Funding arb · Price arb /

TRIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.028%

Price spread now: Extended against Bybit−0.126%7-day average +0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$879as in the Funding arb table

Net, price: spread back to 7d avg − costs−$901as in the Price arb table

costs, in and out, $10k−$8778.766% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.126%, 7d avg +0.115%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Extended is 0.241% cheaper against Bybit than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.115%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRIAUSDT	0.004058	0.0548	pay 0.0274% / 4h	27m 04s	$2.8M	$411K	25x
Short	Extended TRIA-USD	0.004053	0.0104	get 0.0013% / 1h	27m 04s	$2K	$171K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$93.23
Price spread: −0.126% → +0.115%: −$24.1
Slippage, 4 orders: −$860.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$993.95
Costs to cover: 8.766%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 29 min ago.

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 Bybit live order book, 5 min ago	8.65 bp	462.9 bp −$463	4725.0 bp −$47.2K	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	3.75 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit

TRIA on 11 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
Binance TRIAUSDT	+0.0100%	4h	0.004066	+0.193%	$3.7M	$3.0M	50x	as long as short
Gate TRIA_USDT	+0.0100%	4h	0.004050	−0.197%	$580K	$52K	20x	as long as short
Bitget TRIAUSDT	+0.0100%	4h	0.004059	+0.025%	$2.3M	$255K	20x	as long as short
Extended TRIA-USDshort	+0.0104%	1h	0.004053	−0.126%	$2K	$171K	5x
MEXC TRIA_USDT	+0.0276%	4h	0.004060	+0.049%	$971K	$292K	50x	as long as short
BloFin TRIA-USDT	+0.0503%	4h	0.004051	−0.172%	$177K	$10K	25x	as long as short
OKX TRIA-USDT-SWAP	+0.0508%	4h	0.004070	+0.296%	$480K	$903K	10x	as long as short
BingX TRIA-USDT	+0.0514%	4h	0.004065	+0.172%	—	$1.7M	—	as long as short
Aster TRIAUSDT	+0.0528%	4h	0.004048	−0.258%	$91K	$31K	5x	as long as short
KuCoin TRIAUSDTM	+0.0528%	4h	0.004070	+0.296%	$1.0M	$56K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRIAUSDTlong	+0.0548%	4h	0.004058	long leg	$2.8M	$411K	25x