Funding arb · Price arb /

TRUST

all TRUST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate−0.033%7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs−$950as in the Funding arb table

Net, price: spread back to 7d avg − costs−$926as in the Price arb table

costs, in and out, $10k−$9479.471% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now −0.033%, 7d avg −0.240%

Together, before fees−0.310%−$31 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 0.208% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.240%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUST_USDT	0.06153	0.0100	pay 0.0100% / 8h	6h 18m	$503K	$29K	10x
Short	Bitget TRUSTUSDT	0.06151	0.0100	get 0.0050% / 4h	2h 18m	$660K	$71K	10x

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 −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.240%: $20.78
Slippage, 4 orders: −$920.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$926.34
Costs to cover: 9.471%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; Bitget: live order book, 46 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, 47 min ago	23.60 bp	180.0 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 46 min ago	12.26 bp	210.1 bp −$210	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
OKX TRUST-USDT-SWAP	+0.0100%	4h	0.06146	−0.114%	$117K	$285K	10x	as long as short
Gate TRUST_USDTlong	+0.0100%	8h	0.06153	long leg	$503K	$29K	10x
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06146	−0.114%	$292K	$729K	10x	as long as short
Bitget TRUSTUSDTshort	+0.0100%	4h	0.06151	−0.033%	$660K	$71K	10x
MEXC TRUST_USDT	+0.0474%	4h	0.06138	−0.244%	$213K	$104K	50x	as long as short
Binance TRUSTUSDT	+0.0485%	4h	0.06137	−0.254%	$1.7M	$1.8M	10x	as long as short
Aster TRUSTUSDT	+0.0607%	4h	0.06139	−0.228%	$10K	$7K	5x	as long as short
Bybit TRUSTUSDT	+0.3148%	4h	0.06110	−0.699%	$527K	$446K	25x	as long as short
BingX TRUST-USDT	+0.3154%	4h	0.06137	−0.260%	—	$6.5M	—	as long as short
Variational Omni TRUST	+0.3656%	4h	0.06126	−0.433%	$56K	$409	—	as long as short