TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against BloFin+0.110%62s7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as 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−$920.917% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.110%, 7d avg +0.142%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.142%). Swap the legs. The two prices were read 62 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	19.036	0.0121	pay 0.0061% / 4h	1h 16m	$358K	$173K	50x
Short	Bybit TRBUSDT	19.057	0.0100	get 0.0050% / 4h	1h 16m	$6.3M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$4.42
Price spread: +0.110% → +0.142%: −$3.15
Slippage, 4 orders: −$68.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.22
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from BloFin: live order book, 64 min ago; Bybit: live order book, 2 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, 64 min ago	0.52 bp	16.4 bp −$16	39.2 bp −$392	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.36 bp	28.7 bp −$29	106.7 bp −$1,067	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	19.040	+0.021%	$482K	$226K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.050	+0.072%	$9K	$21K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.038	+0.011%	$5.0M	$10.1M	50x	as long as short
Bybit TRBUSDTshort	+0.0100%	4h	19.057	+0.110%	$6.3M	$1.9M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.060	+0.126%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.038	+0.011%	$14.5M	$916K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.040	+0.021%	$1.1M	$301K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.049	+0.068%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.039	+0.016%	—	$16.5M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.088	+0.274%	$14K	$3K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TRB-USDTlong	+0.0121%	4h	19.036	long leg	$358K	$173K	50x
Gate TRB_USDT	+0.0198%	4h	19.050	+0.074%	$575K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1243%	1h	19.056	+0.105%	$101K	$98K	10x	as long as short