TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin−0.275%91s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.657% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.352%+$35 · spread now −0.275%, 7d avg −0.003%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.272% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRB-USDT	19.380	0.0155	pay 0.0077% / 4h	3h 29m	$363K	$173K	50x
Short	Binance TRBUSDT	19.327	0.0100	get 0.0050% / 4h	3h 29m	$5.1M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.275%Rate

Funding earned: −$11.54
Price spread: −0.275% → −0.003%: −$27.16
Slippage, 4 orders: −$43.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.42
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from BloFin: live order book, 40 min ago; Binance: live order book, 10 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 BloFin live order book, 40 min ago	1.31 bp	15.6 bp −$16	36.6 bp −$366	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.81 bp	17.0 bp −$17	56.1 bp −$561	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	19.328	−0.268%	$486K	$230K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.327	−0.275%	$9K	$20K	5x	as long as short
Binance TRBUSDTshort	+0.0100%	4h	19.327	−0.275%	$5.1M	$10.3M	50x
Bybit TRBUSDT	+0.0100%	4h	19.366	−0.072%	$6.4M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.350	−0.155%	$4.4M	$4.7M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.321	−0.304%	$14.8M	$944K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.354	−0.134%	$1.2M	$307K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.350	−0.155%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.358	−0.114%	—	$16.4M	—	as long as short
BloFin TRB-USDTlong	+0.0155%	4h	19.380	long leg	$363K	$173K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0269%	4h	19.410	+0.155%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0658%	4h	19.340	−0.206%	$607K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.2134%	1h	19.341	−0.200%	$103K	$99K	10x	as long as short