Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.041%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2462.459% of the position

Long on Bitget Short on KuCoin

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)−0.040%−$4 · spread now +0.041%, 7d avg +0.014%

Together, before fees−0.038%−$4 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: KuCoin is 0.027% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRBUSDT	19.430	0.0100	pay 0.0050% / 4h	3h 05m	$1.3M	$1.4M	50x
Short	KuCoin TRBUSDTM	19.438	0.0100	get 0.0050% / 4h	3h 05m	$1.2M	$310K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.014%: $2.69
Slippage, 4 orders: −$221.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$243.25
Costs to cover: 2.459%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 5 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 Bitget live order book, 1 min ago	5.92 bp	38.5 bp −$38	101.1 bp −$1,011	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.22 bp	99.6 bp −$100	doesn't fit	doesn't fit	doesn't fit

TRB on 13 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
Hyperliquid TRB	+0.0100%	1h	19.419	−0.057%	$487K	$227K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.412	−0.092%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.410	−0.103%	$5.2M	$10.3M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.457	+0.139%	$6.4M	$2.0M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.410	−0.103%	$4.5M	$4.8M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.407	−0.118%	$15.0M	$968K	125x	as long as short
KuCoin TRBUSDTMshort	+0.0100%	4h	19.438	+0.041%	$1.2M	$310K	50x
Bitget TRBUSDTlong	+0.0100%	4h	19.430	long leg	$1.3M	$1.4M	50x
BingX TRB-USDT	+0.0100%	4h	19.438	+0.041%	—	$16.4M	—	as long as short
BloFin TRB-USDT	+0.0152%	4h	19.410	−0.103%	$366K	$172K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0398%	4h	19.442	+0.064%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0846%	4h	19.440	+0.051%	$610K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.2121%	1h	19.455	+0.129%	$103K	$99K	10x	as long as short