Settings8H · net · $10k
Funding arb · Price arb /

TRB

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SwapBacktest
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 0.000%
Price spread now: OKX against Bybit+0.021%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$920.923% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 7 days−0.186%−$19 · spread now +0.021%, 7d avg −0.097%
Together, before fees−0.228%−$23 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 0.118% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TRBUSDT19.0960.0100pay 0.0050% / 4h35m 19s$6.2M$2.2M50x
ShortOKX TRB-USDT-SWAP19.1000.0100get 0.0050% / 4h35m 19s$4.3M$5.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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

Funding earned
$0
Price spread: +0.021% → −0.097%
$11.81
Slippage, 4 orders
−$71.26
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$80.45
Costs to cover
0.923%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago3.91 bp28.4 bp −$28122.9 bp −$1,229doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.61 bp18.2 bp −$1877.4 bp −$774doesn't fitdoesn't fit

TRB on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TRB-USDT+0.0097%4h19.110+0.073%$353K$167K50xas long as short
Hyperliquid TRB+0.0100%1h19.093−0.016%$475K$272K3xas long as short
Aster TRBUSDT+0.0100%4h19.080−0.086%$6K$26K5xas long as short
Binance TRBUSDT+0.0100%4h19.080−0.085%$5.0M$11.9M50xas long as short
Bybit TRBUSDTlong+0.0100%4h19.096long leg$6.2M$2.2M50x
OKX TRB-USDT-SWAPshort+0.0100%4h19.100+0.021%$4.3M$5.3M20x
Gate TRB_USDT+0.0100%4h19.100+0.021%$554K$2.2M50xas long as short
MEXC TRB_USDT+0.0100%4h19.074−0.115%$15.6M$1.1M125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.0960.000%$1.2M$330K50xas long as short
Bitget TRBUSDT+0.0100%4h19.095−0.005%$1.3M$1.6M50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX TRB-USDT+0.0100%4h19.098+0.010%$5.1Mas long as short
Variational Omni TRB+0.0100%4h19.134+0.200%$15K$16Kas long as short
Kraken Futures PF_TRBUSD+0.1737%1h19.194+0.511%$103K$51K10xas long as short