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

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.021%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.520% 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)−0.107%−$11 · spread now +0.021%, 7d avg +0.026%
Together, before fees−0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TRB_USDT19.0360.0100pay 0.0050% / 4h1h 50m$14.4M$897K125x
ShortHyperliquid TRB19.0400.0100get 0.0013% / 1h50m 59s$486K$225K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.021% → +0.026%
−$0.5
Slippage, 4 orders
−$38.97
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$52.48
Costs to cover
0.520%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 29 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 MEXC live order book, 2 min ago1.57 bp9.1 bp −$940.2 bp −$40263.8 bp −$6,383123.4 bp −$61.7K
Sell Hyperliquid live order book, 29 min ago2.87 bp21.2 bp −$21doesn't fitdoesn'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
BloFin TRB-USDT+0.0098%4h19.058+0.116%$359K$174K50xas long as short
Hyperliquid TRBshort+0.0100%1h19.040+0.021%$486K$225K3x
Aster TRBUSDT+0.0100%4h19.039+0.016%$9K$24K5xas long as short
Binance TRBUSDT+0.0100%4h19.032−0.021%$5.0M$10.2M50xas long as short
Bybit TRBUSDT+0.0100%4h19.081+0.236%$6.3M$1.9M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.050+0.074%$4.4M$4.6M20xas long as short
Gate TRB_USDT+0.0100%4h19.080+0.231%$539K$1.4M50xas long as short
MEXC TRB_USDTlong+0.0100%4h19.036long leg$14.4M$897K125x
KuCoin TRBUSDTM+0.0100%4h19.060+0.126%$1.1M$306K50xas long as short
Bitget TRBUSDT+0.0100%4h19.047+0.058%$1.1M$1.3M50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX TRB-USDT+0.0100%4h19.068+0.168%$16.5Mas long as short
Variational Omni TRB+0.0100%4h19.129+0.488%$14K$3Kas long as short
Kraken Futures PF_TRBUSD+0.1243%1h19.058+0.116%$102K$98K10xas long as short