After costs, if the gap returns to its 7d average, $10k−$21
spread now−0.006%7d average−0.008%fees + slippage, in and out−$22spread needed0.216%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3438 | −0.0002 | get 0.0002% / 8h | 5h 25m | $3.7M | $1.5M | 50x |
| Short | Lighter TRX | 0.3438 | −0.0024 | pay 0.0003% / 1h | 25m 34s | $485K | $614K | 10x |
Phemex TRXUSDT
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
- −$0.58
- Funding while held
- −$0.67
- Slippage, 4 orders
- −$9.58
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.83
- Spread needed to break even
- 0.216%
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.67
- 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 Phemex live order book, 5 min ago | 0.14 bp | 7.5 bp −$8 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 1.02 bp | 3.3 bp −$3 | 7.2 bp −$72 | 39.7 bp −$3,970 | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.HTX0.3437cheapestAevo0.3437+0.003%Extended0.3438+0.023%Bybit0.3438+0.029%Reya0.3438+0.030%
HTX
Aevo
Extended
Bybit
ReyaLighter0.3438+0.032%
Paradex0.3438+0.033%Bitget0.3438+0.035%Backpack0.3438+0.035%
Paradex
Bitget
BackpackPhemex0.3438+0.038%
Binance0.3438+0.041%OKX0.3438+0.041%BingX0.3438+0.041%SoDEX0.3438+0.041%MEXC0.3438+0.044%KuCoin0.3438+0.044%Variational Omni0.3439+0.048%Gate0.3439+0.050%Injective0.3439+0.058%Aster0.3439+0.063%Orderly0.3439+0.064%BloFin0.3439+0.064%edgeX0.3440+0.079%GMX0.3440+0.081%dYdX0.3440+0.096%Phoenix0.3440+0.099%SunX0.3441+0.106%gTrade (Gains Network)0.3441+0.109%Hyperliquid0.3441+0.114%Kraken Futures0.3441+0.122%ApeX Omni0.3441+0.128%Deribit0.3442+0.159%
Binance
OKX
BingX
SoDEX
MEXC
KuCoin
Variational Omni
Gate
Injective
Aster
Orderly
BloFin
GMX
dYdX
Phoenix
SunX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
ApeX Omni
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.038% | −0.0074% | 8h | $828K | $653K | 75x | as long as short |
| Aevo TRX-PERP | −0.035% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Extended TRX-USD | −0.015% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Bybit TRXUSDT | −0.009% | −0.0169% | 8h | $54.6M | $7.6M | 75x | as long as short |
| Reya TRXRUSDPERP | −0.008% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Lighter TRXshort | −0.006% | −0.0024% | 1h | $485K | $614K | 10x | |
| Paradex TRX-USD-PERP | −0.005% | +0.0008% | 8h | $8K | $333 | 20x | as long as short |
| Bitget TRXUSDT | −0.003% | +0.0095% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.003% | −0.0270% | 1h | $60K | $4K | 10x | as long as short |
| Phemex TRXUSDTlong | 0.000% | −0.0002% | 8h | $3.7M | $1.5M | 50x |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.003% | −0.0023% | 8h | $99.1M | $50.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.003% | +0.0004% | 8h | $15.5M | $8.7M | 50x | as long as short |
| BingX TRX-USDT | +0.003% | −0.0178% | 8h | — | $38.2M | — | as long as short |
| SoDEX TRX-USD | +0.003% | −0.0081% | 1h | $401 | $5K | 5x | as long as short |
| MEXC TRX_USDT | +0.006% | −0.0023% | 8h | $17.0M | $1.7M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.006% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.010% | −0.0047% | 8h | $558K | $34K | — | as long as short |
| Gate TRX_USDT | +0.012% | +0.0048% | 8h | $9.6M | $2.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.020% | +0.0033% | 1h | $1K | $71K | 12x | as long as short |
| Aster TRXUSDT | +0.025% | −0.0118% | 8h | $912K | $586K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.026% | +0.0083% | 8h | $14K | $108K | 20x | as long as short |
| BloFin TRX-USDT | +0.026% | +0.0096% | 8h | $4.6M | $3.9M | 50x | as long as short |
| edgeX TRXUSDC | +0.041% | +0.0100% | 4h | $586K | $445K | 20x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.043% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.058% | +0.0059% | 1h | $186K | $3K | 10x | as long as short |
| Phoenix TRX | +0.061% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| SunX TRX-USDT | +0.067% | +0.0100% | 8h | $196K | $891K | 30x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.070% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Hyperliquid TRX | +0.076% | +0.0100% | 1h | $13.2M | $2.1M | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.084% | −0.0044% | 1h | $1.8M | $883K | 25x | as long as short |
| ApeX Omni TRXUSDT | +0.090% | +0.0100% | 1h | $115K | $532K | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.121% | +0.0305% | 1h | $829K | $378K | 25x | as long as short |