Funding you earn now, next payment 04:00 UTC−0.0964%/8h= −105.6% APRnext payment −$4.82 per $10,000 · paid last 24h −0.019%
Price spread now: MEXC against Gate−0.261%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.190%+$19 · spread now −0.261%, 7d avg −0.083%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and MEXC is 0.178% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.82 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 | 19.550 | 0.1064 | pay 0.0532% / 4h | 1h 54m | $625K | $1.7M | 50x |
| Short | MEXC TRB_USDT | 19.499 | 0.0100 | get 0.0050% / 4h | 1h 54m | $15.4M | $992K | 125x |
Gate TRB_USDT
MEXC TRB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$202.44
- Price spread: −0.261% → −0.083%
- −$17.77
- Slippage, 4 orders
- −$27.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$267.18
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; MEXC: 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, 3 min ago | 5.14 bp | 14.2 bp −$14 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.80 bp | 11.2 bp −$11 | 43.0 bp −$430 | 62.9 bp −$6,289 | 129.1 bp −$64.6K |
TRB on 12 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 | 19.523 | −0.138% | $500K | $246K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.513 | −0.190% | $9K | $21K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.507 | −0.220% | $5.2M | $10.5M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.515 | −0.179% | $6.5M | $2.0M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.500 | −0.256% | $4.5M | $5.0M | 20x | as long as short |
| MEXC TRB_USDTshort | +0.0100% | 4h | 19.499 | −0.261% | $15.4M | $992K | 125x | |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.527 | −0.118% | $1.2M | $306K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.523 | −0.138% | $1.3M | $1.4M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.520 | −0.153% | — | $16.3M | — | as long as short |
| Variational Omni TRB | +0.0364% | 4h | 19.648 | +0.500% | $15K | $4K | — | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDT
Variational Omni TRBShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TRB_USDTlong | +0.1064% | 4h | 19.550 | long leg | $625K | $1.7M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1261% | 1h | 19.569 | +0.095% | $104K | $99K | 10x | as long as short |
Kraken Futures PF_TRBUSD