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−$63
spread now+0.037%7d average−0.053%fees + slippage, in and out−$72spread needed0.719%
Long on BitgetShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TRBUSDT19.0490.0100pay 0.0050% / 4h1h 57m$1.1M$1.1M50x
ShortHyperliquid TRB19.0560.0100get 0.0013% / 1h57m 12s$480K$135K3x

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
$3.67
Funding while held
$0
Slippage, 4 orders
−$50.94
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$68.26
Spread needed to break even
0.719%
Slippage from Bitget: live order book, just now; Hyperliquid: live order book, 64 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 Bitget live order book, just now4.46 bp12.8 bp −$1339.8 bp −$398doesn't fitdoesn't fit
Sell Hyperliquid live order book, 64 min ago1.84 bp22.5 bp −$23doesn't fitdoesn't fitdoesn't fit

TRB price on every exchange

against the cheapest. Click to use as the short leg.
BloFin19.017cheapestGate19.030+0.068%Variational Omni19.036+0.099%KuCoin19.039+0.116%MEXC19.042+0.131%Binance19.043+0.137%
Bitget19.049+0.168%
Hyperliquid19.056+0.205%
Aster19.057+0.213%OKX19.060+0.226%BingX19.060+0.226%Bybit19.073+0.294%Kraken Futures19.088+0.373%

TRB on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin TRB-USDT−0.168%+0.0127%4h$375K$142K50xas long as short
Gate TRB_USDT−0.100%+0.0100%4h$511K$1.3M50xas long as short
Variational Omni TRB−0.069%+0.0100%4h$14K$3K—as long as short
KuCoin TRBUSDTM−0.052%+0.0100%4h$1.1M$257K50xas long as short
MEXC TRB_USDT−0.037%+0.0100%4h$13.7M$712K125xas long as short
Binance TRBUSDT−0.031%+0.0100%4h$5.0M$9.3M50xas long as short
Bitget TRBUSDTlong0.000%+0.0100%4h$1.1M$1.1M50x
Hyperliquid TRBshort+0.037%+0.0100%1h$480K$135K3x
Aster TRBUSDT+0.044%+0.0100%4h$3K$19K5xas long as short
OKX TRB-USDT-SWAP+0.058%+0.0100%4h$4.4M$3.9M20xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX TRB-USDT+0.058%+0.0100%4h—$16.2M—as long as short
Bybit TRBUSDT+0.126%+0.0100%4h$6.3M$1.7M50xas long as short
Kraken Futures PF_TRBUSD+0.204%+0.1411%1h$103K$94K10xas long as short