TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0712%/8h= −78.0% APRnext payment −$3.56 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Gate+0.051%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.051%, 7d avg +0.056%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRB_USDT	19.450	0.0812	pay 0.0406% / 4h	3h 06m	$611K	$1.5M	50x
Short	Bybit TRBUSDT	19.460	0.0100	get 0.0050% / 4h	3h 06m	$6.4M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$149.52
Price spread: +0.051% → +0.056%: −$0.41
Slippage, 4 orders: −$59.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$235.17
Costs to cover: 0.852%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	5.13 bp	18.3 bp −$18	35.5 bp −$355	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.37 bp	30.4 bp −$30	154.2 bp −$1,542	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	19.415	−0.180%	$487K	$227K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.415	−0.180%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.412	−0.194%	$5.2M	$10.3M	50x	as long as short
Bybit TRBUSDTshort	+0.0100%	4h	19.460	+0.051%	$6.4M	$2.0M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.440	−0.051%	$4.5M	$4.8M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.407	−0.221%	$15.0M	$968K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.452	+0.010%	$1.2M	$310K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.431	−0.098%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.462	+0.062%	—	$16.4M	—	as long as short
BloFin TRB-USDT	+0.0122%	4h	19.429	−0.108%	$364K	$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	−0.039%	$15K	$4K	—	as long as short
Gate TRB_USDTlong	+0.0812%	4h	19.450	long leg	$611K	$1.5M	50x
Kraken Futures PF_TRBUSD	+0.2122%	1h	19.452	+0.008%	$103K	$99K	10x	as long as short