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: Binance against Bitget−0.008%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.058%−$6 · spread now −0.008%, 7d avg −0.075%

Together, before fees−0.073%−$7 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: Binance is 0.067% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRBUSDT	19.113	0.0100	pay 0.0050% / 4h	1h 44m	$1.2M	$1.3M	50x
Short	Binance TRBUSDT	19.111	0.0100	get 0.0050% / 4h	1h 44m	$5.0M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.075%: $6.66
Slippage, 4 orders: −$64.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.37
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 11 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 Bitget live order book, 2 min ago	3.93 bp	22.5 bp −$22	97.4 bp −$974	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.31 bp	18.8 bp −$19	55.2 bp −$552	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	19.124	+0.058%	$487K	$226K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.081	−0.168%	$10K	$21K	5x	as long as short
Binance TRBUSDTshort	+0.0100%	4h	19.111	−0.008%	$5.0M	$10.2M	50x
Bybit TRBUSDT	+0.0100%	4h	19.155	+0.220%	$6.3M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.140	+0.141%	$4.5M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.111	−0.010%	$14.5M	$897K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.120	+0.037%	$1.1M	$304K	50x	as long as short
Bitget TRBUSDTlong	+0.0100%	4h	19.113	long leg	$1.2M	$1.3M	50x
BingX TRB-USDT	+0.0100%	4h	19.127	+0.073%	—	$16.5M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.120	+0.036%	$14K	$3K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRB_USDT	+0.0150%	4h	19.110	−0.016%	$574K	$1.5M	50x	as long as short
BloFin TRB-USDT	+0.0156%	4h	19.091	−0.115%	$359K	$174K	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1238%	1h	19.131	+0.096%	$103K	$98K	10x	as long as short