TRB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0437%/8h= −47.9% APRnext payment −$2.19 per $10,000 · paid last 24h −0.024%

Price spread now: BloFin against Gate−0.182%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now −0.182%, 7d avg −0.089%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.093% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 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	Gate TRB_USDT	19.260	0.0534	pay 0.0267% / 4h	2h 59m	$580K	$2.0M	50x
Short	BloFin TRB-USDT	19.225	0.0097	get 0.0048% / 4h	2h 59m	$350K	$167K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$91.81
Price spread: −0.182% → −0.089%: −$9.27
Slippage, 4 orders: −$30.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$158.31
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 3 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 Gate live order book, 4 min ago	5.19 bp	12.7 bp −$13	23.1 bp −$231	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.34 bp	15.5 bp −$16	35.6 bp −$356	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	+0.0097%	4h	19.225	−0.182%	$350K	$167K	50x
Hyperliquid TRB	+0.0100%	1h	19.227	−0.169%	$477K	$274K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.214	−0.238%	$2K	$29K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.213	−0.243%	$5.0M	$11.8M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.244	−0.083%	$6.3M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.220	−0.208%	$4.4M	$5.3M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.216	−0.228%	$15.9M	$1.2M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.248	−0.062%	$1.2M	$325K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.241	−0.099%	$1.3M	$1.6M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.224	−0.187%	—	$5.0M	—	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	+0.0104%	4h	19.261	+0.007%	$15K	$16K	—	as long as short
Gate TRB_USDTlong	+0.0534%	4h	19.260	long leg	$580K	$2.0M	50x
Kraken Futures PF_TRBUSD	+0.3724%	1h	19.235	−0.130%	$108K	$56K	10x	as long as short