After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.063%7d average+0.058%fees + slippage, in and out−$21spread needed0.215%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3452 | 0.0100 | pay 0.0050% / 4h | 17m 59s | $589K | $452K | 20x |
| Short | Hyperliquid TRX | 0.3454 | 0.0100 | get 0.0013% / 1h | 17m 59s | $13.2M | $2.2M | 10x |
Hyperliquid TRXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.3
- Funding while held
- $0
- Slippage, 4 orders
- −$3.5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$15.2
- Spread needed to break even
- 0.215%
Slippage from edgeX: live order book, 32 min ago; Hyperliquid: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 edgeX live order book, 32 min ago | 0.87 bp | 5.4 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.14 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestVariational Omni0.3450+0.648%Aevo0.3450+0.649%HTX0.3450+0.650%SunX0.3450+0.653%Bybit0.3451+0.662%Phoenix0.3451+0.665%Extended0.3451+0.667%Reya0.3451+0.674%Paradex0.3451+0.678%Backpack0.3451+0.680%Bitget0.3451+0.683%BingX0.3451+0.683%Aster0.3452+0.688%Lighter0.3452+0.688%Orderly0.3452+0.688%OKX0.3452+0.691%BloFin0.3452+0.694%SoDEX0.3452+0.700%Phemex0.3452+0.700%Gate0.3452+0.703%Binance0.3452+0.707%MEXC0.3452+0.709%GMX0.3452+0.714%dYdX0.3453+0.720%gTrade (Gains Network)0.3453+0.723%ApeX Omni0.3453+0.723%KuCoin0.3453+0.729%
Injective
Variational Omni
Aevo
HTX
SunX
Bybit
Phoenix
Extended
Reya
Paradex
Backpack
Bitget
BingX
Aster
Lighter
Orderly
OKX
BloFin
SoDEX
Phemex
Gate
Binance
MEXC
GMX
dYdX
gTrade (Gains Network)
ApeX Omni
KuCoinHyperliquid0.3454+0.750%
Kraken Futures0.3454+0.758%Deribit0.3455+0.784%
Kraken Futures
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.682% | +0.0033% | 1h | $1K | $97K | 12x | as long as short |
| Variational Omni TRX | −0.038% | +0.0088% | 8h | $560K | $35K | — | as long as short |
| Aevo TRX-PERP | −0.037% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.036% | −0.0286% | 8h | $837K | $625K | 75x | as long as short |
| SunX TRX-USDT | −0.033% | +0.0100% | 8h | $196K | $829K | 30x | as long as short |
| Bybit TRXUSDT | −0.024% | +0.0055% | 8h | $54.7M | $7.9M | 75x | as long as short |
| Phoenix TRX | −0.021% | −0.0093% | 1h | $5K | $5K | 10x | as long as short |
| Extended TRX-USD | −0.019% | 0.0000% | 1h | $195K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.012% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Paradex TRX-USD-PERP | −0.009% | +0.0088% | 8h | $8K | $333 | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.007% | −0.0111% | 1h | $60K | $4K | 10x | as long as short |
| Bitget TRXUSDT | −0.004% | +0.0100% | 8h | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | −0.004% | −0.0008% | 8h | — | $35.3M | — | as long as short |
| edgeX TRXUSDClong | 0.000% | +0.0100% | 4h | $589K | $452K | 20x | |
| Aster TRXUSDT | +0.001% | −0.0187% | 8h | $928K | $557K | 75x | as long as short |
| Lighter TRX | +0.002% | +0.0096% | 1h | $452K | $587K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.002% | +0.0080% | 8h | $15K | $155K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.005% | +0.0011% | 8h | $15.6M | $8.9M | 50x | as long as short |
| BloFin TRX-USDT | +0.008% | +0.0117% | 8h | $4.7M | $3.8M | 50x | as long as short |
| SoDEX TRX-USD | +0.014% | +0.0054% | 1h | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.014% | +0.0041% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Gate TRX_USDT | +0.017% | +0.0033% | 8h | $9.7M | $2.4M | 75x | as long as short |
| Binance TRXUSDT | +0.020% | −0.0001% | 8h | $100.9M | $50.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.022% | −0.0002% | 8h | $17.5M | $1.7M | 200x | as long as short |
| GMX TRX/USD [ETH-USDC] | +0.027% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| dYdX TRX-USD | +0.034% | +0.0090% | 1h | $187K | $3K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.036% | L +0.0003% / S −0.0007% | 1h | $122K | — | 150x | as long as short |
| ApeX Omni TRXUSDT | +0.037% | +0.0100% | 1h | $115K | $548K | 50x | as long as short |
| KuCoin TRXUSDTM | +0.043% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Hyperliquid TRXshort | +0.063% | +0.0100% | 1h | $13.2M | $2.2M | 10x | |
| Kraken Futures PF_TRXUSD | +0.071% | +0.0426% | 1h | $1.9M | $925K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.097% | +0.0210% | 1h | $791K | $397K | 25x | as long as short |