data as of
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Price arb /

TRB

all TRB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$87
spread now−0.094%7d average−0.053%fees + slippage, in and out−$83spread needed0.826%
Long on BingXShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TRB-USDT19.2000.0100pay 0.0050% / 4h1h 08m—$16.3M—
ShortHyperliquid TRB19.1820.0100get 0.0013% / 1h8m 24s$485K$140K3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.38
Funding while held
$0
Slippage, 4 orders
−$63.6
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$91.98
Spread needed to break even
0.826%
Slippage from BingX: live order book, 6 min ago; Hyperliquid: live order book, 43 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

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, 6 min ago2.87 bp18.2 bp −$1855.3 bp −$553268.8 bp −$26.9K331.7 bp −$165.8K
Sell Hyperliquid live order book, 43 min ago1.80 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit

TRB price on every exchange

against the cheapest. Click to use as the short leg.
BloFin19.173cheapestMEXC19.174+0.005%Binance19.174+0.006%Aster19.176+0.016%OKX19.180+0.037%
Hyperliquid19.182+0.047%
KuCoin19.191+0.094%Bitget19.191+0.094%Bybit19.200+0.141%Gate19.200+0.141%
BingX19.200+0.141%
Kraken Futures19.207+0.177%Variational Omni19.212+0.205%

TRB on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin TRB-USDT−0.141%+0.0045%4h$381K$144K50xas long as short
MEXC TRB_USDT−0.135%+0.0100%4h$13.9M$774K125xas long as short
Binance TRBUSDT−0.135%+0.0100%4h$5.0M$9.7M50xas long as short
Aster TRBUSDT−0.125%+0.0100%4h$6K$22K5xas long as short
OKX TRB-USDT-SWAP−0.104%+0.0100%4h$4.5M$4.5M20xas long as short
Hyperliquid TRBshort−0.094%+0.0100%1h$485K$140K3x
KuCoin TRBUSDTM−0.047%+0.0100%4h$1.1M$286K50xas long as short
Bitget TRBUSDT−0.047%+0.0100%4h$1.2M$1.2M50xas long as short
Bybit TRBUSDT0.000%+0.0100%4h$6.3M$1.8M50xas long as short
Gate TRB_USDT0.000%+0.0100%4h$545K$1.5M50xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX TRB-USDTlong0.000%+0.0100%4h—$16.3M—
Kraken Futures PF_TRBUSD+0.036%+0.1403%1h$103K$94K10xas long as short
Variational Omni TRB+0.064%+0.0100%4h$14K$3K—as long as short