Funding you earn now, next payment 00:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.33 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Bybit−0.094%7-day average −0.056% · 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−$88as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.094%, 7d avg −0.056%
=Funding pays, the price is against you. Gate is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 46 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRBUSDT | 19.108 | 0.0100 | pay 0.0050% / 4h | 32m 13s | $6.3M | $1.9M | 50x |
| Short | Gate TRB_USDT | 19.090 | 0.0166 | get 0.0083% / 4h | 32m 13s | $592K | $1.5M | 50x |
Bybit TRBUSDT
Gate TRB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $13.86
- Price spread: −0.094% → −0.056%
- −$3.83
- Slippage, 4 orders
- −$58.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.98
- Costs to cover
- 0.840%
- Break-even
- 44.4 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, just now.
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, 1 min ago | 3.40 bp | 31.7 bp −$32 | 181.4 bp −$1,814 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 5.24 bp | 14.2 bp −$14 | 23.2 bp −$232 | 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 | 19.078 | −0.157% | $480K | $229K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.080 | −0.149% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.071 | −0.195% | $5.0M | $10.2M | 50x | as long as short |
| Bybit TRBUSDTlong | +0.0100% | 4h | 19.108 | long leg | $6.3M | $1.9M | 50x | |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.100 | −0.042% | $4.4M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.072 | −0.188% | $14.5M | $918K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.084 | −0.126% | $1.1M | $302K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.084 | −0.126% | $1.2M | $1.3M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.090 | −0.094% | — | $16.5M | — | as long as short |
| BloFin TRB-USDT | +0.0138% | 4h | 19.065 | −0.225% | $360K | $172K | 50x | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDT
BloFin TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0139% | 4h | 19.089 | −0.098% | $15K | $4K | — | as long as short |
| Gate TRB_USDTshort | +0.0166% | 4h | 19.090 | −0.094% | $592K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1140% | 1h | 19.145 | +0.195% | $102K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD