Funding arb · Price arb /

TRIA

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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 0.000%

Price spread now: Bitget against Gate−0.150%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$596as in the Funding arb table

Net, price: spread back to 7d avg − costs−$609as in the Price arb table

costs, in and out, $10k−$5965.962% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.150%, 7d avg −0.019%

Together, before fees+0.136%+$14 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: Bitget is 0.131% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRIA_USDT	0.004010	0.0100	pay 0.0050% / 4h	2h 10m	$574K	$60K	20x
Short	Bitget TRIAUSDT	0.004004	0.0100	get 0.0050% / 4h	2h 10m	$2.2M	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.019%: −$13.05
Slippage, 4 orders: −$569.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$609.23
Costs to cover: 5.962%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; Bitget: 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 Gate live order book, 56 min ago	24.69 bp	238.0 bp −$238	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.25 bp	50.9 bp −$51	406.2 bp −$4,062	doesn't fit	doesn't fit

TRIA on 10 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	0.004013	+0.080%	$3.7M	$3.2M	50x	as long as short
Bybit TRIAUSDT	+0.0100%	4h	0.004013	+0.075%	$2.8M	$425K	25x	as long as short
Gate TRIA_USDTlong	+0.0100%	4h	0.004010	long leg	$574K	$60K	20x
Bitget TRIAUSDTshort	+0.0100%	4h	0.004004	−0.150%	$2.2M	$277K	20x
Extended TRIA-USD	+0.0104%	1h	0.004013	+0.074%	$3K	$170K	5x	as long as short
MEXC TRIA_USDT	+0.0216%	4h	0.004013	+0.075%	$975K	$288K	50x	as long as short
BingX TRIA-USDT	+0.0566%	4h	0.004013	+0.075%	—	$1.7M	—	as long as short
OKX TRIA-USDT-SWAP	+0.0574%	4h	0.004013	+0.075%	$468K	$898K	10x	as long as short
Aster TRIAUSDT	+0.0623%	4h	0.004009	−0.015%	$89K	$31K	5x	as long as short
KuCoin TRIAUSDTM	+0.0766%	4h	0.004026	+0.399%	$1.0M	$56K	20x	as long as short