Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Bitget−0.084%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now −0.084%, 7d avg +0.011%
=Funding pays, the price is against you. Gate is 0.094% cheaper against Bitget than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.011%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRBUSDT | 19.126 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $1.2M | $1.3M | 50x |
| Short | Gate TRB_USDT | 19.110 | 0.0150 | get 0.0075% / 4h | 1h 44m | $574K | $1.5M | 50x |
Bitget TRBUSDT
Gate TRB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $10.5
- Price spread: −0.084% → +0.011%
- −$9.42
- Slippage, 4 orders
- −$55.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$81.14
- Costs to cover
- 0.822%
- Break-even
- 61.1 days
Slippage from Bitget: live order book, 2 min ago; Gate: 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 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 Gate live order book, 3 min ago | 5.24 bp | 15.0 bp −$15 | 30.3 bp −$303 | 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 | 19.128 | +0.010% | $487K | $226K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.096 | −0.158% | $10K | $21K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.121 | −0.026% | $5.0M | $10.2M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.156 | +0.157% | $6.3M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.140 | +0.073% | $4.5M | $4.6M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.127 | +0.005% | $14.5M | $897K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.100 | −0.136% | $1.1M | $308K | 50x | as long as short |
| Bitget TRBUSDTlong | +0.0100% | 4h | 19.126 | long leg | $1.2M | $1.3M | 50x | |
| BingX TRB-USDT | +0.0100% | 4h | 19.122 | −0.021% | — | $16.5M | — | as long as short |
| Variational Omni TRB | +0.0100% | 4h | 19.120 | −0.032% | $14K | $3K | — | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
BingX TRB-USDT
Variational Omni TRBShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TRB_USDTshort | +0.0150% | 4h | 19.110 | −0.084% | $574K | $1.5M | 50x | |
| BloFin TRB-USDT | +0.0156% | 4h | 19.091 | −0.183% | $359K | $174K | 50x | as long as short |
| Kraken Futures PF_TRBUSD | +0.1238% | 1h | 19.131 | +0.028% | $103K | $98K | 10x | as long as short |
BloFin TRB-USDT
Kraken Futures PF_TRBUSD