Funding you earn now, next payment 23:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.080%
Price spread now: HTX against Hyperliquid−0.083%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.315% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.083%, 7d avg −0.077%
=Together, before fees−0.296%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$4 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 | 0.3442 | 0.0100 | pay 0.0013% / 1h | 17m 07s | $13.2M | $2.2M | 10x |
| Short | HTX TRX-USDT | 0.3439 | −0.0017 | pay 0.0017% / 8h | 1h 17m | $825K | $719K | 75x |
Hyperliquid TRX
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$24.55
- Price spread: −0.083% → −0.077%
- −$0.54
- Slippage, 4 orders
- −$10.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$56.58
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; HTX: live order book, 1 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, 6 min ago | 0.14 bp | 5.3 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 4.30 bp | 10.3 bp −$10 | 17.3 bp −$173 | 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 | 0.3440 | −0.080% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.038% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0073% | 8h | 0.3440 | −0.065% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.003% | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0060% | 8h | 0.3439 | −0.090% | $8.7M | $3.6M | 75x | as long as short |
| Bybit TRXUSDT | −0.0052% | 8h | 0.3440 | −0.067% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0030% | 1h | 0.3440 | −0.058% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDTshort | −0.0017% | 8h | 0.3439 | −0.083% | $825K | $719K | 75x | |
| OKX TRX-USDT-SWAP | 0.0000% | 8h | 0.3440 | −0.067% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.003% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
KuCoin TRXUSDTM
Bybit TRXUSDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.010% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0012% | 8h | 0.3440 | −0.053% | $956K | $658K | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3440 | −0.070% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.086% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0018% | 8h | 0.3440 | −0.064% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0019% | 8h | 0.3440 | −0.055% | $99.3M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | −0.015% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0042% | 1h | 0.3440 | −0.064% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3440 | −0.063% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0075% | 8h | 0.3440 | −0.064% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3441 | −0.046% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3440 | −0.076% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.111% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.049% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3442 | long leg | $13.2M | $2.2M | 10x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | −0.058% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | −0.058% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.037% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.017% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | −0.019% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0407% | 1h | 0.3444 | +0.058% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL