Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against Gate−0.058%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$720.716% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.058%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.047% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRB_USDT | 19.030 | 0.0188 | pay 0.0094% / 4h | 1h 32m | $574K | $1.5M | 50x |
| Short | Bitget TRBUSDT | 19.019 | 0.0100 | get 0.0050% / 4h | 1h 32m | $1.2M | $1.3M | 50x |
Gate TRB_USDT
Bitget TRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$18.48
- Price spread: −0.058% → −0.011%
- −$4.72
- Slippage, 4 orders
- −$44.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$94.85
- Costs to cover
- 0.716%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bitget: 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 Gate live order book, 5 min ago | 5.24 bp | 12.7 bp −$13 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.26 bp | 21.6 bp −$22 | 53.3 bp −$533 | 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-USDT | +0.0098% | 4h | 19.035 | +0.026% | $360K | $173K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.010 | −0.105% | $484K | $225K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.012 | −0.096% | $9K | $21K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.012 | −0.093% | $5.0M | $10.2M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.032 | +0.011% | $6.2M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.020 | −0.053% | $4.4M | $4.6M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.011 | −0.100% | $14.4M | $899K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.028 | −0.011% | $1.1M | $308K | 50x | as long as short |
| Bitget TRBUSDTshort | +0.0100% | 4h | 19.019 | −0.058% | $1.2M | $1.3M | 50x | |
| BingX TRB-USDT | +0.0100% | 4h | 19.032 | +0.011% | — | $16.5M | — | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0100% | 4h | 19.086 | +0.296% | $14K | $3K | — | as long as short |
| Gate TRB_USDTlong | +0.0188% | 4h | 19.030 | long leg | $574K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1244% | 1h | 19.049 | +0.101% | $101K | $98K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD