TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0386%/8h= −42.3% APRnext payment −$1.93 per $10,000 · paid last 24h −0.019%

Price spread now: OKX against Gate+0.259%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.377%−$38 · spread now +0.259%, 7d avg −0.044%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.302% dearer against Gate than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of −0.044%): +$30 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.035% in total) that is about 60 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.93 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	19.320	0.0486	pay 0.0243% / 4h	3h 16m	$604K	$1.5M	50x
Short	OKX TRB-USDT-SWAP	19.370	0.0100	get 0.0050% / 4h	3h 16m	$4.5M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.259%Rate

Funding earned: −$81.06
Price spread: +0.259% → −0.044%: $30.23
Slippage, 4 orders: −$41.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$117.65
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: 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	7.76 bp	15.3 bp −$15	31.3 bp −$313	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.59 bp	18.3 bp −$18	89.4 bp −$894	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	19.335	+0.078%	$485K	$227K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.265	−0.283%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.354	+0.176%	$5.1M	$10.2M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.396	+0.393%	$6.4M	$2.0M	50x	as long as short
OKX TRB-USDT-SWAPshort	+0.0100%	4h	19.370	+0.259%	$4.5M	$4.8M	20x
MEXC TRB_USDT	+0.0100%	4h	19.359	+0.202%	$14.9M	$953K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.358	+0.197%	$1.2M	$308K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.358	+0.197%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.342	+0.114%	—	$16.4M	—	as long as short
BloFin TRB-USDT	+0.0139%	4h	19.290	−0.155%	$363K	$171K	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	+0.0341%	4h	19.353	+0.171%	$15K	$4K	—	as long as short
Gate TRB_USDTlong	+0.0486%	4h	19.320	long leg	$604K	$1.5M	50x
Kraken Futures PF_TRBUSD	+0.2129%	1h	19.381	+0.316%	$103K	$99K	10x	as long as short