Settings8H · net · $10k
Funding arb · Price arb /

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.036%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2262.257% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.036%, 7d avg −0.014%
Together, before fees−0.039%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.051% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TRBUSDTM19.3350.0100pay 0.0050% / 4h3h 27m$1.2M$307K50x
ShortBitget TRBUSDT19.3420.0100get 0.0050% / 4h3h 27m$1.3M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Funding earned
$0
Price spread: +0.036% → −0.014%
$5.05
Slippage, 4 orders
−$201.73
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$220.68
Costs to cover
2.257%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago9.04 bp128.3 bp −$128doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.67 bp21.5 bp −$2265.2 bp −$652doesn't fitdoesn't fit

TRB on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TRB+0.0100%1h19.325−0.052%$486K$230K3xas long as short
Aster TRBUSDT+0.0100%4h19.327−0.043%$9K$20K5xas long as short
Binance TRBUSDT+0.0100%4h19.314−0.107%$5.1M$10.2M50xas long as short
Bybit TRBUSDT+0.0100%4h19.350+0.078%$6.3M$1.9M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.320−0.078%$4.4M$4.7M20xas long as short
MEXC TRB_USDT+0.0100%4h19.315−0.103%$14.8M$944K125xas long as short
KuCoin TRBUSDTMlong+0.0100%4h19.335long leg$1.2M$307K50x
Bitget TRBUSDTshort+0.0100%4h19.342+0.036%$1.3M$1.4M50x
BingX TRB-USDT+0.0100%4h19.345+0.052%$16.4Mas long as short
BloFin TRB-USDT+0.0148%4h19.327−0.041%$362K$172K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0269%4h19.410+0.388%$15K$4Kas long as short
Gate TRB_USDT+0.0654%4h19.360+0.129%$608K$1.5M50xas long as short
Kraken Futures PF_TRBUSD+0.2133%1h19.346+0.058%$103K$99K10xas long as short