Funding you earn now, next payment 07:00 UTC−0.1454%/8h= −159.2% APRpaid last 24h −0.370%
Price spread now: BingX against Kraken Futures−0.149%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4,586as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,572as in the Price arb table
costs, in and out, $10k−$4,56045.600% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.149%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and BingX is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.256% in total (about -13.4% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_TRBUSD | 19.283 | 0.1554 | pay 0.0194% / 1h | 22m 58s | $104K | $51K | 10x |
| Short | BingX TRB-USDT | 19.254 | 0.0100 | get 0.0050% / 4h | 1h 22m | — | $5.0M | — |
Kraken Futures PF_TRBUSD
BingX TRB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$305.4
- Price spread: −0.149% → −0.031%
- −$11.76
- Slippage, 4 orders
- −$4,539.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$4,877.15
- Costs to cover
- 45.600%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 19 min ago; BingX: live order book, 7 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 Kraken Futures live order book, 19 min ago | 10.42 bp | 4477.4 bp −$4,477 | 19127.0 bp −$191.3K | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.18 bp | 21.3 bp −$21 | 56.0 bp −$560 | 239.9 bp −$24.0K | 314.5 bp −$157.3K |
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 | +0.0044% | 4h | 19.229 | −0.278% | $354K | $168K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.245 | −0.195% | $478K | $275K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.233 | −0.259% | $7K | $25K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.234 | −0.252% | $5.1M | $11.8M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.270 | −0.066% | $6.3M | $2.2M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.250 | −0.169% | $4.4M | $5.4M | 20x | as long as short |
| Gate TRB_USDT | +0.0100% | 4h | 19.260 | −0.117% | $563K | $2.2M | 50x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.232 | −0.263% | $15.5M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.259 | −0.123% | $1.2M | $335K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.255 | −0.143% | $1.3M | $1.6M | 50x | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
Gate TRB_USDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX TRB-USDTshort | +0.0100% | 4h | 19.254 | −0.149% | — | $5.0M | — | |
| Variational Omni TRB | +0.0100% | 4h | 19.291 | +0.044% | $15K | $4K | — | as long as short |
| Kraken Futures PF_TRBUSDlong | +0.1554% | 1h | 19.283 | long leg | $104K | $51K | 10x |
Variational Omni TRB