Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter against OKX−0.003%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.003%, 7d avg +0.002%
=Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRX-USDT-SWAP | 0.3482 | 0.0100 | pay 0.0100% / 8h | 7h 30m | $15.6M | $11.0M | 50x |
| Short | Lighter TRX | 0.3482 | 0.0096 | get 0.0012% / 1h | 30m 12s | $488K | $672K | 10x |
OKX TRX-USDT-SWAP
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: −0.003% → +0.002%
- −$0.5
- Slippage, 4 orders
- −$9.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.49
- Costs to cover
- 0.192%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 64 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 OKX live order book, 3 min ago | 0.14 bp | 7.0 bp −$7 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 64 min ago | 1.00 bp | 2.6 bp −$3 | 11.8 bp −$118 | 42.1 bp −$4,207 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0213% | 8h | 0.3480 | −0.042% | $834K | $956K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3481 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3485 | +0.086% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | +0.044% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3483 | +0.019% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3482 | +0.010% | $2.4M | $1.9M | 25x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.175% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0042% | 1h | 0.3482 | 0.000% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0047% | 8h | 0.3482 | +0.003% | — | $6.5M | — | as long as short |
| Bybit TRXUSDT | +0.0065% | 8h | 0.3481 | −0.020% | $53.5M | $12.8M | 75x | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Bybit TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0072% | 8h | 0.3479 | −0.092% | $968K | $771K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3481 | −0.022% | $9K | $171 | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3482 | −0.003% | $488K | $672K | 10x | |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | 0.000% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | +0.118% | $13.4M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | +0.003% | $107.0M | $65.3M | 75x | as long as short |
| OKX TRX-USDT-SWAPlong | +0.0100% | 8h | 0.3482 | long leg | $15.6M | $11.0M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | −0.003% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | 0.000% | $18.9M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3483 | +0.017% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3482 | −0.011% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | +0.001% | $577K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3484 | +0.048% | $594K | $503K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3485 | +0.078% | $116K | $616K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.052% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3482 | +0.014% | $405 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3482 | +0.003% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.031% | $204K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3480 | −0.063% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | +0.023% | $4.8M | $4.1M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0255% | 1h | 0.3485 | +0.089% | $819K | $744K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3483 | +0.020% | $20K | — | 100x | as long as short |
Aster TRXUSDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
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
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]