Funding you earn now, next payment 04:00 UTC−0.0354%/8h= −38.8% APRnext payment −$1.77 per $10,000 · paid last 24h −0.019%
Price spread now: BingX against Gate−0.057%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.057%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.034% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.77 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 | 19.360 | 0.0454 | pay 0.0227% / 4h | 3h 19m | $608K | $1.5M | 50x |
| Short | BingX TRB-USDT | 19.349 | 0.0100 | get 0.0050% / 4h | 3h 19m | — | $16.4M | — |
Gate TRB_USDT
BingX TRB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$74.34
- Price spread: −0.057% → −0.023%
- −$3.43
- Slippage, 4 orders
- −$46.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$148.97
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago | 7.74 bp | 15.2 bp −$15 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.42 bp | 18.2 bp −$18 | 51.2 bp −$512 | 275.8 bp −$27.6K | 354.1 bp −$177.0K |
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 | 19.333 | −0.139% | $485K | $227K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.328 | −0.166% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.333 | −0.139% | $5.1M | $10.2M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.349 | −0.057% | $6.4M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.330 | −0.155% | $4.5M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.320 | −0.207% | $14.9M | $950K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.345 | −0.077% | $1.2M | $305K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.343 | −0.088% | $1.3M | $1.4M | 50x | as long as short |
| BingX TRB-USDTshort | +0.0100% | 4h | 19.349 | −0.057% | — | $16.4M | — | |
| BloFin TRB-USDT | +0.0105% | 4h | 19.332 | −0.145% | $364K | $172K | 50x | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BloFin TRB-USDTShow 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 | +0.079% | $15K | $4K | — | as long as short |
| Gate TRB_USDTlong | +0.0454% | 4h | 19.360 | long leg | $608K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.2129% | 1h | 19.388 | +0.143% | $103K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD