TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against BloFin−0.010%50s7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as 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−$1851.849% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.010%, 7d avg +0.090%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.090%). Swap the legs. The two prices were read 50 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	19.283	0.0116	pay 0.0058% / 4h	3h 16m	$366K	$172K	50x
Short	KuCoin TRBUSDTM	19.281	0.0100	get 0.0050% / 4h	3h 16m	$1.2M	$321K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$3.46
Price spread: −0.010% → +0.090%: −$10.05
Slippage, 4 orders: −$160.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$198.36
Costs to cover: 1.849%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 4 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, 6 min ago	3.11 bp	14.4 bp −$14	35.8 bp −$358	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.77 bp	79.8 bp −$80	doesn't fit	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	19.274	−0.047%	$479K	$264K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.288	+0.027%	$9K	$22K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.262	−0.109%	$5.2M	$11.1M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.290	+0.036%	$6.3M	$2.1M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.270	−0.067%	$4.4M	$5.2M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.276	−0.036%	$15.5M	$1.0M	125x	as long as short
KuCoin TRBUSDTMshort	+0.0100%	4h	19.281	−0.010%	$1.2M	$321K	50x
Bitget TRBUSDT	+0.0100%	4h	19.289	+0.031%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.284	+0.005%	—	$18.1M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.319	+0.185%	$15K	$4K	—	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	+0.0116%	4h	19.283	long leg	$366K	$172K	50x
Gate TRB_USDT	+0.0130%	4h	19.280	−0.016%	$576K	$2.0M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1004%	1h	19.284	+0.003%	$102K	$99K	10x	as long as short