TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against BingX−0.140%96s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.744% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.140%, 7d avg −0.072%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.068% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TRB-USDT	19.230	0.0100	pay 0.0050% / 4h	55m 31s	—	$16.5M	—
Short	BloFin TRB-USDT	19.203	0.0051	get 0.0025% / 4h	55m 31s	$359K	$174K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$10.37
Price spread: −0.140% → −0.072%: −$6.8
Slippage, 4 orders: −$52.38
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$91.56
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 20 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 BingX live order book, 8 min ago	5.99 bp	21.3 bp −$21	59.9 bp −$599	220.4 bp −$22.0K	267.6 bp −$133.8K
Sell BloFin live order book, 20 min ago	1.31 bp	16.7 bp −$17	38.8 bp −$388	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
BloFin TRB-USDTshort	+0.0051%	4h	19.203	−0.140%	$359K	$174K	50x
Hyperliquid TRB	+0.0100%	1h	19.234	+0.021%	$485K	$229K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.210	−0.103%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.218	−0.063%	$5.1M	$10.2M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.256	+0.135%	$6.3M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.240	+0.052%	$4.4M	$4.7M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.217	−0.068%	$14.6M	$913K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.234	+0.021%	$1.1M	$302K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.232	+0.010%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDTlong	+0.0100%	4h	19.230	long leg	—	$16.5M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0141%	4h	19.216	−0.073%	$14K	$3K	—	as long as short
Gate TRB_USDT	+0.0272%	4h	19.230	0.000%	$580K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1134%	1h	19.253	+0.118%	$102K	$99K	10x	as long as short