Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.031%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2572.571% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.042%−$4 · spread now −0.031%, 7d avg −0.004%

Together, before fees−0.040%−$4 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 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRBUSDT	19.130	0.0100	pay 0.0050% / 4h	0m 12s	$1.3M	$1.6M	50x
Short	KuCoin TRBUSDTM	19.124	0.0100	get 0.0050% / 4h	0m 12s	$1.2M	$332K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.004%: −$2.75
Slippage, 4 orders: −$233.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$259.86
Costs to cover: 2.571%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	6.52 bp	23.1 bp −$23	49.7 bp −$497	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.15 bp	126.3 bp −$126	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	+0.0079%	4h	19.121	−0.047%	$353K	$167K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.134	+0.021%	$475K	$273K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.106	−0.127%	$6K	$26K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.114	−0.086%	$5.0M	$11.9M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.142	+0.063%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.120	−0.052%	$4.4M	$5.3M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	19.120	−0.052%	$559K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.114	−0.084%	$15.6M	$1.1M	125x	as long as short
KuCoin TRBUSDTMshort	+0.0100%	4h	19.124	−0.031%	$1.2M	$332K	50x
Bitget TRBUSDTlong	+0.0100%	4h	19.130	long leg	$1.3M	$1.6M	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TRB-USDT	+0.0100%	4h	19.122	−0.042%	—	$5.0M	—	as long as short
Variational Omni TRB	+0.0112%	4h	19.145	+0.078%	$15K	$16K	—	as long as short
Kraken Futures PF_TRBUSD	+0.1735%	1h	19.218	+0.458%	$103K	$51K	10x	as long as short