Funding arb · Price arb /

TRUST

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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 −0.004%

Price spread now: Bitget against OKX+0.375%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs−$665as in the Price arb table

costs, in and out, $10k−$7067.065% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.500%−$50 · spread now +0.375%, 7d avg −0.034%

Together, before fees−0.534%−$53 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 0.410% dearer against OKX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUST-USDT-SWAP	0.06126	0.0100	pay 0.0050% / 4h	2h 42m	$109K	$298K	10x
Short	Bitget TRUSTUSDT	0.06149	0.0100	get 0.0050% / 4h	2h 42m	$669K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.375%Rate

Funding earned: $0
Price spread: +0.375% → −0.034%: $40.98
Slippage, 4 orders: −$684.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$665.47
Costs to cover: 7.065%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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 OKX live order book, 3 min ago	7.28 bp	37.6 bp −$38	11520.2 bp −$115.2K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	10.50 bp	202.1 bp −$202	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	0.06152	+0.420%	$10K	$7K	5x	as long as short
Binance TRUSTUSDT	+0.0100%	4h	0.06133	+0.112%	$1.7M	$2.0M	10x	as long as short
OKX TRUST-USDT-SWAPlong	+0.0100%	4h	0.06126	long leg	$109K	$298K	10x
Gate TRUST_USDT	+0.0100%	8h	0.06166	+0.653%	$504K	$28K	10x	as long as short
MEXC TRUST_USDT	+0.0100%	4h	0.06134	+0.131%	$213K	$102K	50x	as long as short
KuCoin TRUSTUSDTM	+0.0100%	4h	0.06140	+0.229%	$298K	$743K	10x	as long as short
Bitget TRUSTUSDTshort	+0.0100%	4h	0.06149	+0.375%	$669K	$69K	10x
BingX TRUST-USDT	+0.0918%	4h	0.06135	+0.147%	—	$6.5M	—	as long as short
Bybit TRUSTUSDT	+0.1322%	4h	0.06111	−0.245%	$539K	$444K	25x	as long as short
Variational Omni TRUST	+0.1753%	4h	0.06171	+0.733%	$56K	$408	—	as long as short