Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%
Price spread now: edgeX against Hyperliquid−0.110%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.110%, 7d avg −0.058%
=Together, before fees+0.229%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.052% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.058%.
| 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 | 24m 56s | $13.2M | $2.2M | 10x |
| Short | edgeX TRXUSDC | 0.3439 | 0.0100 | get 0.0050% / 4h | 2h 24m | $587K | $436K | 20x |
Hyperliquid TRX
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $0
- Price spread: −0.110% → −0.058%
- −$5.22
- Slippage, 4 orders
- −$4.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$27.87
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; edgeX: live order book, 63 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, 8 min ago | 0.14 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 63 min ago | 0.87 bp | 5.4 bp −$5 | 6.9 bp −$69 | 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 | 0.3441 | −0.069% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | −0.093% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3439 | −0.102% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | −0.116% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0053% | 1h | 0.3441 | −0.058% | $58K | $5K | 10x | as long as short |
| Aster TRXUSDT | −0.0049% | 8h | 0.3441 | −0.062% | $951K | $638K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.084% | $1K | $129K | 12x | as long as short |
| HTX TRX-USDT | −0.0029% | 8h | 0.3439 | −0.117% | $826K | $709K | 75x | as long as short |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3441 | −0.044% | $17.9M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | −0.0002% | 8h | 0.3441 | −0.053% | $99.3M | $49.0M | 75x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | −0.070% | $483K | $628K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.075% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.019% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3440 | −0.073% | $15.6M | $8.8M | 50x | as long as short |
| SoDEX TRX-USD | +0.0017% | 1h | 0.3441 | −0.058% | $405 | $5K | 5x | as long as short |
| KuCoin TRXUSDTM | +0.0018% | 8h | 0.3440 | −0.081% | $8.7M | $3.6M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3441 | −0.061% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDC | +0.0069% | 8h | 0.3441 | −0.070% | — | $6.5M | — | as long as short |
| Bitget TRXUSDT | +0.0070% | 8h | 0.3441 | −0.049% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3441 | −0.055% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.103% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.005% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | −0.061% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3443 | long leg | $13.2M | $2.2M | 10x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | −0.058% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3439 | −0.110% | $587K | $436K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.090% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.012% | $196K | $917K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3441 | −0.061% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0166% | 1h | 0.3441 | −0.058% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0296% | 1h | 0.3445 | +0.055% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.030% | $20K | — | 100x | as long as short |
Lighter TRX
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
SoDEX TRX-USD
KuCoin TRXUSDTM
Paradex TRX-USD-PERP
BingX TRX-USDC
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Gate TRX_USDT
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]