Funding arb · Price arb /

TRB

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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: KuCoin against BingX+0.047%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1841.837% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.047%, 7d avg +0.014%

Together, before fees−0.060%−$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: KuCoin is 0.033% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TRB-USDT	19.034	0.0100	pay 0.0050% / 4h	1h 34m	—	$16.5M	—
Short	KuCoin TRBUSDTM	19.043	0.0100	get 0.0050% / 4h	1h 34m	$1.1M	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.014%: $3.33
Slippage, 4 orders: −$161.75
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$180.42
Costs to cover: 1.837%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 6 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, 4 min ago	4.98 bp	20.7 bp −$21	57.5 bp −$575	290.0 bp −$29.0K	366.9 bp −$183.4K
Sell KuCoin live order book, 6 min ago	8.90 bp	40.3 bp −$40	doesn't fit	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	+0.0041%	4h	19.017	−0.089%	$358K	$173K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.014	−0.105%	$484K	$225K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.032	−0.009%	$10K	$21K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.028	−0.032%	$5.0M	$10.2M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.049	+0.079%	$6.3M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.040	+0.032%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.004	−0.158%	$14.4M	$898K	125x	as long as short
KuCoin TRBUSDTMshort	+0.0100%	4h	19.043	+0.047%	$1.1M	$308K	50x
Bitget TRBUSDT	+0.0100%	4h	19.035	+0.005%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDTlong	+0.0100%	4h	19.034	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	+0.0100%	4h	19.086	+0.275%	$14K	$3K	—	as long as short
Gate TRB_USDT	+0.0200%	4h	19.050	+0.084%	$574K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1243%	1h	19.058	+0.124%	$101K	$98K	10x	as long as short