Funding you earn now, next payment 22:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against BingX+0.079%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.079%, 7d avg +0.023%
=Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.056% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment. 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 | BingX TRX-USDC | 0.3439 | −0.0095 | get 0.0095% / 8h | 2h 44m | — | $6.5M | — |
| Short | Hyperliquid TRX | 0.3442 | 0.0100 | get 0.0013% / 1h | 44m 01s | $13.2M | $2.2M | 10x |
BingX TRX-USDC
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $40.95
- Price spread: +0.079% → +0.023%
- $5.59
- Slippage, 4 orders
- −$11.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $15.91
- Costs to cover
- 0.306%
- Break-even
- 4.3 days
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 9 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 BingX live order book, 7 min ago | 0.73 bp | 9.9 bp −$10 | 26.6 bp −$266 | 241.1 bp −$24.1K | 844.1 bp −$422.1K |
| Sell Hyperliquid live order book, 9 min ago | 0.14 bp | 6.2 bp −$6 | 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 | 0.3439 | −0.003% | $5 | — | 20x | as long as short |
| BingX TRX-USDClong | −0.0095% | 8h | 0.3439 | long leg | — | $6.5M | — | |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.003% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3439 | −0.017% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.055% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0057% | 8h | 0.3439 | +0.006% | $951K | $633K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.003% | $1K | $100K | 12x | as long as short |
| Backpack TRX_USDC_PERP | −0.0047% | 1h | 0.3440 | +0.015% | $58K | $7K | 10x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3439 | −0.003% | $826K | $706K | 75x | as long as short |
| SoDEX TRX-USD | −0.0024% | 1h | 0.3440 | +0.015% | $401 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | +0.017% | $99.3M | $49.2M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | +0.015% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.011% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.067% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0009% | 8h | 0.3439 | +0.003% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0024% | 1h | 0.3439 | +0.003% | $483K | $628K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0045% | 8h | 0.3440 | +0.017% | $9K | $385 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0057% | 8h | 0.3439 | −0.015% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0066% | 8h | 0.3439 | +0.006% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3440 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| dYdX TRX-USD | +0.0075% | 1h | 0.3441 | +0.045% | $181K | $10K | 10x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.026% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | +0.012% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3441 | +0.069% | $1.9M | $978K | 25x | as long as short |
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3442 | +0.079% | $13.2M | $2.2M | 10x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | +0.006% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.016% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.023% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.095% | $196K | $913K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3440 | +0.017% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0282% | 1h | 0.3444 | +0.134% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.045% | $19K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
Paradex TRX-USD-PERP
KuCoin TRXUSDTM
Bitget TRXUSDT
Phemex TRXUSDT
dYdX TRX-USD
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]