Funding arb · Price arb /

TRB

all TRB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bybit+0.016%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2322.319% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.016%, 7d avg −0.050%

Together, before fees+0.008%+$1 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 0.066% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRBUSDT	19.023	0.0100	pay 0.0050% / 4h	1h 28m	$6.2M	$1.9M	50x
Short	KuCoin TRBUSDTM	19.026	0.0100	get 0.0050% / 4h	1h 28m	$1.1M	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.050%: $6.57
Slippage, 4 orders: −$208.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$225.37
Costs to cover: 2.319%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 1 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, 4 min ago	3.94 bp	31.4 bp −$31	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.41 bp	62.9 bp −$63	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	+0.0084%	4h	19.003	−0.105%	$359K	$173K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.032	+0.045%	$482K	$228K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.019	−0.023%	$9K	$21K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.031	+0.042%	$5.0M	$10.2M	50x	as long as short
Bybit TRBUSDTlong	+0.0100%	4h	19.023	long leg	$6.2M	$1.9M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.050	+0.142%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.031	+0.042%	$14.4M	$904K	125x	as long as short
KuCoin TRBUSDTMshort	+0.0100%	4h	19.026	+0.016%	$1.1M	$308K	50x
Bitget TRBUSDT	+0.0100%	4h	19.020	−0.016%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.021	−0.011%	—	$16.5M	—	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	+0.0100%	4h	19.036	+0.066%	$14K	$3K	—	as long as short
Gate TRB_USDT	+0.0180%	4h	19.020	−0.016%	$574K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1245%	1h	19.035	+0.061%	$101K	$98K	10x	as long as short