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 −0.006%

Price spread now: BingX against Variational Omni−0.151%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.151% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRB	19.285	0.0100	pay 0.0050% / 4h	3h 13m	$15K	$4K	—
Short	BingX TRB-USDT	19.256	0.0100	get 0.0050% / 4h	3h 13m	—	$18.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → 0.000%: −$15.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	0.26 bp	33.6 bp −$34	71.6 bp −$716	251.0 bp −$25.1K	314.4 bp −$157.2K

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	19.251	−0.177%	$478K	$264K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.256	−0.153%	$9K	$22K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.239	−0.241%	$5.1M	$11.1M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.258	−0.141%	$6.3M	$2.1M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.250	−0.182%	$4.4M	$5.2M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	19.260	−0.130%	$575K	$2.0M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.239	−0.239%	$15.5M	$1.0M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.270	−0.078%	$1.2M	$321K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.262	−0.120%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDTshort	+0.0100%	4h	19.256	−0.151%	—	$18.1M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRBlong	+0.0100%	4h	19.285	long leg	$15K	$4K	—
BloFin TRB-USDT	+0.0150%	4h	19.241	−0.229%	$364K	$172K	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1006%	1h	19.253	−0.167%	$102K	$99K	10x	as long as short