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: BingX against Bitget−0.121%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.121%, 7d avg −0.009%

Together, before fees+0.067%+$7 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: BingX is 0.112% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRBUSDT	19.047	0.0100	pay 0.0050% / 4h	2h 16m	$1.3M	$1.6M	50x
Short	BingX TRB-USDT	19.024	0.0100	get 0.0050% / 4h	2h 16m	—	$18.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.009%: −$11.16
Slippage, 4 orders: −$72.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$105.73
Costs to cover: 0.946%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 7 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 Bitget live order book, 6 min ago	3.95 bp	25.1 bp −$25	51.1 bp −$511	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.03 bp	21.8 bp −$22	60.5 bp −$605	264.1 bp −$26.4K	357.1 bp −$178.6K

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
BloFin TRB-USDT	+0.0060%	4h	19.048	+0.005%	$352K	$166K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.025	−0.116%	$474K	$269K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.003	−0.233%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.017	−0.158%	$5.0M	$11.7M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.041	−0.032%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.030	−0.089%	$4.3M	$5.3M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.022	−0.131%	$15.2M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.038	−0.047%	$1.2M	$332K	50x	as long as short
Bitget TRBUSDTlong	+0.0100%	4h	19.047	long leg	$1.3M	$1.6M	50x
BingX TRB-USDTshort	+0.0100%	4h	19.024	−0.121%	—	$18.2M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0100%	4h	18.987	−0.314%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0170%	4h	19.040	−0.037%	$588K	$2.2M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1247%	1h	19.060	+0.068%	$102K	$51K	10x	as long as short