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 +0.004%

Price spread now: OKX against Gate+0.245%7-day average −0.199% · you sell dearer than you buy

Net, funding: paid 7d − costs−$580as in the Funding arb table

Net, price: spread back to 7d avg − costs−$536as in the Price arb table

costs, in and out, $10k−$5805.799% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.445%−$44 · spread now +0.245%, 7d avg −0.199%

Together, before fees−0.442%−$44 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: OKX is 0.443% dearer against Gate than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.199%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUST_USDT	0.06128	0.0100	pay 0.0100% / 8h	4h 29m	$501K	$28K	10x
Short	OKX TRUST-USDT-SWAP	0.06143	0.0100	get 0.0050% / 4h	29m 34s	$111K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → −0.199%: $44.34
Slippage, 4 orders: −$554.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$535.55
Costs to cover: 5.799%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; OKX: live order book, 26 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, 26 min ago	29.99 bp	197.9 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 26 min ago	6.51 bp	67.2 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	0.06140	+0.196%	$10K	$7K	5x	as long as short
Binance TRUSTUSDT	+0.0100%	4h	0.06152	+0.392%	$1.7M	$1.9M	10x	as long as short
OKX TRUST-USDT-SWAPshort	+0.0100%	4h	0.06143	+0.245%	$111K	$291K	10x
Gate TRUST_USDTlong	+0.0100%	8h	0.06128	long leg	$501K	$28K	10x
MEXC TRUST_USDT	+0.0100%	4h	0.06155	+0.441%	$214K	$104K	50x	as long as short
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06157	+0.473%	$299K	$730K	10x	as long as short
Bitget TRUSTUSDT	+0.0100%	4h	0.06171	+0.702%	$670K	$69K	10x	as long as short
BingX TRUST-USDT	+0.2684%	4h	0.06151	+0.375%	—	$6.5M	—	as long as short
Bybit TRUSTUSDT	+0.2893%	4h	0.06124	−0.065%	$542K	$446K	25x	as long as short
Variational Omni TRUST	+0.3383%	4h	0.06126	−0.026%	$56K	$409	—	as long as short