Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.001%
Price spread now: BloFin against Hyperliquid−0.092%47s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.092%, 7d avg −0.037%
=Together, before fees+0.226%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$4 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3490 | 0.0100 | pay 0.0013% / 1h | 0m 16s | $13.2M | $2.7M | 10x |
| Short | BloFin TRX-USDT | 0.3487 | 0.0220 | get 0.0220% / 8h | 3h 00m | $4.7M | $3.9M | 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
- $25.2
- Price spread: −0.092% → −0.037%
- −$5.44
- Slippage, 4 orders
- −$4.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.9
- Costs to cover
- 0.257%
- Break-even
- 8.6 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 | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.29 bp | 7.7 bp −$8 | 10.6 bp −$106 | 21.3 bp −$2,131 | 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 | 0.3487 | −0.099% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3488 | −0.072% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | −0.110% | $183K | $9K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | −0.082% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.410% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0070% | 8h | 0.3485 | −0.152% | $825K | $869K | 75x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3487 | −0.083% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | −0.106% | $486K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3487 | −0.100% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3487 | −0.101% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
HTX TRX-USDT
BingX TRX-USDC
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3490 | long leg | $13.2M | $2.7M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3487 | −0.096% | $965K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3487 | −0.083% | $106.4M | $61.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3486 | −0.117% | $54.0M | $11.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3488 | −0.069% | $15.6M | $10.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3488 | −0.077% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | −0.083% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3487 | −0.086% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | −0.072% | $10.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3485 | −0.138% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.152% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | −0.107% | $595K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | −0.117% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.143% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3487 | −0.083% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3488 | −0.072% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3486 | −0.110% | $194K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | −0.131% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3487 | −0.088% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3487 | −0.092% | $4.7M | $3.9M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0491% | 1h | 0.3487 | −0.079% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0536% | 1h | 0.3491 | +0.015% | $853K | $558K | 25x | as long as short |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL