TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.019%

Price spread now: Binance against Gate−0.201%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.123%+$12 · spread now −0.201%, 7d avg −0.087%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.115% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.087%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRB_USDT	19.370	0.0502	pay 0.0251% / 4h	3h 20m	$608K	$1.5M	50x
Short	Binance TRBUSDT	19.331	0.0100	get 0.0050% / 4h	3h 20m	$5.1M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.201%Rate

Funding earned: −$84.42
Price spread: −0.201% → −0.087%: −$11.48
Slippage, 4 orders: −$39.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$160.34
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago	7.74 bp	15.2 bp −$15	30.0 bp −$300	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.07 bp	17.5 bp −$18	57.6 bp −$576	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	19.342	−0.145%	$485K	$227K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.337	−0.169%	$9K	$20K	5x	as long as short
Binance TRBUSDTshort	+0.0100%	4h	19.331	−0.201%	$5.1M	$10.2M	50x
Bybit TRBUSDT	+0.0100%	4h	19.371	+0.005%	$6.4M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.360	−0.052%	$4.5M	$4.7M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.329	−0.212%	$14.9M	$950K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.348	−0.114%	$1.2M	$305K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.355	−0.077%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.354	−0.083%	—	$16.4M	—	as long as short
BloFin TRB-USDT	+0.0105%	4h	19.332	−0.196%	$364K	$172K	50x	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	+0.0325%	4h	19.375	+0.027%	$15K	$4K	—	as long as short
Gate TRB_USDTlong	+0.0502%	4h	19.370	long leg	$608K	$1.5M	50x
Kraken Futures PF_TRBUSD	+0.2129%	1h	19.388	+0.092%	$103K	$99K	10x	as long as short