Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.85 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against Gate−0.078%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days+0.134%+$13 · spread now −0.078%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.134% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRB_USDT | 19.130 | 0.0270 | pay 0.0135% / 4h | 11m 28s | $591K | $1.5M | 50x |
| Short | Bybit TRBUSDT | 19.115 | 0.0100 | get 0.0050% / 4h | 11m 28s | $6.3M | $1.9M | 50x |
Gate TRB_USDT
Bybit TRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$35.7
- Price spread: −0.078% → +0.056%
- −$13.43
- Slippage, 4 orders
- −$58.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.73
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago | 5.22 bp | 12.7 bp −$13 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.40 bp | 30.2 bp −$30 | 97.2 bp −$972 | 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 | 19.105 | −0.131% | $481K | $229K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.102 | −0.145% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.099 | −0.161% | $5.1M | $10.2M | 50x | as long as short |
| Bybit TRBUSDTshort | +0.0100% | 4h | 19.115 | −0.078% | $6.3M | $1.9M | 50x | |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.110 | −0.105% | $4.4M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.102 | −0.146% | $14.6M | $921K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.117 | −0.068% | $1.1M | $303K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.092 | −0.199% | $1.2M | $1.3M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.104 | −0.136% | — | $16.4M | — | as long as short |
| BloFin TRB-USDT | +0.0153% | 4h | 19.099 | −0.162% | $358K | $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 | +0.0154% | 4h | 19.147 | +0.087% | $15K | $4K | — | as long as short |
| Gate TRB_USDTlong | +0.0270% | 4h | 19.130 | long leg | $591K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1141% | 1h | 19.133 | +0.018% | $102K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD