TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.002%

Price spread now: BingX against BloFin+0.153%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.153%, 7d avg +0.079%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.074% dearer against BloFin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.079%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.004% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRB-USDT	18.985	0.0152	pay 0.0076% / 4h	2h 20m	$355K	$166K	50x
Short	BingX TRB-USDT	19.014	0.0100	get 0.0050% / 4h	2h 20m	—	$18.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$10.93
Price spread: +0.153% → +0.079%: $7.37
Slippage, 4 orders: −$51.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.96
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; BingX: 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 BloFin live order book, 61 min ago	3.11 bp	14.4 bp −$14	35.8 bp −$358	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.03 bp	21.8 bp −$22	60.5 bp −$605	264.1 bp −$26.4K	357.1 bp −$178.6K

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	19.025	+0.211%	$474K	$269K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	18.970	−0.080%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.007	+0.114%	$5.0M	$11.7M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.029	+0.232%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.040	+0.290%	$4.3M	$5.3M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	18.990	+0.026%	$588K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	18.988	+0.016%	$15.2M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	18.973	−0.063%	$1.1M	$332K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.012	+0.142%	$1.3M	$1.6M	50x	as long as short
BingX TRB-USDTshort	+0.0100%	4h	19.014	+0.153%	—	$18.2M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0100%	4h	18.987	+0.011%	$15K	$4K	—	as long as short
BloFin TRB-USDTlong	+0.0152%	4h	18.985	long leg	$355K	$166K	50x
Kraken Futures PF_TRBUSD	+0.1252%	1h	18.979	−0.031%	$102K	$51K	10x	as long as short