Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BloFin−0.042%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.042%, 7d avg +0.001%
=Funding pays, the price is against you. Binance is 0.043% cheaper against BloFin than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.001%). If the spread goes back, that is −$4 on $10k: about 10 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRB-USDT | 19.276 | 0.0086 | pay 0.0043% / 4h | 3h 21m | $365K | $172K | 50x |
| Short | Binance TRBUSDT | 19.268 | 0.0100 | get 0.0050% / 4h | 3h 21m | $5.2M | $11.1M | 50x |
BloFin TRB-USDT
Binance TRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.92
- Price spread: −0.042% → +0.001%
- −$4.27
- Slippage, 4 orders
- −$47.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$70.62
- Costs to cover
- 0.693%
- Break-even
- 176.2 days
Slippage from BloFin: live order book, 1 min ago; Binance: live order book, 4 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 BloFin live order book, 1 min ago | 3.11 bp | 14.4 bp −$14 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.78 bp | 19.9 bp −$20 | 57.1 bp −$571 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TRB-USDTlong | +0.0086% | 4h | 19.276 | long leg | $365K | $172K | 50x | |
| Hyperliquid TRB | +0.0100% | 1h | 19.275 | −0.005% | $479K | $263K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.261 | −0.078% | $9K | $22K | 5x | as long as short |
| Binance TRBUSDTshort | +0.0100% | 4h | 19.268 | −0.042% | $5.2M | $11.1M | 50x | |
| Bybit TRBUSDT | +0.0100% | 4h | 19.299 | +0.119% | $6.3M | $2.1M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.300 | +0.125% | $4.4M | $5.2M | 20x | as long as short |
| Gate TRB_USDT | +0.0100% | 4h | 19.260 | −0.083% | $578K | $2.0M | 50x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.266 | −0.052% | $15.5M | $1.0M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.269 | −0.036% | $1.2M | $321K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.272 | −0.021% | $1.3M | $1.5M | 50x | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
Gate TRB_USDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX TRB-USDT | +0.0100% | 4h | 19.268 | −0.042% | — | $18.1M | — | as long as short |
| Variational Omni TRB | +0.0100% | 4h | 19.319 | +0.221% | $15K | $4K | — | as long as short |
| Kraken Futures PF_TRBUSD | +0.1003% | 1h | 19.313 | +0.193% | $103K | $99K | 10x | as long as short |
BingX TRB-USDT
Variational Omni TRB
Kraken Futures PF_TRBUSD