Funding you earn now, next payment 00:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.95 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against BingX+0.135%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$760.755% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.135%, 7d avg +0.022%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.114% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRB-USDT | 19.194 | 0.0100 | pay 0.0050% / 4h | 1h 00m | — | $16.5M | — |
| Short | Gate TRB_USDT | 19.220 | 0.0290 | get 0.0145% / 4h | 1h 00m | $580K | $1.5M | 50x |
BingX TRB-USDT
Gate TRB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- $39.9
- Price spread: +0.135% → +0.022%
- $11.38
- Slippage, 4 orders
- −$50.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$24.22
- Costs to cover
- 0.755%
- Break-even
- 11.2 days
Slippage from BingX: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago | 5.99 bp | 21.3 bp −$21 | 59.9 bp −$599 | 220.4 bp −$22.0K | 267.6 bp −$133.8K |
| Sell Gate live order book, 2 min ago | 5.21 bp | 16.6 bp −$17 | 27.9 bp −$279 | 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-USDT | +0.0056% | 4h | 19.196 | +0.010% | $359K | $174K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.180 | −0.072% | $483K | $228K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.200 | +0.031% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.169 | −0.131% | $5.1M | $10.2M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.214 | +0.104% | $6.3M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.180 | −0.073% | $4.4M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.176 | −0.094% | $14.6M | $928K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.214 | +0.104% | $1.1M | $302K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.193 | −0.005% | $1.2M | $1.3M | 50x | as long as short |
| BingX TRB-USDTlong | +0.0100% | 4h | 19.194 | long leg | — | $16.5M | — |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDTShow 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 | +0.114% | $14K | $3K | — | as long as short |
| Gate TRB_USDTshort | +0.0290% | 4h | 19.220 | +0.135% | $580K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1234% | 1h | 19.192 | −0.010% | $102K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD