Funding arb · Price arb /

TRUST

all TRUST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2756%/8h= +301.7% APRpaid last 24h +1.080%

Price spread now: Bybit against Gate0.000%7-day average −0.335% · you sell dearer than you buy

Net, funding: paid 7d − costs−$458as in the Funding arb table

Net, price: spread back to 7d avg − costs−$550as in the Price arb table

costs, in and out, $10k−$5845.835% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+1.253%+$125 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now 0.000%, 7d avg −0.335%

Together, before fees+1.216%+$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$83 a day on $10k at the current rate, and Bybit is 0.335% dearer against Gate than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.335%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.253% in total (about 65.3% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUST_USDT	0.06124	0.0100	pay 0.0100% / 8h	4h 31m	$501K	$28K	10x
Short	Bybit TRUSTUSDT	0.06124	0.2856	get 0.1428% / 4h	31m 27s	$542K	$446K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $578.68
Price spread: 0.000% → −0.335%: $33.5
Slippage, 4 orders: −$557.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $28.63
Costs to cover: 5.835%
Break-even: 6.7 days

Slippage from Gate: live order book, 24 min ago; Bybit: live order book, 19 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, 24 min ago	29.99 bp	197.9 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 19 min ago	9.83 bp	67.5 bp −$67	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
Aster TRUSTUSDT	+0.0100%	4h	0.06139	+0.249%	$10K	$7K	5x	as long as short
Binance TRUSTUSDT	+0.0100%	4h	0.06149	+0.408%	$1.7M	$1.9M	10x	as long as short
OKX TRUST-USDT-SWAP	+0.0100%	4h	0.06143	+0.310%	$111K	$291K	10x	as long as short
Gate TRUST_USDTlong	+0.0100%	8h	0.06124	long leg	$501K	$28K	10x
MEXC TRUST_USDT	+0.0100%	4h	0.06149	+0.408%	$214K	$104K	50x	as long as short
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06146	+0.359%	$299K	$730K	10x	as long as short
Bitget TRUSTUSDT	+0.0100%	4h	0.06154	+0.490%	$668K	$70K	10x	as long as short
BingX TRUST-USDT	+0.2707%	4h	0.06148	+0.392%	—	$6.5M	—	as long as short
Bybit TRUSTUSDTshort	+0.2856%	4h	0.06124	0.000%	$542K	$446K	25x
Variational Omni TRUST	+0.3377%	4h	0.06110	−0.222%	$56K	$409	—	as long as short