Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: Binance against Hyperliquid−0.041%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.041%, 7d avg −0.014%
=Together, before fees+0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3470 | 0.0100 | pay 0.0013% / 1h | 29m 31s | $13.2M | $2.3M | 10x |
| Short | Binance TRXUSDT | 0.3469 | 0.0100 | get 0.0100% / 8h | 6h 29m | $102.8M | $50.7M | 75x |
Hyperliquid TRX
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- $0
- Price spread: −0.041% → −0.014%
- −$2.68
- Slippage, 4 orders
- −$4.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.12
- Costs to cover
- 0.234%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Binance: live order book, 13 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 Hyperliquid live order book, 3 min ago | 0.43 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.14 bp | 5.1 bp −$5 | 8.7 bp −$87 | 36.4 bp −$3,642 | doesn't fit |
TRX on 31 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 | 0.3468 | −0.053% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3468 | −0.052% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0007% | 8h | 0.3469 | −0.029% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3468 | −0.048% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3469 | −0.041% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.839% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0051% | 1h | 0.3468 | −0.069% | $59K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0089% | 8h | 0.3467 | −0.095% | $833K | $794K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0094% | 8h | 0.3468 | −0.066% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3468 | −0.061% | $484K | $661K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3468 | −0.069% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3470 | long leg | $13.2M | $2.3M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3468 | −0.055% | $958K | $669K | 75x | as long as short |
| Binance TRXUSDTshort | +0.0100% | 8h | 0.3469 | −0.041% | $102.8M | $50.7M | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3469 | −0.037% | $54.9M | $9.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3469 | −0.026% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3468 | −0.049% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3469 | −0.040% | $18.5M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3469 | −0.029% | $10.4M | $3.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3469 | −0.040% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3468 | −0.062% | $566K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3467 | −0.076% | $592K | $451K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3468 | −0.069% | $115K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3466 | −0.128% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3468 | −0.052% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3468 | −0.052% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3468 | −0.073% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3466 | −0.110% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3468 | −0.057% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3470 | −0.014% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0776% | 1h | 0.3472 | +0.063% | $799K | $463K | 25x | as long as short |
Paradex TRX-USD-PERP
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL