Funding you earn now, next payment 23:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.039%
Price spread now: MEXC against Hyperliquid−0.055%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.055%, 7d avg −0.014%
=Together, before fees+0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.042% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3443 | 0.0100 | pay 0.0013% / 1h | 0m 03s | $13.2M | $2.2M | 10x |
| Short | MEXC TRX_USDT | 0.3441 | 0.0017 | get 0.0017% / 8h | 1h 00m | $18.1M | $1.7M | 200x |
Hyperliquid TRX
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$17.43
- Price spread: −0.055% → −0.014%
- −$4.17
- Slippage, 4 orders
- −$2.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$36.69
- Costs to cover
- 0.151%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: 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 Hyperliquid live order book, 3 min ago | 0.14 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.14 bp | 2.1 bp −$2 | 3.9 bp −$39 | 25.1 bp −$2,512 | 40.7 bp −$20.4K |
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 | −0.079% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.061% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0083% | 8h | 0.3441 | −0.073% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.046% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0064% | 8h | 0.3439 | −0.118% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0048% | 8h | 0.3441 | −0.061% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0025% | 8h | 0.3439 | −0.113% | $826K | $722K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0009% | 1h | 0.3440 | −0.078% | $58K | $4K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.018% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3441 | −0.067% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
dYdX TRX-USD
OKX TRX-USDT-SWAPShow 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 | −0.018% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.070% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.085% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDTshort | +0.0017% | 8h | 0.3441 | −0.055% | $18.1M | $1.7M | 200x | |
| Binance TRXUSDT | +0.0019% | 8h | 0.3441 | −0.054% | $99.3M | $48.2M | 75x | as long as short |
| Aster TRXUSDT | +0.0023% | 8h | 0.3441 | −0.058% | $955K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | −0.021% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0027% | 1h | 0.3441 | −0.061% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3441 | −0.070% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0070% | 8h | 0.3441 | −0.076% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3441 | −0.058% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3441 | −0.055% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.106% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.064% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3443 | long leg | $13.2M | $2.2M | 10x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3441 | −0.049% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | −0.076% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.088% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.093% | $115K | $554K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | −0.001% | $196K | $920K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0319% | 1h | 0.3445 | +0.045% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.032% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
Aster 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-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]