TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against Bybit−0.408%52s7-day average −0.142% · you buy dearer than you sell

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−$880.883% of the position

Long on Bybit Short on BloFin

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)+0.135%+$13 · spread now −0.408%, 7d avg −0.142%

Together, before fees+0.114%+$11 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 BloFin is 0.266% cheaper against Bybit than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.142%). Swap the legs. The two prices were read 52 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	Bybit TRBUSDT	19.111	0.0100	pay 0.0050% / 4h	1h 08m	$6.3M	$1.9M	50x
Short	BloFin TRB-USDT	19.033	0.0045	get 0.0022% / 4h	1h 08m	$357K	$173K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.408%Rate

Funding earned: −$11.65
Price spread: −0.408% → −0.142%: −$26.63
Slippage, 4 orders: −$65.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$126.61
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 7 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 Bybit live order book, 5 min ago	4.46 bp	33.2 bp −$33	190.5 bp −$1,905	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.31 bp	16.7 bp −$17	38.8 bp −$388	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-USDTshort	+0.0045%	4h	19.033	−0.408%	$357K	$173K	50x
Hyperliquid TRB	+0.0100%	1h	19.061	−0.262%	$483K	$225K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.067	−0.231%	$9K	$21K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.067	−0.232%	$5.0M	$10.1M	50x	as long as short
Bybit TRBUSDTlong	+0.0100%	4h	19.111	long leg	$6.3M	$1.9M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.080	−0.162%	$4.4M	$4.6M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.069	−0.220%	$14.5M	$927K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.059	−0.272%	$1.1M	$300K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.069	−0.220%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.083	−0.147%	—	$16.5M	—	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	+0.0100%	4h	19.069	−0.218%	$14K	$3K	—	as long as short
Gate TRB_USDT	+0.0232%	4h	19.070	−0.215%	$576K	$1.5M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1241%	1h	19.088	−0.118%	$101K	$98K	10x	as long as short