data as of
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Price arb /

TRX

all TRX markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.061%7d average−0.021%fees + slippage, in and out−$24spread needed0.242%
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TRX0.34420.0100pay 0.0013% / 1h1m 03s$13.1M$2.1M10x
ShortBingX TRX-USDT0.3440−0.0179pay 0.0179% / 8h6h 01m—$35.3M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.1
Funding while held
−$8.37
Slippage, 4 orders
−$5.19
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$38.66
Spread needed to break even
0.242%
Slippage from Hyperliquid: live order book, 3 min ago; BingX: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
−0.0279%
Per $10,000 a day
−$8.37
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago0.14 bp5.8 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago0.29 bp5.3 bp −$55.8 bp −$5815.4 bp −$1,54338.0 bp −$19.0K

TRX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.3428cheapestHTX0.3439+0.332%Bitget0.3439+0.335%Aevo0.3440+0.336%Aster0.3440+0.338%ApeX Omni0.3440+0.338%Extended0.3440+0.341%OKX0.3440+0.347%Binance0.3440+0.350%Bybit0.3440+0.350%MEXC0.3440+0.350%Backpack0.3440+0.350%
BingX0.3440+0.353%
Reya0.3440+0.362%Gate0.3441+0.365%BloFin0.3441+0.365%Paradex0.3441+0.368%edgeX0.3441+0.370%Lighter0.3441+0.370%SoDEX0.3441+0.370%Phemex0.3441+0.370%Variational Omni0.3441+0.373%KuCoin0.3441+0.385%Orderly0.3441+0.385%Phoenix0.3442+0.397%
Hyperliquid0.3442+0.414%
GMX0.3443+0.437%gTrade (Gains Network)0.3443+0.444%dYdX0.3443+0.447%Kraken Futures0.3443+0.448%SunX0.3444+0.465%Deribit0.3445+0.496%

TRX on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective TRX/USDC PERP−0.413%+0.0033%1h$1K$42K12xas long as short
HTX TRX-USDT−0.082%−0.0113%8h$828K$648K75xas long as short
Bitget TRXUSDT−0.078%+0.0100%8h$9.4M$2.0M75xas long as short
Aevo TRX-PERP−0.078%+0.0072%1h$33K—3xas long as short
Aster TRXUSDT−0.076%−0.0135%8h$913K$584K75xas long as short
ApeX Omni TRXUSDT−0.076%+0.0100%1h$115K$531K50xas long as short
Extended TRX-USD−0.073%−0.0024%1h$194K$1.1M25xas long as short
OKX TRX-USDT-SWAP−0.067%+0.0005%8h$15.5M$8.7M50xas long as short
Binance TRXUSDT−0.064%−0.0026%8h$99.9M$50.0M75xas long as short
Bybit TRXUSDT−0.064%−0.0177%8h$54.6M$7.5M75xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC TRX_USDT−0.064%−0.0026%8h$16.9M$1.7M200xas long as short
Backpack TRX_USDC_PERP−0.064%−0.0117%1h$60K$4K10xas long as short
BingX TRX-USDTshort−0.061%−0.0179%8h—$35.3M—
Reya TRXRUSDPERP−0.052%−0.0133%1h$5—20xas long as short
Gate TRX_USDT−0.049%+0.0047%8h$9.6M$2.5M75xas long as short
BloFin TRX-USDT−0.049%+0.0094%8h$4.6M$3.9M50xas long as short
Paradex TRX-USD-PERP−0.046%+0.0017%8h$8K$33320xas long as short
edgeX TRXUSDC−0.044%+0.0100%4h$587K$445K20xas long as short
Lighter TRX−0.044%+0.0064%1h$470K$598K10xas long as short
SoDEX TRX-USD−0.044%−0.0155%1h$399$5K5xas long as short
Phemex TRXUSDT−0.044%−0.0057%8h$3.7M$1.5M50xas long as short
Variational Omni TRX−0.041%−0.0016%8h$559K$35K—as long as short
KuCoin TRXUSDTM−0.029%+0.0100%8h$8.6M$3.6M75xas long as short
Orderly PERP_TRX_USDC−0.029%+0.0083%8h$15K$110K20xas long as short
Phoenix TRX−0.017%−0.0116%1h$5K$13K10xas long as short
Hyperliquid TRXlong0.000%+0.0100%1h$13.1M$2.1M10x
GMX TRX/USD [ETH-USDC]+0.023%L +0.0338% / S −0.0340%1h$18K—100xas long as short
gTrade (Gains Network) TRX/USD+0.030%L +0.0003% / S −0.0007%1h$121K—150xas long as short
dYdX TRX-USD+0.032%+0.0190%1h$186K$3K10xas long as short
Kraken Futures PF_TRXUSD+0.033%−0.0158%1h$1.8M$895K25xas long as short
SunX TRX-USDT+0.050%+0.0100%8h$196K$866K30xas long as short
Deribit TRX_USDC-PERPETUAL+0.081%+0.0177%1h$825K$410K25xas long as short