Funding you earn now, next payment 22:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against BingX+0.076%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now +0.076%, 7d avg +0.023%
=Together, before fees−0.139%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.053% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3441 | 0.0071 | pay 0.0071% / 8h | 2h 18m | — | $40.0M | — |
| Short | Hyperliquid TRX | 0.3443 | 0.0100 | get 0.0013% / 1h | 18m 34s | $13.2M | $2.2M | 10x |
BingX TRX-USDT
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $6.09
- Price spread: +0.076% → +0.023%
- $5.3
- Slippage, 4 orders
- −$3.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$10.76
- Costs to cover
- 0.221%
- Break-even
- 19.4 days
Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 4 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 BingX live order book, 5 min ago | 0.29 bp | 5.9 bp −$6 | 7.0 bp −$70 | 15.7 bp −$1,566 | 33.2 bp −$16.6K |
| Sell Hyperliquid live order book, 4 min ago | 0.14 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | 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 | 0.3441 | +0.005% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | −0.015% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.035% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.041% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0061% | 1h | 0.3441 | +0.009% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.015% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0043% | 8h | 0.3441 | +0.002% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0027% | 8h | 0.3440 | −0.022% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3441 | +0.015% | $99.3M | $49.0M | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3441 | +0.012% | $482K | $639K | 10x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.002% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | +0.015% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.062% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0006% | 8h | 0.3441 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.0013% | 8h | 0.3440 | −0.003% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0029% | 1h | 0.3441 | +0.012% | $401 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0052% | 8h | 0.3441 | +0.008% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDTlong | +0.0071% | 8h | 0.3441 | long leg | — | $40.0M | — | |
| Phemex TRXUSDT | +0.0072% | 8h | 0.3441 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDT | +0.0074% | 8h | 0.3441 | +0.020% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.036% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.064% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.009% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3443 | +0.076% | $13.2M | $2.2M | 10x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | 0.000% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.008% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.003% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.095% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3441 | +0.017% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0138% | 1h | 0.3443 | +0.063% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0302% | 1h | 0.3445 | +0.133% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.043% | $20K | — | 100x | as long as short |
Extended TRX-USD
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]