K | $576K | 10x | |
| Binance TRXUSDT | 0.000% | −0.0017% | 8h | $100.2M | $48.9M | 75x | as long as short |
| Bybit TRXUSDT | 0.000% | +0.0065% | 8h | $54.7M | $7.6M | 75x | as long as short |
| MEXC TRX_USDT | 0.000% | −0.0015% | 8h | $17.5M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.003% | −0.0111% | 1h | $407 | $5K | 5x | as long as short |
| BingX TRX-USDC | +0.012% | −0.0016% | 8h | — | $6.5M | — | as long as short |
| OKX TRX-USDT-SWAP | +0.017% | −0.0003% | 8h | $15.5M | $8.9M | 50x | as long as short |
| dYdX TRX-USD | +0.020% | +0.0266% | 1h | $187K | $3K | 10x | as long as short |
| Gate TRX_USDT | +0.020% | +0.0001% | 8h | $9.7M | $2.2M | 75x | as long as short |
| Bitget TRXUSDT | +0.020% | +0.0100% | 8h | $9.5M | $2.0M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.026% | +0.0077% | 8h | $15K | $206K | 20x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.037% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.046% | L +0.0003% / S −0.0006% | 1h | $122K | — | 150x | as long as short |
| Hyperliquid TRX | +0.055% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.056% | +0.0427% | 1h | $1.9M | $853K | 25x | as long as short |
| Variational Omni TRX | +0.057% | +0.0097% | 8h | $559K | $35K | — | as long as short |
| KuCoin TRXUSDTM | +0.064% | +0.0100% | 8h | $8.7M | $3.4M | 75x | as long as short |
| Phoenix TRX | +0.075% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| edgeX TRXUSDC | +0.089% | +0.0100% | 4h | $589K | $450K | 20x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.101% | +0.0124% | 1h | $801K | $369K | 25x | as long as short |
| ApeX Omni TRXUSDT | +0.128% | +0.0100% | 1h | $115K | $546K | 50x | as long as short |