Funding you earn now, next payment 04:00 UTC+0.1260%/8h= +138.0% APRnext payment +$6.30 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against BingX−0.016%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$650.654% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.016%, 7d avg +0.022%
=Funding pays, the price is against you. Gate is 0.038% cheaper against BingX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.022%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$38 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.30 per $10,000. 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 | BingX TRB-USDT | 19.203 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $16.4M | — |
| Short | Gate TRB_USDT | 19.200 | 0.1360 | get 0.0680% / 4h | 3h 57m | $595K | $1.5M | 50x |
BingX TRB-USDT
Gate TRB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- $264.6
- Price spread: −0.016% → +0.022%
- −$3.78
- Slippage, 4 orders
- −$40.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $195.38
- Costs to cover
- 0.654%
- Break-even
- 1.8 days
Slippage from BingX: live order book, 16 min ago; Gate: live order book, 5 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 BingX live order book, 16 min ago | 4.97 bp | 21.3 bp −$21 | 60.1 bp −$601 | 270.0 bp −$27.0K | 323.2 bp −$161.6K |
| Sell Gate live order book, 5 min ago | 5.21 bp | 14.3 bp −$14 | 26.7 bp −$267 | 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 | 19.200 | −0.016% | $483K | $229K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.181 | −0.115% | $9K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.196 | −0.035% | $5.1M | $10.3M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 19.222 | +0.099% | $6.3M | $1.9M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.210 | +0.036% | $4.4M | $4.7M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.196 | −0.036% | $14.6M | $912K | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.197 | −0.031% | $1.1M | $303K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.218 | +0.078% | $1.3M | $1.4M | 50x | as long as short |
| BingX TRB-USDTlong | +0.0100% | 4h | 19.203 | long leg | — | $16.4M | — | |
| BloFin TRB-USDT | +0.0125% | 4h | 19.162 | −0.214% | $358K | $172K | 50x | as long as short |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BloFin TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0226% | 4h | 19.197 | −0.032% | $15K | $4K | — | as long as short |
| Gate TRB_USDTshort | +0.1360% | 4h | 19.200 | −0.016% | $595K | $1.5M | 50x | |
| Kraken Futures PF_TRBUSD | +0.2148% | 1h | 19.212 | +0.049% | $102K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD