TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0839%/8h= +91.8% APRnext payment +$4.19 per $10,000 · paid last 24h +0.019%

Price spread now: Gate against BloFin−0.031%78s7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$650.647% of the position

Long on BloFin Short on Gate

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)+0.178%+$18 · spread now −0.031%, 7d avg +0.085%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.116% cheaper against BloFin than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.085%). If the spread goes back, that is −$12 on $10k: about 11 hours of funding at the current rate (+$25 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRB-USDT	19.286	0.0095	pay 0.0048% / 4h	2h 47m	$364K	$184K	50x
Short	Gate TRB_USDT	19.280	0.0934	get 0.0467% / 4h	2h 47m	$624K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $176.1
Price spread: −0.031% → +0.085%: −$11.61
Slippage, 4 orders: −$37.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $99.78
Costs to cover: 0.647%
Break-even: 3.0 days

Slippage from BloFin: live order book, 17 min ago; Gate: live order book, 5 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, 17 min ago	2.06 bp	16.3 bp −$16	39.1 bp −$391	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.19 bp	15.1 bp −$15	26.9 bp −$269	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
BloFin TRB-USDTlong	+0.0095%	4h	19.286	long leg	$364K	$184K	50x
Hyperliquid TRB	+0.0100%	1h	19.257	−0.150%	$498K	$241K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.234	−0.270%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.236	−0.259%	$5.1M	$10.4M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.275	−0.057%	$6.4M	$2.0M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.250	−0.187%	$4.4M	$4.8M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.241	−0.233%	$15.0M	$990K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.274	−0.062%	$1.2M	$308K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.250	−0.187%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.249	−0.192%	—	$16.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0330%	4h	19.261	−0.130%	$15K	$4K	—	as long as short
Gate TRB_USDTshort	+0.0934%	4h	19.280	−0.031%	$624K	$1.6M	50x
Kraken Futures PF_TRBUSD	+0.1463%	1h	19.254	−0.165%	$102K	$99K	10x	as long as short