Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.031%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2822.823% of the position
Funding, last 3 days (all we have)+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.031%, 7d avg +0.014%
=Together, before fees+0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3455 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 20m 03s | $122K | — | 150x |
| Short | Hyperliquid TRX | 0.3456 | 0.0100 | get 0.0013% / 1h | 20m 03s | $13.2M | $2.3M | 10x |
gTrade (Gains Network) TRX/USD
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against gTrade (Gains Network). 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
- $20.35
- Price spread: +0.031% → +0.014%
- $1.72
- Slippage, 4 orders
- −$263.28
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$260.21
- Costs to cover
- 2.823%
- Break-even
- 96.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 54 min ago; Hyperliquid: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 54 min ago | 130.02 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Hyperliquid live order book, 3 min ago | 0.14 bp | 5.8 bp −$6 | 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 | 0.3454 | −0.032% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3454 | −0.030% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | +0.034% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.031% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3455 | long leg | $122K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.414% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0045% | 1h | 0.3454 | −0.032% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0050% | 8h | 0.3454 | −0.040% | $565K | $36K | — | as long as short |
| MEXC TRX_USDT | +0.0075% | 8h | 0.3454 | −0.027% | $18.4M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0077% | 8h | 0.3454 | −0.024% | $100.7M | $48.1M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0078% | 8h | 0.3453 | −0.074% | $830K | $754K | 75x | as long as short |
| Extended TRX-USD | +0.0080% | 1h | 0.3453 | −0.059% | $194K | $1.1M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0086% | 8h | 0.3455 | −0.018% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3455 | −0.023% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | −0.024% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.024% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3452 | −0.085% | $33K | — | 3x | as long as short |
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3456 | +0.031% | $13.2M | $2.3M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3455 | −0.008% | $956K | $664K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | −0.018% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | −0.009% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3454 | −0.030% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3455 | −0.015% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3456 | +0.016% | $590K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3457 | +0.060% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | −0.092% | $196K | $956K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | −0.009% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.006% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.053% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0195% | 8h | 0.3455 | −0.015% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0572% | 1h | 0.3459 | +0.095% | $846K | $421K | 25x | as long as short |
HTX TRX-USDT
Extended TRX-USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
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