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

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX−0.124%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2802.797% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.124%, 7d avg +0.025%
Together, before fees+0.192%+$19 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: KuCoin is 0.149% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TRB-USDT-SWAP19.4100.0100pay 0.0050% / 4h2h 04m$4.5M$4.9M20x
ShortKuCoin TRBUSDTM19.3860.0100get 0.0050% / 4h2h 04m$1.2M$308K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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: −0.124% → +0.025%
−$14.9
Slippage, 4 orders
−$257.7
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$294.6
Costs to cover
2.797%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 5 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 OKX live order book, 3 min ago2.58 bp18.8 bp −$19112.1 bp −$1,121doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago8.27 bp53.1 bp −$53doesn't fitdoesn't fitdoesn't fit

TRB on 12 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%1h19.418+0.041%$502K$241K3xas long as short
Aster TRBUSDT+0.0100%4h19.366−0.226%$9K$20K5xas long as short
Binance TRBUSDT+0.0100%4h19.377−0.172%$5.2M$10.5M50xas long as short
Bybit TRBUSDT+0.0100%4h19.415+0.026%$6.4M$2.0M50xas long as short
OKX TRB-USDT-SWAPlong+0.0100%4h19.410long leg$4.5M$4.9M20x
MEXC TRB_USDT+0.0100%4h19.374−0.185%$15.2M$1.0M125xas long as short
KuCoin TRBUSDTMshort+0.0100%4h19.386−0.124%$1.2M$308K50x
Bitget TRBUSDT+0.0100%4h19.401−0.046%$1.3M$1.4M50xas long as short
BingX TRB-USDT+0.0100%4h19.398−0.062%$16.3Mas long as short
Variational Omni TRB+0.0397%4h19.399−0.059%$15K$4Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TRB_USDT+0.1018%4h19.390−0.103%$614K$1.7M50xas long as short
Kraken Futures PF_TRBUSD+0.1452%1h19.404−0.029%$103K$99K10xas long as short