Funding you earn now, next payment 04:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.019%
Price spread now: Bybit against Gate−0.016%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.016%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.072% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRB_USDT | 19.190 | 0.0268 | pay 0.0134% / 4h | 45m 13s | $590K | $1.9M | 50x |
| Short | Bybit TRBUSDT | 19.187 | 0.0100 | get 0.0050% / 4h | 45m 13s | $6.3M | $2.1M | 50x |
Gate TRB_USDT
Bybit TRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.28
- Price spread: −0.016% → +0.057%
- −$7.24
- Slippage, 4 orders
- −$54.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.49
- Costs to cover
- 0.810%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: 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, 2 min ago | 5.20 bp | 12.7 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.16 bp | 27.1 bp −$27 | 95.9 bp −$959 | 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 | +0.0093% | 4h | 19.178 | −0.063% | $370K | $171K | 50x | as long as short |
| Hyperliquid TRB | +0.0100% | 1h | 19.180 | −0.052% | $486K | $253K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 19.177 | −0.067% | $10K | $20K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.170 | −0.104% | $5.2M | $10.8M | 50x | as long as short |
| Bybit TRBUSDTshort | +0.0100% | 4h | 19.187 | −0.016% | $6.3M | $2.1M | 50x | |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.180 | −0.052% | $4.5M | $5.0M | 20x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.171 | −0.099% | $15.3M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.182 | −0.042% | $1.2M | $308K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.175 | −0.078% | $1.3M | $1.5M | 50x | as long as short |
| BingX TRB-USDT | +0.0100% | 4h | 19.178 | −0.063% | — | $16.2M | — | as long as short |
BloFin TRB-USDT
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
OKX TRB-USDT-SWAP
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDT
BingX TRB-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0100% | 4h | 19.192 | +0.010% | $15K | $4K | — | as long as short |
| Gate TRB_USDTlong | +0.0268% | 4h | 19.190 | long leg | $590K | $1.9M | 50x | |
| Kraken Futures PF_TRBUSD | +0.1105% | 1h | 19.187 | −0.014% | $102K | $99K | 10x | as long as short |
Variational Omni TRB
Kraken Futures PF_TRBUSD