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

TRB

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SwapBacktest
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: Bitget against KuCoin−0.042%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1981.979% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.117%+$12 · spread now −0.042%, 7d avg +0.005%
Together, before fees+0.115%+$11 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: Bitget is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TRBUSDTM19.1870.0100pay 0.0050% / 4h3h 07m$1.2M$321K50x
ShortBitget TRBUSDT19.1790.0100get 0.0050% / 4h3h 07m$1.3M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.042% → +0.005%
−$4.72
Slippage, 4 orders
−$173.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$202.61
Costs to cover
1.979%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 4 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 KuCoin live order book, 2 min ago9.64 bp75.4 bp −$75doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago4.94 bp23.8 bp −$2460.2 bp −$602doesn'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 TRB+0.0100%1h19.173−0.073%$476K$263K3xas long as short
Aster TRBUSDT+0.0100%4h19.181−0.032%$9K$22K5xas long as short
Binance TRBUSDT+0.0100%4h19.179−0.044%$5.1M$11.1M50xas long as short
Bybit TRBUSDT+0.0100%4h19.191+0.021%$6.3M$2.1M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.190+0.016%$4.4M$5.2M20xas long as short
Gate TRB_USDT+0.0100%4h19.170−0.089%$578K$2.0M50xas long as short
MEXC TRB_USDT+0.0100%4h19.177−0.052%$15.4M$1.0M125xas long as short
KuCoin TRBUSDTMlong+0.0100%4h19.187long leg$1.2M$321K50x
Bitget TRBUSDTshort+0.0100%4h19.179−0.042%$1.3M$1.5M50x
BingX TRB-USDT+0.0100%4h19.164−0.120%$18.2Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0100%4h19.226+0.206%$15K$4Kas long as short
BloFin TRB-USDT+0.0101%4h19.158−0.151%$301K$171K50xas long as short
Kraken Futures PF_TRBUSD+0.1009%1h19.199+0.063%$102K$99K10xas long as short