Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Hyperliquid−0.008%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$560.558% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 3 days (all we have)−0.220%−$22 · spread now −0.008%, 7d avg −0.136%
=Together, before fees−0.022%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: SunX is 0.128% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRX | 0.3442 | 0.0100 | pay 0.0013% / 1h | 33m 02s | $13.2M | $2.2M | 10x |
| Short | SunX TRX-USDT | 0.3442 | 0.0100 | get 0.0100% / 8h | 1h 33m | $196K | $917K | 30x |
Hyperliquid TRX
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.008% → −0.136%
- $12.79
- Slippage, 4 orders
- −$38.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$42.96
- Costs to cover
- 0.558%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; SunX: live order book, 39 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, 10 min ago | 0.14 bp | 5.3 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 39 min ago | 6.51 bp | 24.5 bp −$25 | 32.6 bp −$326 | doesn't fit | doesn't fit |
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 | 0.3440 | −0.069% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.041% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3440 | −0.067% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0072% | 8h | 0.3440 | −0.070% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.018% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0044% | 1h | 0.3441 | −0.055% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0040% | 8h | 0.3439 | −0.085% | $8.6M | $3.7M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3440 | −0.076% | $826K | $716K | 75x | as long as short |
| Aster TRXUSDT | −0.0008% | 8h | 0.3441 | −0.055% | $958K | $658K | 75x | as long as short |
| SoDEX TRX-USD | −0.0007% | 1h | 0.3441 | −0.053% | $405 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3440 | −0.058% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.009% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.021% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | −0.061% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3440 | −0.073% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0010% | 8h | 0.3441 | −0.047% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0010% | 8h | 0.3441 | −0.053% | $99.3M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | −0.004% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0041% | 8h | 0.3439 | −0.085% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0047% | 8h | 0.3440 | −0.066% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0068% | 8h | 0.3441 | −0.050% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.064% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3440 | −0.073% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.055% | $14K | $107K | 20x | as long as short |
| BingX TRX-USDT | +0.0097% | 8h | 0.3440 | −0.061% | — | $40.0M | — | as long as short |
| Hyperliquid TRXlong | +0.0100% | 1h | 0.3442 | long leg | $13.2M | $2.2M | 10x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | −0.058% | $9.4M | $2.0M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.059% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.053% | $115K | $546K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3442 | −0.008% | $196K | $917K | 30x | |
| Deribit TRX_USDC-PERPETUAL | +0.0322% | 1h | 0.3444 | +0.054% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.014% | $20K | — | 100x | as long as short |
OKX TRX-USDT-SWAP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
BingX TRX-USDT
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]