Funding arb · Price arb /

TRB

all TRB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.076%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.076%, 7d avg +0.142%

Together, before fees+0.064%+$6 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: Bybit is 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRBUSDT	19.095	0.0100	pay 0.0050% / 4h	1h 40m	$5.0M	$10.2M	50x
Short	Bybit TRBUSDT	19.110	0.0100	get 0.0050% / 4h	1h 40m	$6.3M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.142%: −$6.55
Slippage, 4 orders: −$72.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$100.39
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 3 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 Binance live order book, 15 min ago	1.31 bp	16.6 bp −$17	62.9 bp −$629	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.44 bp	31.5 bp −$32	104.2 bp −$1,042	doesn't fit	doesn't fit

TRB on 13 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
Hyperliquid TRB	+0.0100%	1h	19.104	+0.045%	$486K	$226K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.090	−0.029%	$10K	$21K	5x	as long as short
Binance TRBUSDTlong	+0.0100%	4h	19.095	long leg	$5.0M	$10.2M	50x
Bybit TRBUSDTshort	+0.0100%	4h	19.110	+0.076%	$6.3M	$1.9M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.120	+0.128%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.096	+0.003%	$14.5M	$898K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.096	+0.003%	$1.1M	$304K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.090	−0.029%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.108	+0.066%	—	$16.5M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.162	+0.350%	$14K	$3K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TRB-USDT	+0.0124%	4h	19.117	+0.113%	$360K	$174K	50x	as long as short
Gate TRB_USDT	+0.0226%	4h	19.100	+0.024%	$578K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1238%	1h	19.133	+0.198%	$103K	$98K	10x	as long as short