Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average—if it closes, per $10,000$3funding while held, a day−$7.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRX/USD [ETH-USDC] | 0.3449 | L +0.0340% / S −0.0344% | pay 0.0042% / 1h | 31m 50s | $18K | — | 100x |
| Short | Hyperliquid TRX | 0.3450 | 0.0100 | get 0.0013% / 1h | 31m 50s | $13.2M | $2.2M | 10x |
GMX TRX/USD [ETH-USDC]
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
- $2.84
- Funding while held
- −$7.19
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.35
- Spread needed to break even
- 0.210%
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0240%
- Per $10,000 a day
- −$7.19
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 2 min ago | 0.14 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3428cheapestAevo0.3444+0.465%SunX0.3444+0.468%HTX0.3445+0.494%Variational Omni0.3445+0.507%Aster0.3446+0.516%SoDEX0.3446+0.516%Reya0.3446+0.517%BingX0.3446+0.531%Paradex0.3446+0.531%edgeX0.3446+0.532%Bybit0.3446+0.534%Lighter0.3446+0.537%Orderly0.3447+0.540%Binance0.3447+0.543%Backpack0.3447+0.543%MEXC0.3447+0.546%Phemex0.3447+0.546%Bitget0.3447+0.557%Phoenix0.3447+0.557%Extended0.3447+0.559%Gate0.3447+0.563%OKX0.3447+0.566%BloFin0.3448+0.572%KuCoin0.3448+0.589%ApeX Omni0.3448+0.589%
Injective
Aevo
SunX
HTX
Variational Omni
Aster
SoDEX
Reya
BingX
Paradex
Bybit
Lighter
Orderly
Binance
Backpack
MEXC
Phemex
Bitget
Phoenix
Extended
Gate
OKX
BloFin
KuCoin
ApeX OmniGMX0.3449+0.602%
Kraken Futures0.3449+0.604%dYdX0.3449+0.609%
Kraken Futures
dYdXHyperliquid0.3450+0.630%
Deribit0.3451+0.658%
DeribitTRX on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.598% | +0.0033% | 1h | $1K | $70K | 12x | as long as short |
| Aevo TRX-PERP | −0.135% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| SunX TRX-USDT | −0.133% | +0.0100% | 8h | $196K | $850K | 30x | as long as short |
| HTX TRX-USDT | −0.107% | −0.0020% | 8h | $835K | $625K | 75x | as long as short |
| Variational Omni TRX | −0.094% | +0.0065% | 8h | $560K | $35K | — | as long as short |
| Aster TRXUSDT | −0.085% | −0.0167% | 8h | $915K | $579K | 75x | as long as short |
| SoDEX TRX-USD | −0.085% | −0.0089% | 1h | $405 | $5K | 5x | as long as short |
| Reya TRXRUSDPERP | −0.084% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| BingX TRX-USDT | −0.070% | +0.0100% | 8h | — | $35.3M | — | as long as short |
| Paradex TRX-USD-PERP | −0.070% | +0.0078% | 8h | $8K | $333 | 20x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX TRXUSDC | −0.069% | +0.0100% | 4h | $588K | $452K | 20x | as long as short |
| Bybit TRXUSDT | −0.067% | −0.0045% | 8h | $54.6M | $7.7M | 75x | as long as short |
| Lighter TRX | −0.064% | +0.0096% | 1h | $449K | $562K | 10x | as long as short |
| Orderly PERP_TRX_USDC | −0.061% | +0.0084% | 8h | $15K | $113K | 20x | as long as short |
| Binance TRXUSDT | −0.059% | +0.0007% | 8h | $100.6M | $51.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.059% | −0.0135% | 1h | $60K | $4K | 10x | as long as short |
| MEXC TRX_USDT | −0.056% | +0.0008% | 8h | $17.4M | $1.7M | 200x | as long as short |
| Phemex TRXUSDT | −0.056% | +0.0021% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Bitget TRXUSDT | −0.044% | +0.0100% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Phoenix TRX | −0.044% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| Extended TRX-USD | −0.042% | +0.0008% | 1h | $195K | $1.1M | 25x | as long as short |
| Gate TRX_USDT | −0.038% | +0.0100% | 8h | $9.7M | $2.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.035% | +0.0035% | 8h | $15.6M | $8.6M | 50x | as long as short |
| BloFin TRX-USDT | −0.030% | +0.0033% | 8h | $4.6M | $3.9M | 50x | as long as short |
| KuCoin TRXUSDTM | −0.012% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| ApeX Omni TRXUSDT | −0.012% | +0.0100% | 1h | $115K | $552K | 50x | as long as short |
| GMX TRX/USD [ETH-USDC]long | 0.000% | L +0.0340% / S −0.0344% | 1h | $18K | — | 100x | |
| Kraken Futures PF_TRXUSD | +0.002% | +0.0116% | 1h | $1.9M | $901K | 25x | as long as short |
| dYdX TRX-USD | +0.007% | 0.0000% | 1h | $186K | $3K | 10x | as long as short |
| Hyperliquid TRXshort | +0.028% | +0.0100% | 1h | $13.2M | $2.2M | 10x | |
| Deribit TRX_USDC-PERPETUAL | +0.056% | +0.0310% | 1h | $797K | $405K | 25x | as long as short |