Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: Hyperliquid against dYdX+0.083%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1541.539% of the position
Funding, last 7 days−0.435%−$44 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.083%, 7d avg +0.012%
=Together, before fees−0.508%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.071% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.435%, 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 | dYdX TRX-USD | 0.3449 | 0 | get 0.0000% / 1h | 44m 03s | $181K | $10K | 10x |
| Short | Hyperliquid TRX | 0.3452 | 0.0100 | get 0.0013% / 1h | 44m 03s | $13.2M | $2.2M | 10x |
dYdX TRX-USD
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $21
- Price spread: +0.083% → +0.012%
- $7.11
- Slippage, 4 orders
- −$134.88
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$125.77
- Costs to cover
- 1.539%
- Break-even
- 48.9 days
Slippage from dYdX: live order book, 30 min ago; Hyperliquid: live order book, 9 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 dYdX live order book, 30 min ago | 64.67 bp | 72.0 bp −$72 | 72.2 bp −$722 | 75.6 bp −$7,564 | 390.5 bp −$195.3K |
| Sell Hyperliquid live order book, 9 min ago | 0.14 bp | 5.3 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 | 0.3448 | −0.030% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3449 | +0.004% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3449 | +0.016% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3449 | long leg | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3449 | +0.020% | $121K | — | 150x | as long as short |
| Variational Omni TRX | +0.0009% | 8h | 0.3447 | −0.049% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.222% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0034% | 1h | 0.3449 | +0.013% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0049% | 8h | 0.3450 | +0.051% | $15.6M | $8.5M | 50x | as long as short |
| MEXC TRX_USDT | +0.0053% | 8h | 0.3450 | +0.028% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0056% | 8h | 0.3450 | +0.036% | $100.0M | $47.7M | 75x | as long as short |
| Extended TRX-USD | +0.0056% | 1h | 0.3448 | −0.006% | $194K | $1.2M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0083% | 8h | 0.3448 | −0.014% | $9K | $385 | 20x | as long as short |
| HTX TRX-USDT | +0.0086% | 8h | 0.3448 | −0.027% | $828K | $736K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3448 | −0.013% | $14K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3449 | +0.022% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3447 | −0.052% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0099% | 8h | 0.3449 | +0.022% | $9.6M | $2.4M | 75x | as long as short |
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3452 | +0.083% | $13.2M | $2.2M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3450 | +0.035% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3449 | +0.010% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3449 | +0.007% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3449 | +0.019% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3446 | −0.073% | $589K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3448 | −0.016% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3448 | −0.009% | $196K | $937K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | +0.031% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3450 | +0.033% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3451 | +0.074% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0174% | 8h | 0.3448 | −0.033% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3449 | +0.010% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0538% | 1h | 0.3453 | +0.130% | $834K | $417K | 25x | as long as short |
Binance TRXUSDT
Extended TRX-USD
Paradex TRX-USD-PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Gate TRX_USDT
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL