Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.018%
Price spread now: Hyperliquid against OKX+0.040%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.040%, 7d avg +0.018%
=Together, before fees−0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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: Hyperliquid is 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRX-USDT-SWAP | 0.3462 | 0.0098 | pay 0.0098% / 8h | 7h 10m | $15.5M | $8.5M | 50x |
| Short | Hyperliquid TRX | 0.3463 | 0.0100 | get 0.0013% / 1h | 10m 32s | $13.2M | $2.3M | 10x |
OKX TRX-USDT-SWAP
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $0.47
- Price spread: +0.040% → +0.018%
- $2.22
- Slippage, 4 orders
- −$7.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$23.96
- Costs to cover
- 0.266%
- Break-even
- 364.7 days
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 2 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 OKX live order book, 3 min ago | 0.14 bp | 6.5 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.14 bp | 5.3 bp −$5 | doesn't fit | 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 | 0.3461 | −0.023% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0080% | 8h | 0.3463 | +0.023% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3461 | −0.026% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.012% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3463 | +0.039% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.607% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3462 | −0.014% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0066% | 8h | 0.3462 | −0.002% | $565K | $37K | — | as long as short |
| MEXC TRX_USDT | +0.0087% | 8h | 0.3462 | −0.006% | $18.6M | $1.9M | 200x | as long as short |
| Extended TRX-USD | +0.0088% | 1h | 0.3462 | +0.006% | $194K | $1.0M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0088% | 8h | 0.3462 | −0.003% | $101.1M | $48.8M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3462 | −0.009% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3462 | +0.004% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3462 | +0.006% | $484K | $632K | 10x | as long as short |
| HTX TRX-USDT | +0.0096% | 8h | 0.3461 | −0.037% | $831K | $774K | 75x | as long as short |
| OKX TRX-USDT-SWAPlong | +0.0098% | 8h | 0.3462 | long leg | $15.5M | $8.5M | 50x | |
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3463 | +0.040% | $13.2M | $2.3M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3463 | +0.023% | $958K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3462 | 0.000% | $55.2M | $8.4M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | +0.029% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3463 | +0.040% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.006% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3457 | −0.149% | $590K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3458 | −0.124% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3459 | −0.097% | $197K | $967K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | 0.000% | $408 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3463 | +0.026% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.060% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3464 | +0.071% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0207% | 8h | 0.3461 | −0.043% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0368% / S −0.0395% | 1h | 0.3463 | +0.021% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0495% | 1h | 0.3466 | +0.101% | $844K | $424K | 25x | as long as short |
Binance TRXUSDT
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRX
HTX TRX-USDT
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL