Funding arb · Price arb /

TRB

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Swap Backtest

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 −0.006%

Price spread now: OKX against Variational Omni+0.366%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 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: OKX is 0.366% dearer against Variational Omni than usual: you sell high and buy low, +$37 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	19.250	0.0100	pay 0.0050% / 4h	1m 21s	$15K	$4K	—
Short	OKX TRB-USDT-SWAP	19.320	0.0100	get 0.0050% / 4h	1m 21s	$4.5M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.366%Rate

Funding earned: $0
Price spread: +0.366% → 0.000%: $36.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $26.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	2.59 bp	21.6 bp −$22	78.7 bp −$787	doesn't fit	doesn't fit

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	19.324	+0.386%	$483K	$260K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.313	+0.331%	$10K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.317	+0.350%	$5.2M	$11.0M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.329	+0.412%	$6.3M	$2.1M	50x	as long as short
OKX TRB-USDT-SWAPshort	+0.0100%	4h	19.320	+0.366%	$4.5M	$5.2M	20x
MEXC TRB_USDT	+0.0100%	4h	19.318	+0.355%	$15.5M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.333	+0.433%	$1.2M	$316K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.319	+0.360%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.320	+0.366%	—	$16.2M	—	as long as short
Variational Omni TRBlong	+0.0100%	4h	19.250	long leg	$15K	$4K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TRB-USDT	+0.0125%	4h	19.310	+0.314%	$368K	$172K	50x	as long as short
Gate TRB_USDT	+0.0244%	4h	19.330	+0.418%	$569K	$2.0M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1096%	1h	19.338	+0.461%	$103K	$99K	10x	as long as short