After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.044%7d average+0.013%fees + slippage, in and out−$36spread needed0.361%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3447 | −0.0031 | get 0.0031% / 8h | 2h 00m | $9.6M | $2.5M | 75x |
| Short | Hyperliquid TRX | 0.3449 | 0.0100 | get 0.0013% / 1h | 0m 40s | $13.3M | $2.2M | 10x |
Gate TRX_USDT
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
- $4.35
- Funding while held
- $3.93
- Slippage, 4 orders
- −$12.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.84
- Spread needed to break even
- 0.361%
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0131%
- Per $10,000 a day
- +$3.93
- 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 Gate live order book, 4 min ago | 1.02 bp | 12.6 bp −$13 | 27.2 bp −$272 | 41.4 bp −$4,142 | 68.4 bp −$34.2K |
| Sell Hyperliquid live order book, 4 min ago | 0.58 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestAster0.3443+0.452%HTX0.3444+0.477%Aevo0.3444+0.478%Variational Omni0.3445+0.483%Reya0.3445+0.503%Backpack0.3445+0.505%ApeX Omni0.3446+0.511%edgeX0.3446+0.512%Orderly0.3446+0.513%Bybit0.3446+0.525%BloFin0.3446+0.525%MEXC0.3446+0.528%SoDEX0.3446+0.528%Paradex0.3446+0.530%Extended0.3446+0.531%Phemex0.3446+0.537%SunX0.3447+0.542%BingX0.3447+0.548%Binance0.3447+0.551%dYdX0.3447+0.558%GMX0.3447+0.559%
Injective
Aster
HTX
Aevo
Variational Omni
Reya
Backpack
ApeX Omni
Orderly
Bybit
BloFin
MEXC
SoDEX
Paradex
Extended
Phemex
SunX
BingX
Binance
dYdX
GMXGate0.3447+0.560%
OKX0.3447+0.566%Kraken Futures0.3447+0.568%Bitget0.3448+0.569%gTrade (Gains Network)0.3448+0.575%Phoenix0.3448+0.583%KuCoin0.3448+0.589%Lighter0.3448+0.595%
OKX
Kraken Futures
Bitget
gTrade (Gains Network)
Phoenix
KuCoin
LighterHyperliquid0.3449+0.604%
Deribit0.3450+0.639%
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 | −0.557% | +0.0033% | 1h | $1K | $124K | 12x | as long as short |
| Aster TRXUSDT | −0.107% | −0.0226% | 8h | $1.1M | $356K | 75x | as long as short |
| HTX TRX-USDT | −0.083% | −0.0365% | 8h | $873K | $550K | 75x | as long as short |
| Aevo TRX-PERP | −0.082% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| Variational Omni TRX | −0.077% | +0.0037% | 8h | $559K | $36K | — | as long as short |
| Reya TRXRUSDPERP | −0.057% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.055% | −0.0196% | 1h | $60K | $4K | 10x | as long as short |
| ApeX Omni TRXUSDT | −0.049% | +0.0100% | 1h | $115K | $549K | 50x | as long as short |
| edgeX TRXUSDC | −0.048% | +0.0100% | 4h | $588K | $486K | 20x | as long as short |
| Orderly PERP_TRX_USDC | −0.046% | +0.0072% | 8h | $15K | $201K | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TRXUSDT | −0.035% | +0.0027% | 8h | $54.5M | $8.1M | 75x | as long as short |
| BloFin TRX-USDT | −0.035% | +0.0091% | 8h | $4.0M | $3.9M | 50x | as long as short |
| MEXC TRX_USDT | −0.032% | −0.0029% | 8h | $17.4M | $1.9M | 200x | as long as short |
| SoDEX TRX-USD | −0.032% | −0.0054% | 1h | $406 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | −0.029% | +0.0081% | 8h | $8K | $333 | 20x | as long as short |
| Extended TRX-USD | −0.029% | −0.0032% | 1h | $194K | $1.1M | 25x | as long as short |
| Phemex TRXUSDT | −0.023% | +0.0003% | 8h | $3.7M | $1.4M | 50x | as long as short |
| SunX TRX-USDT | −0.018% | +0.0100% | 8h | $196K | $1.0M | 30x | as long as short |
| BingX TRX-USDC | −0.012% | −0.0034% | 8h | — | $6.5M | — | as long as short |
| Binance TRXUSDT | −0.009% | −0.0029% | 8h | $100.0M | $52.7M | 75x | as long as short |
| dYdX TRX-USD | −0.002% | +0.0313% | 1h | $187K | $3K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.001% | L +0.0341% / S −0.0344% | 1h | $18K | — | 100x | as long as short |
| Gate TRX_USDTlong | 0.000% | −0.0031% | 8h | $9.6M | $2.5M | 75x | |
| OKX TRX-USDT-SWAP | +0.006% | −0.0014% | 8h | $15.5M | $9.5M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.008% | +0.0269% | 1h | $1.8M | $707K | 25x | as long as short |
| Bitget TRXUSDT | +0.009% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.015% | L +0.0003% / S −0.0008% | 1h | $115K | — | 150x | as long as short |
| Phoenix TRX | +0.023% | −0.0116% | 1h | $5K | $5K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.029% | +0.0089% | 8h | $8.2M | $3.3M | 75x | as long as short |
| Lighter TRX | +0.035% | +0.0096% | 1h | $517K | $505K | 10x | as long as short |
| Hyperliquid TRXshort | +0.044% | +0.0100% | 1h | $13.3M | $2.2M | 10x | |
| Deribit TRX_USDC-PERPETUAL | +0.078% | +0.0289% | 1h | $782K | $264K | 25x | as long as short |