Spread before costs (cost unknown: a leg has no order-book sample)+0.012%
7d average+0.005%if it closes, per $10,000$1funding while held, a day+$0.47
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3453 | 0.0080 | pay 0.0080% / 8h | 5m 09s | $15K | $149K | 20x |
| Short | Lighter TRX | 0.3453 | 0.0096 | get 0.0012% / 1h | 5m 09s | $452K | $587K | 10x |
Orderly PERP_TRX_USDC
Lighter TRXPrice 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
- $1.16
- Funding while held
- $0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.37
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0016%
- Per $10,000 a day
- +$0.47
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 37 min ago | 0.43 bp | 4.4 bp −$4 | 12.7 bp −$127 | 49.4 bp −$4,941 | doesn't fit |
Orderly: 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.Injective0.3428cheapestAevo0.3451+0.670%SunX0.3451+0.675%Variational Omni0.3451+0.681%Bitget0.3452+0.697%Bybit0.3452+0.700%Extended0.3452+0.702%Reya0.3452+0.702%HTX0.3452+0.703%Paradex0.3452+0.708%Backpack0.3452+0.709%BingX0.3453+0.715%Phemex0.3453+0.721%SoDEX0.3453+0.723%MEXC0.3453+0.726%Binance0.3453+0.727%Gate0.3453+0.729%
Injective
Aevo
SunX
Variational Omni
Bitget
Bybit
Extended
Reya
HTX
Paradex
Backpack
BingX
Phemex
SoDEX
MEXC
Binance
GateOrderly0.3453+0.732%
BloFin0.3453+0.732%OKX0.3453+0.735%
BloFin
OKXLighter0.3453+0.744%
edgeX0.3454+0.751%GMX0.3454+0.752%Aster0.3454+0.761%gTrade (Gains Network)0.3454+0.770%KuCoin0.3454+0.773%Hyperliquid0.3455+0.779%dYdX0.3455+0.787%ApeX Omni0.3455+0.788%Phoenix0.3456+0.805%Kraken Futures0.3456+0.806%Deribit0.3457+0.833%
GMX
Aster
gTrade (Gains Network)
KuCoin
Hyperliquid
dYdX
ApeX Omni
Phoenix
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 | −0.727% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| Aevo TRX-PERP | −0.062% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.057% | +0.0100% | 8h | $196K | $830K | 30x | as long as short |
| Variational Omni TRX | −0.051% | +0.0083% | 8h | $560K | $35K | — | as long as short |
| Bitget TRXUSDT | −0.035% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| Bybit TRXUSDT | −0.032% | +0.0048% | 8h | $54.7M | $8.0M | 75x | as long as short |
| Extended TRX-USD | −0.030% | +0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.030% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.029% | −0.0270% | 8h | $837K | $623K | 75x | as long as short |
| Paradex TRX-USD-PERP | −0.024% | +0.0091% | 8h | $8K | $333 | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.023% | −0.0104% | 1h | $60K | $4K | 10x | as long as short |
| BingX TRX-USDC | −0.017% | +0.0003% | 8h | — | $6.5M | — | as long as short |
| Phemex TRXUSDT | −0.012% | +0.0047% | 8h | $3.7M | $1.5M | 50x | as long as short |
| SoDEX TRX-USD | −0.009% | +0.0070% | 1h | $409 | $5K | 5x | as long as short |
| MEXC TRX_USDT | −0.006% | +0.0008% | 8h | $17.5M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | −0.005% | +0.0009% | 8h | $101.1M | $51.1M | 75x | as long as short |
| Gate TRX_USDT | −0.003% | +0.0046% | 8h | $9.7M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDClong | 0.000% | +0.0080% | 8h | $15K | $149K | 20x | |
| BloFin TRX-USDT | 0.000% | +0.0036% | 8h | $4.7M | $3.9M | 50x | as long as short |
| OKX TRX-USDT-SWAP | +0.003% | +0.0025% | 8h | $15.7M | $8.9M | 50x | as long as short |
| Lighter TRXshort | +0.012% | +0.0096% | 1h | $452K | $587K | 10x | |
| edgeX TRXUSDC | +0.019% | +0.0100% | 4h | $589K | $450K | 20x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.020% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Aster TRXUSDT | +0.029% | −0.0162% | 8h | $929K | $554K | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.037% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.041% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Hyperliquid TRX | +0.046% | +0.0100% | 1h | $13.2M | $2.2M | 10x | as long as short |
| dYdX TRX-USD | +0.054% | +0.0068% | 1h | $187K | $3K | 10x | as long as short |
| ApeX Omni TRXUSDT | +0.055% | +0.0100% | 1h | $115K | $549K | 50x | as long as short |
| Phoenix TRX | +0.072% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.073% | +0.0426% | 1h | $1.9M | $923K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.100% | +0.0367% | 1h | $791K | $397K | 25x | as long as short |