Funding spread now, next payment 13:00 UTC+0.0216%/8h
next payment, per $10,000+$0.27paid, last 24h+0.055%paid, last 5 days−0.049%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 -0.049% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | Phoenix TRX | 0.3441 | −0.0116 | get 0.0015% / 1h | 40m 06s | $5K | $5K | 10x |
| Short | Hyperliquid TRX | 0.3442 | 0.0100 | get 0.0013% / 1h | 40m 06s | $13.3M | $2.5M | 10x |
Phoenix TRX
Hyperliquid TRXFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $45.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $29.39
- Break-even
- 2.5 days
Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.038%
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 0.29 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0392% | 8h | $871K | $656K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0250% | 1h | $60K | $6K | 10x | as long as short |
| Aster TRXUSDT | −0.0163% | 8h | $1.1M | $308K | 75x | as long as short |
| SoDEX TRX-USD | −0.0146% | 1h | $406 | $5K | 5x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Phoenix TRXlong | −0.0116% | 1h | $5K | $5K | 10x | |
| Extended TRX-USD | −0.0040% | 1h | $192K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | −0.0037% | 8h | $99.7M | $57.0M | 75x | as long as short |
| Gate TRX_USDT | −0.0035% | 8h | $9.6M | $2.4M | 75x | as long as short |
| MEXC TRX_USDT | −0.0035% | 8h | $17.5M | $1.9M | 200x | as long as short |
HTX TRX-USDT
Backpack TRX_USDC_PERP
Aster TRXUSDT
SoDEX TRX-USD
Reya TRXRUSDPERP
Extended TRX-USD
Binance TRXUSDT
Gate TRX_USDT
MEXC TRX_USDT
BingX TRX-USDC
OKX TRX-USDT-SWAP
Phemex TRXUSDT
gTrade (Gains Network) TRX/USD
Bybit TRXUSDT
Variational Omni TRX
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
BloFin TRX-USDT
Lighter TRX
Bitget TRXUSDT
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
Kraken Futures PF_TRXUSD
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]