Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.021%
Price spread now: Lighter against Variational Omni−0.012%7-day average +0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.012%, 7d avg +0.052%
=Together, before fees+0.166%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.064% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.052%). If the spread goes back, that is −$6 on $10k: about 7.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.107% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRX | 0.3462 | 0.0066 | pay 0.0066% / 8h | 7h 07m | $565K | $37K | — |
| Short | Lighter TRX | 0.3462 | 0.0096 | get 0.0012% / 1h | 7m 21s | $484K | $632K | 10x |
Variational Omni TRX
Lighter TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $6.39
- Price spread: −0.012% → +0.052%
- −$6.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$0.05
- Costs to cover
- 0.000%
- Break-even
- 7.1 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter: live order book, 62 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 2 min ago | 5.78 bp | doesn't fit | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 62 min ago | 0.87 bp | 3.2 bp −$3 | 7.5 bp −$75 | 42.5 bp −$4,248 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3462 | −0.010% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0076% | 8h | 0.3462 | +0.005% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3462 | −0.001% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.014% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.011% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0032% | 1h | 0.3461 | −0.035% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.605% | $1K | $163K | 12x | as long as short |
| Variational Omni TRXlong | +0.0066% | 8h | 0.3462 | long leg | $565K | $37K | — | |
| Extended TRX-USD | +0.0088% | 1h | 0.3461 | −0.019% | $196K | $1.0M | 25x | as long as short |
| MEXC TRX_USDT | +0.0089% | 8h | 0.3462 | +0.002% | $18.6M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0090% | 8h | 0.3462 | +0.004% | $101.4M | $48.8M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | −0.027% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0093% | 8h | 0.3462 | −0.011% | $9K | $251 | 20x | as long as short |
| Lighter TRXshort | +0.0096% | 1h | 0.3462 | −0.012% | $484K | $632K | 10x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3464 | +0.054% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3462 | −0.005% | $956K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3462 | +0.014% | $55.0M | $8.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | +0.011% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | −0.001% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3463 | +0.034% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.001% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3460 | −0.051% | $590K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3460 | −0.059% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3459 | −0.096% | $197K | $974K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.002% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3460 | −0.043% | $831K | $777K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3462 | −0.001% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.059% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3464 | +0.059% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0210% | 8h | 0.3460 | −0.044% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3462 | −0.003% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0521% | 1h | 0.3465 | +0.096% | $844K | $425K | 25x | as long as short |
Binance TRXUSDT
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL