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: Bitget against OKX+0.068%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.068%, 7d avg +0.030%

Together, before fees+0.095%+$10 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: Bitget is 0.038% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRB-USDT-SWAP	19.180	0.0100	pay 0.0050% / 4h	1h 02m	$4.4M	$5.4M	20x
Short	Bitget TRBUSDT	19.193	0.0100	get 0.0050% / 4h	1h 02m	$1.3M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.030%: $3.76
Slippage, 4 orders: −$54.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.45
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 4 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 OKX live order book, 5 min ago	2.60 bp	17.0 bp −$17	104.1 bp −$1,041	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.20 bp	22.3 bp −$22	50.6 bp −$506	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	19.181	+0.005%	$477K	$275K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.183	+0.014%	$6K	$26K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.171	−0.048%	$5.0M	$11.9M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.191	+0.057%	$6.3M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAPlong	+0.0100%	4h	19.180	long leg	$4.4M	$5.4M	20x
Gate TRB_USDT	+0.0100%	4h	19.190	+0.052%	$550K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.172	−0.042%	$15.5M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.189	+0.047%	$1.2M	$334K	50x	as long as short
Bitget TRBUSDTshort	+0.0100%	4h	19.193	+0.068%	$1.3M	$1.6M	50x
BingX TRB-USDT	+0.0100%	4h	19.186	+0.031%	—	$5.0M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0110%	4h	19.256	+0.394%	$15K	$10K	—	as long as short
BloFin TRB-USDT	+0.0141%	4h	19.181	+0.005%	$355K	$167K	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1562%	1h	19.187	+0.035%	$103K	$51K	10x	as long as short