data as of
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Price arb /

TRB

all TRB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$98
spread now−0.159%7d average−0.115%fees + slippage, in and out−$93spread needed0.931%
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TRBUSDT19.4530.0100pay 0.0050% / 4h1h 38m$6.4M$1.8M50x
ShortHyperliquid TRB19.4220.0100get 0.0013% / 1h38m 33s$489K$138K3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$15.94
Funding while held
$0
Slippage, 4 orders
−$73.15
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$109.08
Spread needed to break even
0.931%
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 13 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.82 bp25.8 bp −$26121.6 bp −$1,216doesn't fitdoesn't fit
Sell Hyperliquid live order book, 13 min ago1.80 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit

TRB price on every exchange

against the cheapest. Click to use as the short leg.
MEXC19.409cheapestBinance19.412+0.016%
Hyperliquid19.422+0.067%
Variational Omni19.430+0.108%Bitget19.436+0.139%Gate19.440+0.160%Aster19.440+0.162%BingX19.444+0.180%OKX19.450+0.211%BloFin19.452+0.222%
Bybit19.453+0.227%
KuCoin19.455+0.237%Kraken Futures19.482+0.378%

TRB on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC TRB_USDT−0.226%+0.0100%4h$14.1M$753K125xas long as short
Binance TRBUSDT−0.210%+0.0100%4h$5.1M$9.5M50xas long as short
Hyperliquid TRBshort−0.159%+0.0100%1h$489K$138K3x
Variational Omni TRB−0.119%+0.0100%4h$14K$3K—as long as short
Bitget TRBUSDT−0.087%+0.0100%4h$1.2M$1.2M50xas long as short
Gate TRB_USDT−0.067%+0.0100%4h$552K$1.5M50xas long as short
Aster TRBUSDT−0.065%+0.0100%4h$6K$22K5xas long as short
BingX TRB-USDT−0.046%+0.0100%4h—$16.2M—as long as short
OKX TRB-USDT-SWAP−0.015%+0.0100%4h$4.7M$4.3M20xas long as short
BloFin TRB-USDT−0.005%+0.0085%4h$377K$145K50xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit TRBUSDTlong0.000%+0.0100%4h$6.4M$1.8M50x
KuCoin TRBUSDTM+0.010%+0.0100%4h$1.2M$272K50xas long as short
Kraken Futures PF_TRBUSD+0.151%+0.1383%1h$105K$94K10xas long as short