Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: Hyperliquid against OKX+0.086%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days−0.105%−$11 · spread now +0.086%, 7d avg +0.020%
=Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: Hyperliquid is 0.066% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRX-USDT-SWAP | 0.3488 | 0.0100 | pay 0.0100% / 8h | 1h 35m | $15.5M | $10.5M | 50x |
| Short | Hyperliquid TRX | 0.3492 | 0.0100 | get 0.0013% / 1h | 35m 22s | $13.3M | $2.7M | 10x |
OKX TRX-USDT-SWAP
Hyperliquid TRXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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: +0.086% → +0.020%
- $6.65
- Slippage, 4 orders
- −$6.08
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$18.44
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 7 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 OKX live order book, 3 min ago | 0.14 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.14 bp | 5.2 bp −$5 | doesn't fit | 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 | 0.3488 | −0.019% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0018% | 8h | 0.3484 | −0.116% | $833K | $938K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3490 | +0.055% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3491 | +0.057% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3489 | +0.019% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.362% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3489 | +0.011% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3488 | −0.011% | $487K | $670K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3488 | −0.007% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3488 | 0.000% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRXshort | +0.0100% | 1h | 0.3492 | +0.086% | $13.3M | $2.7M | 10x | |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | +0.003% | $966K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | +0.002% | $107.4M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3489 | +0.014% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAPlong | +0.0100% | 8h | 0.3488 | long leg | $15.5M | $10.5M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3489 | +0.006% | $9.7M | $3.2M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3488 | 0.000% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3490 | +0.034% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | −0.023% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3487 | −0.032% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3489 | +0.011% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3489 | +0.025% | $595K | $462K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3490 | +0.037% | $116K | $583K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3487 | −0.044% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3488 | −0.003% | $412 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3489 | +0.014% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3488 | −0.026% | $205K | $640K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3487 | −0.044% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | +0.043% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0252% | 1h | 0.3489 | +0.012% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3489 | +0.027% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0974% | 1h | 0.3493 | +0.140% | $907K | $684K | 25x | as long as short |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL