Funding arb · Price arb /

TRIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.050%

Price spread now: BingX against Extended−0.001%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2642.638% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.001%, 7d avg −0.033%

Together, before fees+0.346%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.032% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% 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	Extended TRIA-USD	0.004081	0.0104	pay 0.0013% / 1h	59m 36s	$871	$209K	5x
Short	BingX TRIA-USDT	0.004081	0.0384	get 0.0192% / 4h	1h 59m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $58.8
Price spread: −0.001% → −0.033%: $3.21
Slippage, 4 orders: −$248.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$201.76
Costs to cover: 2.638%
Break-even: 31.0 days

Slippage from Extended: live order book, 47 min ago; BingX: live order book, 2 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 Extended live order book, 47 min ago	4.89 bp	107.5 bp −$108	621.8 bp −$6,218	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.89 bp	47.6 bp −$48	157.4 bp −$1,574	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	0.004082	+0.027%	$3.8M	$2.9M	50x	as long as short
Gate TRIA_USDT	+0.0100%	4h	0.004080	−0.025%	$586K	$46K	20x	as long as short
Extended TRIA-USDlong	+0.0104%	1h	0.004081	long leg	$871	$209K	5x
KuCoin TRIAUSDTM	+0.0192%	4h	0.004097	+0.391%	$1.0M	$55K	20x	as long as short
Bitget TRIAUSDT	+0.0206%	4h	0.004076	−0.123%	$2.3M	$220K	20x	as long as short
Bybit TRIAUSDT	+0.0257%	4h	0.004076	−0.123%	$2.8M	$411K	25x	as long as short
MEXC TRIA_USDT	+0.0276%	4h	0.004086	+0.122%	$945K	$269K	50x	as long as short
BloFin TRIA-USDT	+0.0321%	4h	0.004089	+0.195%	$178K	$10K	25x	as long as short
OKX TRIA-USDT-SWAP	+0.0367%	4h	0.004087	+0.146%	$488K	$881K	10x	as long as short
BingX TRIA-USDTshort	+0.0384%	4h	0.004081	−0.001%	—	$1.7M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRIAUSDT	+0.0458%	4h	0.004077	−0.100%	$91K	$31K	5x	as long as short