Settings8H · net · $10k
Funding arb · Price arb /

TRB

all TRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.027%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$810.811% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.027%, 7d avg −0.032%
Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TRB19.3790.0100pay 0.0013% / 1h56m 11s$491K$253K3x
ShortBinance TRBUSDT19.3740.0100get 0.0050% / 4h56m 11s$5.2M$10.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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

Funding earned
$0
Price spread: −0.027% → −0.032%
$0.47
Slippage, 4 orders
−$62.06
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$80.59
Costs to cover
0.811%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 43 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 43 min ago2.32 bp22.3 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.52 bp16.6 bp −$1751.2 bp −$512doesn't fitdoesn't fit

TRB on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TRBlong+0.0100%1h19.379long leg$491K$253K3x
Aster TRBUSDT+0.0100%4h19.341−0.196%$10K$20K5xas long as short
Binance TRBUSDTshort+0.0100%4h19.374−0.027%$5.2M$10.7M50x
Bybit TRBUSDT+0.0100%4h19.408+0.150%$6.4M$2.1M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.370−0.046%$4.5M$5.0M20xas long as short
MEXC TRB_USDT+0.0100%4h19.378−0.005%$15.4M$1.0M125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.3790.000%$1.2M$310K50xas long as short
Bitget TRBUSDT+0.0100%4h19.390+0.057%$1.3M$1.5M50xas long as short
BingX TRB-USDT+0.0100%4h19.364−0.077%$16.2Mas long as short
BloFin TRB-USDT+0.0131%4h19.234−0.748%$372K$172K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0167%4h19.309−0.364%$15K$4Kas long as short
Gate TRB_USDT+0.0374%4h19.360−0.098%$600K$1.8M50xas long as short
Kraken Futures PF_TRBUSD+0.1091%1h19.423+0.225%$103K$99K10xas long as short