TRB

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HyperliquidTRB	15.696	−0.0219	get 0.0027% / 1h	8m 56s	$497K	$103K	3x	Long Hyperliquid4% off
SHORT	BybitTRBUSDT	15.745	+0.0100	get 0.0050% / 4h	2h 08m	$4.8M	$899K	50x	Short Bybit

Price gap+0.312%

Funding gap+0.0319% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.058% above its 7d average: +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$8+0.0319% /8h now · paid +0.078% over the last 7D

Price+$6spread +0.312% now, avg +0.255% → +0.058% if it goes back

Costs−$1151.147% of $10k · taker + slippage, in and out

Result−$101−1.01%+ Points / potential airdropHyperliquid: Season 2 · farm board

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.078% in total, about +0.0037%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.312%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TRB on 13 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size31.5 / 23.0 bp
At $10k entering Hyperliquid costs 31.5 bp, fee and slippage, 1.4× Bybit’s.
Note: Margin at max leverage$3,333 + $200
Hyperliquid 3x, Bybit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$9.58Long Hyperliquid: 24 payments, +$6.58; short Bybit: 6 payments, +$3.00.
OK: Entry gap works for you+0.312% vs +0.255%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$497K vs $4.8M OI
Hyperliquid sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2
Volume here counts toward the points program.
Watch: KYCHyperliquid No · Bybit Yes
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0037%/8h × 21 periods+$7.84

Price spread+0.312% → +0.255% (7d avg)+$5.76

Slippage, 4 orderslive order books−$94.73

Fee Hyperliquid bp × 2 orders−$9.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$101.12

Costs to cover1.147%Break-even97.2 days

Slippage: Hyperliquid: live order book, 44 min ago; Bybit: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHyperliquid3.5031.5 bp−$32doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit0.9523.0 bp−$2358.6 bp−$586doesn’t fitdoesn’t fit

Closing costs about the same again.

TRB