Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.013%
Price spread now: BloFin against Hyperliquid−0.038%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.038%, 7d avg −0.037%
=Together, before fees+0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3440 | 0.0100 | pay 0.0013% / 1h | 40m 27s | $13.2M | $2.2M | 10x |
| Short | BloFin TRX-USDT | 0.3439 | 0.0119 | get 0.0119% / 8h | 2h 40m | $4.6M | $4.0M | 50x |
Hyperliquid TRX
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. 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
- $3.94
- Price spread: −0.038% → −0.037%
- −$0.07
- Slippage, 4 orders
- −$4.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.88
- Costs to cover
- 0.257%
- Break-even
- 45.9 days
Slippage from Hyperliquid: live order book, 2 min ago; BloFin: 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 Hyperliquid live order book, 2 min ago | 0.29 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.29 bp | 6.3 bp −$6 | 8.1 bp −$81 | 17.8 bp −$1,778 | 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 | 0.3438 | −0.070% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0093% | 8h | 0.3438 | −0.073% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3438 | −0.081% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.020% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.029% | $951K | $633K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.038% | $1K | $100K | 12x | as long as short |
| Backpack TRX_USDC_PERP | −0.0035% | 1h | 0.3439 | −0.049% | $58K | $7K | 10x | as long as short |
| HTX TRX-USDT | −0.0033% | 8h | 0.3438 | −0.065% | $825K | $706K | 75x | as long as short |
| SoDEX TRX-USD | −0.0016% | 1h | 0.3438 | −0.061% | $402 | $5K | 5x | as long as short |
| Binance TRXUSDT | −0.0001% | 8h | 0.3438 | −0.056% | $99.3M | $49.2M | 75x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
SoDEX TRX-USD
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | −0.0001% | 8h | 0.3439 | −0.049% | $17.2M | $1.6M | 200x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3438 | −0.064% | $483K | $628K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3438 | −0.076% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3440 | 0.000% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3438 | −0.064% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0041% | 8h | 0.3438 | −0.056% | $9K | $385 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0047% | 8h | 0.3437 | −0.087% | $8.7M | $3.6M | 75x | as long as short |
| BingX TRX-USDT | +0.0066% | 8h | 0.3438 | −0.052% | — | $38.2M | — | as long as short |
| Bitget TRXUSDT | +0.0067% | 8h | 0.3438 | −0.064% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3438 | −0.052% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3437 | −0.096% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0087% | 8h | 0.3439 | −0.032% | $14K | $108K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3441 | +0.007% | $1.9M | $978K | 25x | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3440 | long leg | $13.2M | $2.2M | 10x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | −0.049% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.019% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.009% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.022% | $196K | $914K | 30x | as long as short |
| BloFin TRX-USDTshort | +0.0119% | 8h | 0.3439 | −0.038% | $4.6M | $4.0M | 50x | |
| dYdX TRX-USD | +0.0128% | 1h | 0.3441 | +0.011% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0267% | 1h | 0.3443 | +0.070% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3440 | −0.010% | $19K | — | 100x | as long as short |
MEXC TRX_USDT
Lighter TRX
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
KuCoin TRXUSDTM
BingX TRX-USDT
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]