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

TRB

all TRB markets
SwapBacktest
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 BingX+0.005%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.104%+$10 · spread now +0.005%, 7d avg +0.077%
Together, before fees+0.115%+$11 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 0.072% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TRB-USDT19.1440.0100pay 0.0050% / 4h1h 32m$5.0M
ShortBybit TRBUSDT19.1450.0100get 0.0050% / 4h1h 32m$6.3M$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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: +0.005% → +0.077%
−$7.2
Slippage, 4 orders
−$78.66
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$106.86
Costs to cover
0.997%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 5 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 BingX live order book, 11 min ago4.43 bp20.9 bp −$2152.5 bp −$525281.8 bp −$28.2K350.6 bp −$175.3K
Sell Bybit live order book, 5 min ago3.39 bp32.0 bp −$32102.9 bp −$1,029doesn'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
Hyperliquid TRB+0.0100%1h19.155+0.057%$476K$274K3xas long as short
Aster TRBUSDT+0.0100%4h19.109−0.182%$7K$25K5xas long as short
Binance TRBUSDT+0.0100%4h19.133−0.057%$5.0M$11.8M50xas long as short
Bybit TRBUSDTshort+0.0100%4h19.145+0.005%$6.3M$2.2M50x
OKX TRB-USDT-SWAP+0.0100%4h19.150+0.031%$4.4M$5.3M20xas long as short
Gate TRB_USDT+0.0100%4h19.150+0.031%$569K$2.2M50xas long as short
MEXC TRB_USDT+0.0100%4h19.135−0.047%$15.4M$1.1M125xas long as short
KuCoin TRBUSDTM+0.0100%4h19.143−0.005%$1.2M$333K50xas long as short
Bitget TRBUSDT+0.0100%4h19.148+0.021%$1.3M$1.6M50xas long as short
BingX TRB-USDTlong+0.0100%4h19.144long leg$5.0M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0100%4h19.173+0.152%$15K$4Kas long as short
BloFin TRB-USDT+0.0117%4h19.129−0.078%$355K$167K50xas long as short
Kraken Futures PF_TRBUSD+0.1563%1h19.176+0.170%$103K$51K10xas long as short