Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin+0.042%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2262.260% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.042%, 7d avg −0.005%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRBUSDTM	19.135	0.0100	pay 0.0050% / 4h	1h 34m	$1.2M	$333K	50x
Short	BingX TRB-USDT	19.143	0.0100	get 0.0050% / 4h	1h 34m	—	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.005%: $4.64
Slippage, 4 orders: −$204
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$221.36
Costs to cover: 2.260%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; BingX: live order book, 9 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 KuCoin live order book, 11 min ago	10.94 bp	79.8 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.43 bp	21.0 bp −$21	56.0 bp −$560	254.4 bp −$25.4K	322.8 bp −$161.4K

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	19.132	−0.016%	$475K	$274K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.107	−0.148%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.122	−0.068%	$5.0M	$11.8M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.138	+0.016%	$6.3M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.130	−0.026%	$4.3M	$5.3M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	19.150	+0.078%	$569K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.115	−0.105%	$15.4M	$1.1M	125x	as long as short
KuCoin TRBUSDTMlong	+0.0100%	4h	19.135	long leg	$1.2M	$333K	50x
Bitget TRBUSDT	+0.0100%	4h	19.130	−0.026%	$1.3M	$1.6M	50x	as long as short
BingX TRB-USDTshort	+0.0100%	4h	19.143	+0.042%	—	$5.1M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0100%	4h	19.173	+0.199%	$15K	$4K	—	as long as short
BloFin TRB-USDT	+0.0150%	4h	19.125	−0.052%	$355K	$167K	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1565%	1h	19.154	+0.099%	$103K	$51K	10x	as long as short