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

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid+0.010%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$710.713% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.010%, 7d avg +0.033%
Together, before fees+0.046%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TRB19.2780.0100pay 0.0013% / 1h21m 13s$482K$259K3x
ShortOKX TRB-USDT-SWAP19.2800.0100get 0.0050% / 4h21m 13s$4.4M$5.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.010% → +0.033%
−$2.31
Slippage, 4 orders
−$52.27
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$73.57
Costs to cover
0.713%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; OKX: live order book, 1 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, 8 min ago2.33 bp19.9 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.59 bp18.8 bp −$1983.0 bp −$830doesn'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
Hyperliquid TRBlong+0.0100%1h19.278long leg$482K$259K3x
Aster TRBUSDT+0.0100%4h19.288+0.054%$10K$20K5xas long as short
Binance TRBUSDT+0.0100%4h19.276−0.010%$5.2M$10.9M50xas long as short
Bybit TRBUSDT+0.0100%4h19.300+0.114%$6.3M$2.1M50xas long as short
OKX TRB-USDT-SWAPshort+0.0100%4h19.280+0.010%$4.4M$5.1M20x
MEXC TRB_USDT+0.0100%4h19.274−0.021%$15.5M$1.1M125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.294+0.083%$1.2M$309K50xas long as short
Bitget TRBUSDT+0.0100%4h19.291+0.067%$1.3M$1.5M50xas long as short
BingX TRB-USDT+0.0100%4h19.302+0.124%$16.2Mas long as short
Variational Omni TRB+0.0100%4h19.312+0.176%$15K$4Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TRB-USDT+0.0101%4h19.271−0.036%$365K$172K50xas long as short
Gate TRB_USDT+0.0280%4h19.300+0.114%$582K$1.9M50xas long as short
Kraken Futures PF_TRBUSD+0.1098%1h19.309+0.163%$103K$99K10xas long as short