Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.021%
Price spread now: Bybit against OKX−0.220%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$725as in the Funding arb table
Net, price: spread back to 7d avg − costs−$731as in the Price arb table
costs, in and out, $10k−$7227.217% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.220%, 7d avg −0.130%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.091% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.130%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRIA-USDT-SWAP | 0.004085 | 0.0367 | pay 0.0184% / 4h | 1h 59m | $489K | $880K | 10x |
| Short | Bybit TRIAUSDT | 0.004076 | 0.0257 | get 0.0129% / 4h | 1h 59m | $2.8M | $411K | 25x |
OKX TRIA-USDT-SWAP
Bybit TRIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.1
- Price spread: −0.220% → −0.130%
- −$9.07
- Slippage, 4 orders
- −$700.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$753.91
- Costs to cover
- 7.217%
- Break-even
- never at this rate
Slippage from OKX: live order book, 47 min ago; Bybit: live order book, 3 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 OKX live order book, 47 min ago | 2.44 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.68 bp | 274.3 bp −$274 | 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 | 0.004085 | +0.006% | $3.8M | $2.9M | 50x | as long as short |
| Gate TRIA_USDT | +0.0100% | 4h | 0.004080 | −0.122% | $586K | $46K | 20x | as long as short |
| Extended TRIA-USD | +0.0104% | 1h | 0.004081 | −0.097% | $871 | $209K | 5x | as long as short |
| KuCoin TRIAUSDTM | +0.0186% | 4h | 0.004097 | +0.294% | $1.0M | $55K | 20x | as long as short |
| Bitget TRIAUSDT | +0.0206% | 4h | 0.004079 | −0.147% | $2.3M | $220K | 20x | as long as short |
| Bybit TRIAUSDTshort | +0.0257% | 4h | 0.004076 | −0.220% | $2.8M | $411K | 25x | |
| MEXC TRIA_USDT | +0.0276% | 4h | 0.004087 | +0.049% | $945K | $269K | 50x | as long as short |
| BloFin TRIA-USDT | +0.0321% | 4h | 0.004089 | +0.098% | $178K | $10K | 25x | as long as short |
| OKX TRIA-USDT-SWAPlong | +0.0367% | 4h | 0.004085 | long leg | $489K | $880K | 10x | |
| BingX TRIA-USDT | +0.0384% | 4h | 0.004081 | −0.098% | — | $1.7M | — | as long as short |
Binance TRIAUSDT
Gate TRIA_USDT
Extended TRIA-USD
KuCoin TRIAUSDTM
Bitget TRIAUSDT
MEXC TRIA_USDT
BloFin TRIA-USDT
BingX TRIA-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRIAUSDT | +0.0458% | 4h | 0.004078 | −0.165% | $91K | $31K | 5x | as long as short |
Aster TRIAUSDT