After costs, if the gap returns to its 7d average, $10k−$16
spread now+0.061%7d average+0.034%fees + slippage, in and out−$19spread needed0.187%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3436 | 0 | get 0.0000% / 1h | 17m 03s | $485K | $614K | 10x |
| Short | Hyperliquid TRX | 0.3438 | 0.0100 | get 0.0013% / 1h | 17m 03s | $13.2M | $2.2M | 10x |
Lighter TRX
Hyperliquid TRXPrice 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
- $6.11
- Funding while held
- $3
- Slippage, 4 orders
- −$9.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$9.54
- Spread needed to break even
- 0.187%
Slippage from Lighter: live order book, 10 min ago; Hyperliquid: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Lighter live order book, 10 min ago | 1.02 bp | 3.3 bp −$3 | 10.3 bp −$103 | 45.2 bp −$4,524 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.14 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
TRX price on every exchange
against the cheapest. Click to use as the short leg.Bitget0.3435cheapestBybit0.3435+0.003%HTX0.3435+0.008%Aevo0.3435+0.011%OKX0.3436+0.017%BingX0.3436+0.026%SoDEX0.3436+0.029%Extended0.3436+0.029%Reya0.3436+0.033%
Bitget
Bybit
HTX
Aevo
OKX
BingX
SoDEX
Extended
ReyaLighter0.3436+0.041%
Binance0.3436+0.042%Aster0.3436+0.044%Backpack0.3436+0.044%Gate0.3437+0.049%Variational Omni0.3437+0.050%Paradex0.3437+0.058%MEXC0.3437+0.058%KuCoin0.3437+0.058%Orderly0.3437+0.061%Phemex0.3437+0.061%BloFin0.3437+0.061%ApeX Omni0.3438+0.084%edgeX0.3438+0.092%Phoenix0.3438+0.093%
Binance
Aster
Backpack
Gate
Variational Omni
Paradex
MEXC
KuCoin
Orderly
Phemex
BloFin
ApeX Omni
PhoenixHyperliquid0.3438+0.102%
GMX0.3438+0.105%gTrade (Gains Network)0.3439+0.113%Injective0.3439+0.119%Kraken Futures0.3439+0.128%SunX0.3440+0.149%dYdX0.3440+0.157%Deribit0.3441+0.165%
GMX
gTrade (Gains Network)
Injective
Kraken Futures
SunX
dYdX
DeribitTRX on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | −0.041% | +0.0088% | 8h | $9.4M | $2.1M | 75x | as long as short |
| Bybit TRXUSDT | −0.038% | −0.0169% | 8h | $54.6M | $7.6M | 75x | as long as short |
| HTX TRX-USDT | −0.032% | −0.0059% | 8h | $827K | $654K | 75x | as long as short |
| Aevo TRX-PERP | −0.030% | +0.0072% | 1h | $33K | — | 3x | as long as short |
| OKX TRX-USDT-SWAP | −0.023% | +0.0005% | 8h | $15.5M | $8.7M | 50x | as long as short |
| BingX TRX-USDC | −0.015% | −0.0171% | 8h | — | $6.5M | — | as long as short |
| SoDEX TRX-USD | −0.012% | −0.0074% | 1h | $403 | $5K | 5x | as long as short |
| Extended TRX-USD | −0.012% | −0.0024% | 1h | $194K | $1.1M | 25x | as long as short |
| Reya TRXRUSDPERP | −0.007% | −0.0133% | 1h | $5 | — | 20x | as long as short |
| Lighter TRXlong | 0.000% | 0.0000% | 1h | $485K | $614K | 10x |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.002% | −0.0021% | 8h | $99.1M | $50.8M | 75x | as long as short |
| Aster TRXUSDT | +0.003% | −0.0113% | 8h | $912K | $589K | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.003% | −0.0263% | 1h | $60K | $4K | 10x | as long as short |
| Gate TRX_USDT | +0.009% | +0.0053% | 8h | $9.6M | $2.5M | 75x | as long as short |
| Variational Omni TRX | +0.009% | −0.0054% | 8h | $558K | $34K | — | as long as short |
| Paradex TRX-USD-PERP | +0.017% | +0.0015% | 8h | $8K | $333 | 20x | as long as short |
| MEXC TRX_USDT | +0.017% | −0.0020% | 8h | $17.0M | $1.7M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.017% | +0.0100% | 8h | $8.6M | $3.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.020% | +0.0083% | 8h | $14K | $107K | 20x | as long as short |
| Phemex TRXUSDT | +0.020% | +0.0013% | 8h | $3.7M | $1.5M | 50x | as long as short |
| BloFin TRX-USDT | +0.020% | +0.0099% | 8h | $4.7M | $3.9M | 50x | as long as short |
| ApeX Omni TRXUSDT | +0.044% | +0.0100% | 1h | $115K | $532K | 50x | as long as short |
| edgeX TRXUSDC | +0.051% | +0.0100% | 4h | $586K | $447K | 20x | as long as short |
| Phoenix TRX | +0.052% | −0.0093% | 1h | $5K | $13K | 10x | as long as short |
| Hyperliquid TRXshort | +0.061% | +0.0100% | 1h | $13.2M | $2.2M | 10x | |
| GMX TRX/USD [ETH-USDC] | +0.064% | L +0.0337% / S −0.0340% | 1h | $18K | — | 100x | as long as short |
| gTrade (Gains Network) TRX/USD | +0.072% | L +0.0003% / S −0.0007% | 1h | $121K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.079% | +0.0033% | 1h | $1K | $71K | 12x | as long as short |
| Kraken Futures PF_TRXUSD | +0.087% | −0.0044% | 1h | $1.8M | $884K | 25x | as long as short |
| SunX TRX-USDT | +0.108% | +0.0100% | 8h | $196K | $894K | 30x | as long as short |
| dYdX TRX-USD | +0.116% | +0.0063% | 1h | $186K | $3K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.125% | +0.0300% | 1h | $829K | $378K | 25x | as long as short |