TRX

Alert

Funding spread now, next payment 14:00 UTC−0.0296%/8h

next payment, per $10,000−$0.37paid, last 24h−0.059%paid, last 5 days+0.070%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.070% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRX	0.3449	0.0100	pay 0.0013% / 1h	0m 43s	$13.3M	$2.2M	10x
Short	Backpack TRX_USDC_PERP	0.3445	−0.0196	pay 0.0025% / 1h	0m 43s	$60K	$4K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BackpackbpOrdersRate

Funding earned: −$62.19
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$81.19
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Backpack: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.099%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	0.58 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRX on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX TRX-USDT	−0.0365%	8h	$873K	$550K	75x	as long as short
Aster TRXUSDT	−0.0226%	8h	$1.1M	$356K	75x	as long as short
Backpack TRX_USDC_PERPshort	−0.0196%	1h	$60K	$4K	10x
Reya TRXRUSDPERP	−0.0133%	1h	$5	—	20x	as long as short
Phoenix TRX	−0.0116%	1h	$5K	$5K	10x	as long as short
SoDEX TRX-USD	−0.0054%	1h	$406	$5K	5x	as long as short
BingX TRX-USDC	−0.0034%	8h	—	$6.5M	—	as long as short
Extended TRX-USD	−0.0032%	1h	$194K	$1.1M	25x	as long as short
Gate TRX_USDT	−0.0031%	8h	$9.6M	$2.5M	75x	as long as short
MEXC TRX_USDT	−0.0029%	8h	$17.4M	$1.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TRXUSDT	−0.0029%	8h	$100.0M	$52.7M	75x	as long as short
OKX TRX-USDT-SWAP	−0.0014%	8h	$15.5M	$9.5M	50x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	$115K	—	150x	as long as short
Phemex TRXUSDT	+0.0003%	8h	$3.7M	$1.4M	50x	as long as short
Bybit TRXUSDT	+0.0027%	8h	$54.5M	$8.1M	75x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	$1K	$124K	12x	as long as short
Variational Omni TRX	+0.0037%	8h	$559K	$36K	—	as long as short
Orderly PERP_TRX_USDC	+0.0072%	8h	$15K	$201K	20x	as long as short
Aevo TRX-PERP	+0.0072%	1h	$33K	—	3x	as long as short
Paradex TRX-USD-PERP	+0.0081%	8h	$8K	$333	20x	as long as short
KuCoin TRXUSDTM	+0.0089%	8h	$8.2M	$3.3M	75x	as long as short
BloFin TRX-USDT	+0.0091%	8h	$4.0M	$3.9M	50x	as long as short
Lighter TRX	+0.0096%	1h	$517K	$505K	10x	as long as short
Hyperliquid TRXlong	+0.0100%	1h	$13.3M	$2.2M	10x
Bitget TRXUSDT	+0.0100%	8h	$9.4M	$2.1M	75x	as long as short
edgeX TRXUSDC	+0.0100%	4h	$588K	$486K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	$115K	$549K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	$196K	$1.0M	30x	as long as short
Kraken Futures PF_TRXUSD	+0.0269%	1h	$1.8M	$707K	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0289%	1h	$782K	$264K	25x	as long as short
dYdX TRX-USD	+0.0313%	1h	$187K	$3K	10x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0341% / S −0.0344%	1h	$18K	—	100x	as long as short