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Funding arb · Price arb /

TRUST

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.3513%/8h= −384.7% APRpaid last 24h −0.909%
Price spread now: Gate against Bybit+0.769%7-day average +0.322% · you sell dearer than you buy
Net, funding: paid 7d − costs−$665as in the Funding arb table
Net, price: spread back to 7d avg − costs−$514as in the Price arb table
costs, in and out, $10k−$5595.589% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−1.062%−$106 on $10k
Price spread, last 4 days (all we have)−0.601%−$60 · spread now +0.769%, 7d avg +0.322%
Together, before fees−1.663%−$166 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.448% dearer against Bybit than usual: you sell high and buy low (spread +0.769% now, against its 7-day average of +0.322%): +$45 on $10k if it goes back. Holding the pair costs −$105 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−1.062% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.062% in total (about -55.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TRUSTUSDT0.059810.3613pay 0.1807% / 4h34m 24s$501K$217K25x
ShortGate TRUST_USDT0.060270.0100get 0.0100% / 8h34m 24s$493K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$737.81
Price spread: +0.769% → +0.322%
$44.76
Slippage, 4 orders
−$532.9
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,251.95
Costs to cover
5.589%
Break-even
never at this rate
Slippage from Bybit: live order book, 36 min ago; Gate: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 36 min ago7.52 bp76.0 bp −$76doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 41 min ago23.21 bp214.6 bp −$215doesn't fitdoesn't fitdoesn't fit

TRUST on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TRUST-USDT-SWAP+0.0100%4h0.06014+0.552%$106K$117K10xas long as short
Gate TRUST_USDTshort+0.0100%8h0.06027+0.769%$493K$21K10x
KuCoin TRUSTUSDTM+0.0100%4h0.06006+0.418%$284K$725K10xas long as short
Bitget TRUSTUSDT+0.0100%4h0.06021+0.669%$646K$57K10xas long as short
Binance TRUSTUSDT+0.0262%4h0.06006+0.418%$1.6M$1.1M10xas long as short
MEXC TRUST_USDT+0.0262%4h0.06006+0.418%$193K$96K50xas long as short
Aster TRUSTUSDT+0.0334%4h0.06007+0.434%$10K$6K5xas long as short
BingX TRUST-USDT+0.3500%4h0.06002+0.351%—$6.5M—as long as short
Bybit TRUSTUSDTlong+0.3613%4h0.05981long leg$501K$217K25x
Variational Omni TRUST+0.4406%4h0.05998+0.281%$55K$409—as long as short