Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Bybit+0.163%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.163% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRBUSDT	19.057	0.0100	pay 0.0050% / 4h	1h 15m	$6.3M	$1.9M	50x
Short	Variational Omni TRB	19.088	0.0100	get 0.0050% / 4h	1h 15m	$14K	$3K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → 0.000%: $16.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.33
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	2.36 bp	30.3 bp −$30	141.5 bp −$1,415	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	19.039	−0.094%	$482K	$226K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.042	−0.081%	$9K	$21K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.032	−0.130%	$5.0M	$10.1M	50x	as long as short
Bybit TRBUSDTlong	+0.0100%	4h	19.057	long leg	$6.3M	$1.9M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.060	+0.016%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.034	−0.121%	$14.5M	$916K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.040	−0.089%	$1.1M	$301K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.046	−0.058%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.040	−0.089%	—	$16.5M	—	as long as short
Variational Omni TRBshort	+0.0100%	4h	19.088	+0.163%	$14K	$3K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TRB-USDT	+0.0121%	4h	19.036	−0.110%	$358K	$173K	50x	as long as short
Gate TRB_USDT	+0.0198%	4h	19.050	−0.037%	$575K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1243%	1h	19.056	−0.005%	$101K	$98K	10x	as long as short