Funding you earn now, next payment 11:00 UTC−0.1080%/8h= −118.2% APRpaid last 24h −0.466%
Price spread now: BingX against Kraken Futures+0.071%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,260as in the Price arb table
costs, in and out, $10k−$1,27012.704% of the position
Funding, last 7 days−0.421%−$42 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.071%, 7d avg −0.034%
=The price spread pays, funding is against you. BingX is 0.105% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.034%): +$11 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.421% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.421% in total (about -22.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRBUSD | 18.988 | 0.1180 | pay 0.0147% / 1h | 49m 45s | $104K | $59K | 10x |
| Short | BingX TRB-USDT | 19.001 | 0.0100 | get 0.0050% / 4h | 1h 49m | — | $13.5M | — |
Kraken Futures PF_TRBUSD
BingX TRB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$226.71
- Price spread: +0.071% → −0.034%
- $10.52
- Slippage, 4 orders
- −$1,250.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,486.55
- Costs to cover
- 12.704%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; BingX: 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 Kraken Futures live order book, 60 min ago | 23.64 bp | 1189.5 bp −$1,189 | 17679.9 bp −$176.8K | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.47 bp | 15.8 bp −$16 | 52.2 bp −$522 | 258.6 bp −$25.9K | 327.1 bp −$163.5K |
TRB on 13 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRB | +0.0100% | 1h | 18.990 | +0.013% | $469K | $276K | 3x | as long as short |
| Aster TRBUSDT | +0.0100% | 4h | 18.986 | −0.007% | $3K | $31K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 18.973 | −0.077% | $5.0M | $11.3M | 50x | as long as short |
| Bybit TRBUSDT | +0.0100% | 4h | 18.996 | +0.045% | $6.2M | $2.2M | 50x | as long as short |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 18.990 | +0.013% | $4.3M | $5.1M | 20x | as long as short |
| Gate TRB_USDT | +0.0100% | 4h | 19.000 | +0.066% | $552K | $2.0M | 50x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 18.978 | −0.050% | $15.8M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.000 | +0.066% | $1.2M | $326K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 18.996 | +0.045% | $1.3M | $1.6M | 50x | as long as short |
| BingX TRB-USDTshort | +0.0100% | 4h | 19.001 | +0.071% | — | $13.5M | — |
Hyperliquid TRB
Aster TRBUSDT
Binance TRBUSDT
Bybit TRBUSDT
OKX TRB-USDT-SWAP
Gate TRB_USDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TRB | +0.0100% | 4h | 18.990 | +0.011% | $15K | $14K | — | as long as short |
| BloFin TRB-USDT | +0.0137% | 4h | 18.966 | −0.113% | $352K | $154K | 50x | as long as short |
| Kraken Futures PF_TRBUSDlong | +0.1180% | 1h | 18.988 | long leg | $104K | $59K | 10x |
Variational Omni TRB
BloFin TRB-USDT