Funding arb · Price arb /

TRUST

all TRUST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC−0.049%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.049%, 7d avg 0.000%

Together, before fees+0.109%+$11 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: Binance is 0.049% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUST_USDT	0.06106	0.0100	pay 0.0050% / 4h	2h 38m	$212K	$102K	50x
Short	Binance TRUSTUSDT	0.06103	0.0100	get 0.0050% / 4h	2h 38m	$1.7M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → 0.000%: −$4.88
Slippage, 4 orders: −$110.83
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$129.71
Costs to cover: 1.248%
Break-even: never at this rate

Slippage from MEXC: live order book, 47 min ago; Binance: live order book, 10 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 MEXC live order book, 47 min ago	4.05 bp	29.4 bp −$29	178.2 bp −$1,782	731.2 bp −$73.1K	doesn't fit
Sell Binance live order book, 10 min ago	4.04 bp	40.0 bp −$40	127.4 bp −$1,274	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	0.06108	+0.030%	$10K	$7K	5x	as long as short
Binance TRUSTUSDTshort	+0.0100%	4h	0.06103	−0.049%	$1.7M	$2.0M	10x
OKX TRUST-USDT-SWAP	+0.0100%	4h	0.06072	−0.557%	$108K	$297K	10x	as long as short
Gate TRUST_USDT	+0.0100%	8h	0.06121	+0.246%	$500K	$28K	10x	as long as short
MEXC TRUST_USDTlong	+0.0100%	4h	0.06106	long leg	$212K	$102K	50x
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06113	+0.115%	$297K	$744K	10x	as long as short
Bitget TRUSTUSDT	+0.0100%	4h	0.06091	−0.246%	$663K	$69K	10x	as long as short
BingX TRUST-USDT	+0.1220%	4h	0.06104	−0.033%	—	$6.5M	—	as long as short
Bybit TRUSTUSDT	+0.1509%	4h	0.06081	−0.409%	$536K	$445K	25x	as long as short
Variational Omni TRUST	+0.1712%	4h	0.06103	−0.049%	$56K	$408	—	as long as short