After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.081%7d average−0.034%fees + slippage, in and out−$29spread needed0.286%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3439 | 0.0100 | pay 0.0013% / 1h | 59m 19s | $13.1M | $2.2M | 10x |
| Short | Bitget TRXUSDT | 0.3437 | 0.0072 | get 0.0072% / 8h | 4h 59m | $9.4M | $2.0M | 75x |
Hyperliquid TRX
Bitget TRXUSDTPrice 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
- −$8.14
- Funding while held
- −$0.84
- Slippage, 4 orders
- −$7.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$37.58
- Spread needed to break even
- 0.286%
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0028%
- Per $10,000 a day
- −$0.84
- 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 Hyperliquid live order book, 5 min ago | 0.44 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.15 bp | 7.8 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Aevo0.3436cheapestHTX0.3436+0.003%Bybit0.3436+0.014%SoDEX0.3436+0.023%Variational Omni0.3437+0.028%
Aevo
HTX
Bybit
SoDEX
Variational OmniBitget0.3437+0.029%
Backpack0.3437+0.029%Reya0.3437+0.029%Extended0.3437+0.029%Lighter0.3437+0.034%BingX0.3437+0.034%BloFin0.3437+0.034%Paradex0.3437+0.038%Aster0.3437+0.041%OKX0.3437+0.043%MEXC0.3437+0.043%KuCoin0.3437+0.043%Gate0.3437+0.046%Phemex0.3437+0.046%Binance0.3437+0.050%Orderly0.3437+0.052%edgeX0.3438+0.059%dYdX0.3438+0.082%GMX0.3439+0.091%Phoenix0.3439+0.093%Injective0.3439+0.098%gTrade (Gains Network)0.3439+0.102%
Backpack
Reya
Extended
Lighter
BingX
BloFin
Paradex
Aster
OKX
MEXC
KuCoin
Gate
Phemex
Binance
Orderly
dYdX
GMX
Phoenix
Injective
gTrade (Gains Network)Hyperliquid0.3439+0.110%
ApeX Omni0.3440+0.116%Kraken Futures0.3440+0.125%SunX0.3441+0.154%Deribit0.3441+0.160%
ApeX Omni
Kraken Futures
SunX
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo TRX-PERP | −0.110% | +0.0080% | 1h | $33K | — | 3x | as long as short |
| HTX TRX-USDT | −0.107% | −0.0043% | 8h | $827K | $655K | 75x | as long as short |
| Bybit TRXUSDT | −0.096% | −0.0156% | 8h | $54.6M | $7.6M | 75x | as long as short |
| SoDEX TRX-USD | −0.087% | −0.0078% | 1h | $402 | $5K | 5x | as long as short |
| Variational Omni TRX | −0.082% | −0.0063% | 8h | $558K | $34K | — | as long as short |
| Bitget TRXUSDTshort | −0.081% | +0.0072% | 8h | $9.4M | $2.0M | 75x | |
| Backpack TRX_USDC_PERP | −0.081% | −0.0255% | 1h | $60K | $4K | 10x | as long as short |
| Reya TRXRUSDPERP | −0.081% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Extended TRX-USD | −0.081% | −0.0016% | 1h | $194K | $1.1M | 25x | as long as short |
| Lighter TRX | −0.076% | 0.0000% | 1h | $484K | $614K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX TRX-USDC | −0.076% | −0.0161% | 8h | — | $6.5M | — | as long as short |
| BloFin TRX-USDT | −0.076% | +0.0101% | 8h | $4.7M | $3.9M | 50x | as long as short |
| Paradex TRX-USD-PERP | −0.072% | +0.0014% | 8h | $8K | $333 | 20x | as long as short |
| Aster TRXUSDT | −0.069% | −0.0103% | 8h | $913K | $589K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.067% | +0.0007% | 8h | $15.5M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | −0.067% | −0.0018% | 8h | $17.0M | $1.6M | 200x | as long as short |
| KuCoin TRXUSDTM | −0.067% | +0.0100% | 8h | $8.6M | $3.6M | 75x | as long as short |
| Gate TRX_USDT | −0.064% | +0.0055% | 8h | $9.6M | $2.4M | 75x | as long as short |
| Phemex TRXUSDT | −0.064% | +0.0029% | 8h | $3.7M | $1.5M | 50x | as long as short |
| Binance TRXUSDT | −0.060% | −0.0019% | 8h | $99.2M | $50.8M | 75x | as long as short |
| Orderly PERP_TRX_USDC | −0.058% | +0.0082% | 8h | $14K | $107K | 20x | as long as short |
| edgeX TRXUSDC | −0.051% | +0.0100% | 4h | $586K | $447K | 20x | as long as short |
| dYdX TRX-USD | −0.028% | +0.0212% | 1h | $186K | $3K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | −0.019% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| Phoenix TRX | −0.017% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.012% | −0.0135% | 1h | $1K | $52K | 12x | as long as short |
| gTrade (Gains Network) TRX/USD | −0.008% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Hyperliquid TRXlong | 0.000% | +0.0100% | 1h | $13.1M | $2.2M | 10x | |
| ApeX Omni TRXUSDT | +0.006% | +0.0100% | 1h | $115K | $532K | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.015% | −0.0045% | 1h | $1.8M | $893K | 25x | as long as short |
| SunX TRX-USDT | +0.044% | +0.0100% | 8h | $196K | $899K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.050% | +0.0276% | 1h | $829K | $369K | 25x | as long as short |