Funding you earn now, next payment 10:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.002%
Price spread now: dYdX against Hyperliquid−0.135%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 7 days+0.378%+$38 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.135%, 7d avg −0.018%
=Together, before fees+0.496%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and dYdX is 0.117% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.378%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3496 | 0.0453 | pay 0.0057% / 1h | 20m 21s | $14.2M | $2.6M | 10x |
| Short | dYdX TRX-USD | 0.3491 | 0 | get 0.0000% / 1h | 20m 21s | $183K | $10K | 10x |
Hyperliquid TRX
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$95.22
- Price spread: −0.135% → −0.018%
- −$11.67
- Slippage, 4 orders
- −$87.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$213.88
- Costs to cover
- 1.070%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; dYdX: live order book, 31 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, 5 min ago | 0.14 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 31 min ago | 41.95 bp | 46.9 bp −$47 | 82.8 bp −$828 | 127.9 bp −$12.8K | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0206% | 8h | 0.3485 | −0.324% | $969K | $924K | 75x | as long as short |
| HTX TRX-USDT | −0.0203% | 8h | 0.3489 | −0.200% | $835K | $947K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3491 | −0.154% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3492 | −0.104% | $5K | $14K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0012% | 1h | 0.3491 | −0.158% | $63K | $5K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3491 | −0.135% | $183K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3492 | −0.116% | $126K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.574% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3491 | −0.132% | — | $32.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3491 | −0.135% | $484K | $669K | 10x | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
Backpack TRX_USDC_PERP
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRXShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3491 | −0.151% | $9K | $52 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3491 | −0.146% | $14K | $71K | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3491 | −0.133% | $107.5M | $64.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3492 | −0.115% | $53.7M | $13.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3492 | −0.115% | $15.5M | $11.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3492 | −0.129% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3492 | −0.118% | $18.9M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3491 | −0.132% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3491 | −0.149% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3491 | −0.150% | $578K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3487 | −0.263% | $595K | $509K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3487 | −0.264% | $117K | $618K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3489 | −0.189% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3491 | −0.135% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3491 | −0.135% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3490 | −0.163% | $213K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3490 | −0.184% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | −0.175% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0256% | 1h | 0.3492 | −0.110% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3492 | −0.126% | $20K | — | 100x | as long as short |
| Hyperliquid TRXlong | +0.0453% | 1h | 0.3496 | long leg | $14.2M | $2.6M | 10x | |
| Deribit TRX_USDC-PERPETUAL | +0.0643% | 1h | 0.3495 | −0.023% | $807K | $740K | 25x | as long as short |
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL