Funding you earn now, next payment 08:00 UTC−0.1621%/8h= −177.5% APRpaid last 24h −0.382%
Price spread now: BloFin against Kraken Futures−0.254%57s7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4,580as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4,55245.515% of the position
Funding, last 7 days−0.282%−$28 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.254%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and BloFin is 0.144% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.110%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.282% in total (about -14.7% 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 | 19.222 | 0.1735 | pay 0.0217% / 1h | 50m 08s | $103K | $51K | 10x |
| Short | BloFin TRB-USDT | 19.173 | 0.0114 | get 0.0057% / 4h | 50m 08s | $355K | $167K | 50x |
Kraken Futures PF_TRBUSD
BloFin TRB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$340.37
- Price spread: −0.254% → −0.110%
- −$14.38
- Slippage, 4 orders
- −$4,529.53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4,906.29
- Costs to cover
- 45.515%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 52 min ago; BloFin: live order book, 22 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, 52 min ago | 10.42 bp | 4477.4 bp −$4,477 | 19127.0 bp −$191.3K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 1.83 bp | 18.5 bp −$18 | 44.9 bp −$449 | 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 | 19.206 | −0.082% | $478K | $272K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.162 | −0.313% | $6K | $26K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.180 | −0.216% | $5.0M | $11.9M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.194 | −0.144% | $6.3M | $2.2M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.200 | −0.113% | $4.4M | $5.3M | 20x | as long as short |
| Gate TRB_USDT | +0.0100% | 4h | 19.180 | −0.217% | $556K | $2.2M | 50x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.170 | −0.269% | $15.6M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.181 | −0.212% | $1.2M | $331K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.177 | −0.233% | $1.3M | $1.6M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.188 | −0.176% | — | $5.1M | — | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
Gate TRB_USDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0100% | 4h | 19.184 | −0.198% | $15K | $10K | — | as long as short |
| BloFin TRB-USDTshort | +0.0114% | 4h | 19.173 | −0.254% | $355K | $167K | 50x | |
| Kraken Futures PF_TRBUSDlong | +0.1735% | 1h | 19.222 | long leg | $103K | $51K | 10x |
Variational Omni TRB