Funding spread now, next payment 18:00 UTC−0.0193%/8h
next payment, per $10,000−$0.24paid, last 24h−0.057%paid, last 5 days+0.042%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 0.042% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | 0.3440 | 0.0100 | pay 0.0013% / 1h | 55m 53s | $13.2M | $2.2M | 10x |
| Short | Phoenix TRX | 0.3442 | −0.0093 | pay 0.0012% / 1h | 55m 53s | $5K | $13K | 10x |
Hyperliquid TRX
Phoenix TRXFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- −$40.53
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$56.53
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Phoenix: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- +0.041%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0280% | 1h | $60K | $4K | 10x | as long as short |
| Bybit TRXUSDT | −0.0179% | 8h | $54.5M | $7.6M | 75x | as long as short |
| BingX TRX-USDC | −0.0179% | 8h | — | $6.5M | — | as long as short |
| Aster TRXUSDT | −0.0135% | 8h | $912K | $585K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | $5 | — | 20x | as long as short |
| SoDEX TRX-USD | −0.0132% | 1h | $401 | $5K | 5x | as long as short |
| HTX TRX-USDT | −0.0111% | 8h | $827K | $649K | 75x | as long as short |
| Lighter TRX | −0.0104% | 1h | $477K | $603K | 10x | as long as short |
| Phoenix TRXshort | −0.0093% | 1h | $5K | $13K | 10x | |
| Phemex TRXUSDT | −0.0047% | 8h | $3.7M | $1.5M | 50x | as long as short |
Backpack TRX_USDC_PERP
Bybit TRXUSDT
BingX TRX-USDC
Aster TRXUSDT
Reya TRXRUSDPERP
SoDEX TRX-USD
HTX TRX-USDT
Lighter TRX
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Injective TRX/USDC PERP
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
BloFin TRX-USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]