TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Bybit−0.010%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.542%−$54 · spread now −0.010%, 7d avg −0.143%

Together, before fees−0.558%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.133% dearer against Bybit than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.143%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days. At the pace of the last 7 days (−0.016% in total) that is about 58 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRBUSDT	19.452	0.0100	pay 0.0050% / 4h	1h 14m	$6.4M	$2.1M	50x
Short	BloFin TRB-USDT	19.450	0.0050	get 0.0025% / 4h	1h 14m	$372K	$160K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.55
Price spread: −0.010% → −0.143%: $13.26
Slippage, 4 orders: −$61.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$82.22
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 22 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 Bybit live order book, 3 min ago	3.07 bp	27.8 bp −$28	123.6 bp −$1,236	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	1.03 bp	21.0 bp −$21	48.2 bp −$482	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-USDTshort	+0.0050%	4h	19.450	−0.010%	$372K	$160K	50x
Hyperliquid TRB	+0.0100%	1h	19.435	−0.087%	$493K	$252K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.437	−0.078%	$10K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.423	−0.149%	$5.2M	$10.7M	50x	as long as short
Bybit TRBUSDTlong	+0.0100%	4h	19.452	long leg	$6.4M	$2.1M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.420	−0.165%	$4.5M	$5.0M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.415	−0.190%	$15.4M	$1.0M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.447	−0.026%	$1.2M	$310K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.450	−0.010%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.432	−0.103%	—	$16.2M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0197%	4h	19.558	+0.543%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0594%	4h	19.450	−0.010%	$620K	$1.8M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1267%	1h	19.480	+0.145%	$104K	$99K	10x	as long as short