Funding arb · Price arb /

TRUST

all TRUST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.078%

Price spread now: KuCoin against Binance+0.157%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,623as in the Price arb table

costs, in and out, $10k−$1,63716.374% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.157%, 7d avg +0.016%

Together, before fees−0.368%−$37 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: KuCoin is 0.141% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUSTUSDT	0.06184	0.0100	pay 0.0050% / 4h	3h 31m	$1.7M	$2.0M	10x
Short	KuCoin TRUSTUSDTM	0.06194	0.0100	get 0.0050% / 4h	2h 31m	$302K	$736K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → +0.016%: $14.06
Slippage, 4 orders: −$1,615.42
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,623.36
Costs to cover: 16.374%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 48 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 Binance live order book, 3 min ago	1.62 bp	41.5 bp −$42	147.9 bp −$1,479	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	23.48 bp	688.9 bp −$689	doesn't fit	doesn't fit	doesn't fit

TRUST 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 TRUSTUSDTlong	+0.0100%	4h	0.06184	long leg	$1.7M	$2.0M	10x
OKX TRUST-USDT-SWAP	+0.0100%	4h	0.06183	−0.021%	$112K	$297K	10x	as long as short
Gate TRUST_USDT	+0.0100%	8h	0.06184	−0.005%	$505K	$28K	10x	as long as short
MEXC TRUST_USDT	+0.0100%	4h	0.06184	−0.005%	$215K	$103K	50x	as long as short
KuCoin TRUSTUSDTMshort	+0.0100%	4h	0.06194	+0.157%	$302K	$736K	10x
Bitget TRUSTUSDT	+0.0100%	4h	0.06201	+0.270%	$675K	$70K	10x	as long as short
Aster TRUSTUSDT	+0.0125%	4h	0.06180	−0.070%	$10K	$7K	5x	as long as short
Bybit TRUSTUSDT	+0.1025%	4h	0.06169	−0.248%	$545K	$443K	25x	as long as short
BingX TRUST-USDT	+0.1382%	4h	0.06185	+0.011%	—	$6.5M	—	as long as short
Variational Omni TRUST	+0.2378%	4h	0.06174	−0.160%	$56K	$408	—	as long as short