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

TRB

all TRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.031%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$820.817% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.031%, 7d avg −0.032%
Together, before fees+0.003%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TRB19.4280.0100pay 0.0013% / 1h34m 36s$494K$251K3x
ShortBinance TRBUSDT19.4220.0100get 0.0050% / 4h1h 34m$5.2M$10.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.031% → −0.032%
$0.09
Slippage, 4 orders
−$62.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$81.57
Costs to cover
0.817%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 5 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 Hyperliquid live order book, 5 min ago2.32 bp22.3 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 5 min ago1.03 bp17.2 bp −$1754.2 bp −$542doesn'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+0.0090%4h19.451+0.118%$372K$165K50xas long as short
Hyperliquid TRBlong+0.0100%1h19.428long leg$494K$251K3x
Aster TRBUSDT+0.0100%4h19.469+0.212%$10K$21K5xas long as short
Binance TRBUSDTshort+0.0100%4h19.422−0.031%$5.2M$10.6M50x
Bybit TRBUSDT+0.0100%4h19.447+0.098%$6.4M$2.1M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.430+0.010%$4.5M$5.0M20xas long as short
MEXC TRB_USDT+0.0100%4h19.420−0.041%$15.4M$1.0M125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.452+0.124%$1.2M$306K50xas long as short
Bitget TRBUSDT+0.0100%4h19.440+0.062%$1.3M$1.4M50xas long as short
BingX TRB-USDT+0.0100%4h19.452+0.124%$16.2Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0313%4h19.473+0.230%$15K$4Kas long as short
Gate TRB_USDT+0.0784%4h19.460+0.165%$623K$1.8M50xas long as short
Kraken Futures PF_TRBUSD+0.1267%1h19.486+0.301%$104K$99K10xas long as short