Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.099%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2712.712% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.099%, 7d avg +0.073%

Together, before fees+0.042%+$4 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: Bybit is 0.026% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRBUSDTM	19.260	0.0100	pay 0.0050% / 4h	1h 21m	$1.2M	$335K	50x
Short	Bybit TRBUSDT	19.279	0.0100	get 0.0050% / 4h	1h 21m	$6.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.073%: $2.6
Slippage, 4 orders: −$248.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$268.57
Costs to cover: 2.712%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 1 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 KuCoin live order book, 3 min ago	9.85 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.41 bp	32.3 bp −$32	98.6 bp −$986	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
BloFin TRB-USDT	+0.0044%	4h	19.229	−0.161%	$354K	$168K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.264	+0.021%	$479K	$275K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.240	−0.105%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.241	−0.098%	$5.1M	$11.8M	50x	as long as short
Bybit TRBUSDTshort	+0.0100%	4h	19.279	+0.099%	$6.3M	$2.2M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.270	+0.052%	$4.4M	$5.4M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	19.260	0.000%	$562K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.242	−0.093%	$15.5M	$1.1M	125x	as long as short
KuCoin TRBUSDTMlong	+0.0100%	4h	19.260	long leg	$1.2M	$335K	50x
Bitget TRBUSDT	+0.0100%	4h	19.256	−0.021%	$1.3M	$1.6M	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TRB-USDT	+0.0100%	4h	19.259	−0.005%	—	$5.0M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.291	+0.162%	$15K	$4K	—	as long as short
Kraken Futures PF_TRBUSD	+0.1556%	1h	19.266	+0.031%	$104K	$51K	10x	as long as short