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

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX−0.034%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$780.781% 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)−0.026%−$3 · spread now −0.034%, 7d avg −0.039%
Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TRB-USDT-SWAP19.1600.0100pay 0.0050% / 4h42m 27s$4.4M$4.7M20x
ShortHyperliquid TRB19.1540.0100get 0.0013% / 1h42m 27s$482K$229K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: −0.034% → −0.039%
$0.47
Slippage, 4 orders
−$59.09
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$77.62
Costs to cover
0.781%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 27 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 OKX live order book, 5 min ago2.61 bp17.6 bp −$1893.2 bp −$932doesn't fitdoesn't fit
Sell Hyperliquid live order book, 27 min ago0.26 bp21.9 bp −$22doesn't fitdoesn'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
BloFin TRB-USDT+0.0060%4h19.170+0.052%$359K$173K50xas long as short
Hyperliquid TRBshort+0.0100%1h19.154−0.034%$482K$229K3x
Aster TRBUSDT+0.0100%4h19.186+0.136%$9K$20K5xas long as short
Binance TRBUSDT+0.0100%4h19.148−0.065%$5.1M$10.2M50xas long as short
Bybit TRBUSDT+0.0100%4h19.178+0.094%$6.3M$1.9M50xas long as short
OKX TRB-USDT-SWAPlong+0.0100%4h19.160long leg$4.4M$4.7M20x
MEXC TRB_USDT+0.0100%4h19.143−0.089%$14.6M$914K125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.188+0.146%$1.1M$302K50xas long as short
Bitget TRBUSDT+0.0100%4h19.163+0.016%$1.3M$1.3M50xas long as short
BingX TRB-USDT+0.0100%4h19.170+0.052%$16.5Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0201%4h19.190+0.157%$14K$3Kas long as short
Gate TRB_USDT+0.0224%4h19.190+0.157%$597K$1.5M50xas long as short
Kraken Futures PF_TRBUSD+0.1137%1h19.206+0.241%$102K$99K10xas long as short