TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0532%/8h= +58.3% APRnext payment +$2.66 per $10,000 · paid last 24h +0.027%

Price spread now: Gate against Bybit−0.026%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now −0.026%, 7d avg −0.057%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.031% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.057%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.66 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	Bybit TRBUSDT	19.425	0.0100	pay 0.0050% / 4h	3h 50m	$6.4M	$2.1M	50x
Short	Gate TRB_USDT	19.420	0.0632	get 0.0316% / 4h	3h 50m	$575K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.026%Rate

Funding earned: $111.72
Price spread: −0.026% → −0.057%: $3.13
Slippage, 4 orders: −$59.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $29.75
Costs to cover: 0.851%
Break-even: 5.1 days

Slippage from Bybit: live order book, 3 min ago; Gate: 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 Bybit live order book, 3 min ago	4.87 bp	24.8 bp −$25	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.13 bp	12.6 bp −$13	22.2 bp −$222	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-USDT	+0.0075%	4h	19.447	+0.113%	$367K	$173K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.403	−0.113%	$484K	$260K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.406	−0.100%	$10K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.396	−0.151%	$5.2M	$11.0M	50x	as long as short
Bybit TRBUSDTlong	+0.0100%	4h	19.425	long leg	$6.4M	$2.1M	50x
OKX TRB-USDT-SWAP	+0.0100%	4h	19.400	−0.129%	$4.5M	$5.2M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.391	−0.175%	$15.6M	$1.0M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.421	−0.021%	$1.2M	$316K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.415	−0.051%	$1.4M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.436	+0.057%	—	$18.1M	—	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	19.467	+0.217%	$15K	$4K	—	as long as short
Gate TRB_USDTshort	+0.0632%	4h	19.420	−0.026%	$575K	$2.0M	50x
Kraken Futures PF_TRBUSD	+0.0997%	1h	19.438	+0.066%	$103K	$99K	10x	as long as short