TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.031%

Price spread now: Injective against Hyperliquid−1.257%7-day average −0.323% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)+1.239%+$124 · spread now −1.257%, 7d avg −0.323%

Together, before fees+1.387%+ Points / potential airdropHyperliquid: Season 2 · farm board+$139 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.934% cheaper against Hyperliquid than usual: you would sell low and buy high (−$93 if the spread goes back to its 7-day average of −0.323%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRX	0.3485	0.0100	pay 0.0013% / 1h	43m 08s	$13.3M	$2.8M	10x
Short	Injective TRX/USDC PERP	0.3441	0.0033	get 0.0004% / 1h	43m 08s	$1K	$163K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −1.257%Rate

Funding earned: −$14
Price spread: −1.257% → −0.323%: −$93.37
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$116.39
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.

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, 9 min ago	0.43 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 on 32 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	0.3480	−0.146%	$5	—	20x	as long as short
HTX TRX-USDT	−0.0074%	8h	0.3478	−0.183%	$834K	$950K	75x	as long as short
Phoenix TRX	−0.0023%	1h	0.3484	−0.014%	$5K	$13K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3482	−0.068%	$183K	$12K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3482	−0.077%	$123K	—	150x	as long as short
Backpack TRX_USDC_PERP	+0.0010%	1h	0.3481	−0.123%	$62K	$5K	10x	as long as short
SoDEX TRX-USD	+0.0018%	1h	0.3481	−0.115%	$413	$5K	5x	as long as short
Injective TRX/USDC PERPshort	+0.0033%	1h	0.3441	−1.257%	$1K	$163K	12x
BingX TRX-USDC	+0.0070%	8h	0.3481	−0.112%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0091%	8h	0.3480	−0.129%	$9K	$251	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRX	+0.0096%	1h	0.3481	−0.115%	$487K	$671K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0100%	8h	0.3481	−0.112%	$14K	$61K	20x	as long as short
Hyperliquid TRXlong	+0.0100%	1h	0.3485	long leg	$13.3M	$2.8M	10x
Aster TRXUSDT	+0.0100%	8h	0.3480	−0.138%	$971K	$712K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3481	−0.115%	$107.0M	$63.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3481	−0.109%	$53.5M	$12.6M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3480	−0.138%	$15.6M	$10.7M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3481	−0.112%	$9.6M	$3.3M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3481	−0.115%	$19.2M	$2.3M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3481	−0.100%	$8.5M	$3.3M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3480	−0.138%	$9.8M	$4.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3481	−0.114%	$569K	$33K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3482	−0.078%	$594K	$463K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3483	−0.057%	$116K	$596K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3479	−0.156%	$198K	$1.3M	30x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3481	−0.115%	$4.0M	$2.0M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3480	−0.147%	$211K	$1.1M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3479	−0.178%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3482	−0.080%	$4.8M	$4.0M	50x	as long as short
Kraken Futures PF_TRXUSD	+0.0296%	1h	0.3482	−0.084%	$2.4M	$1.8M	25x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0310%	1h	0.3484	−0.021%	$877K	$734K	25x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0410% / S −0.0492%	1h	0.3482	−0.075%	$20K	—	100x	as long as short