Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.116%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.116%, 7d avg +0.074%

Together, before fees−0.065%−$6 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 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRB_USDT	18.906	0.0100	pay 0.0050% / 4h	1h 27m	$15.7M	$1.2M	125x
Short	Bitget TRBUSDT	18.928	0.0100	get 0.0050% / 4h	1h 27m	$1.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.074%: $4.23
Slippage, 4 orders: −$54.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.7
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 2 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 MEXC live order book, 4 min ago	2.38 bp	7.0 bp −$7	29.6 bp −$296	51.6 bp −$5,162	122.1 bp −$61.0K
Sell Bitget live order book, 2 min ago	5.29 bp	33.5 bp −$33	75.8 bp −$758	doesn't fit	doesn't fit

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
BloFin TRB-USDT	+0.0055%	4h	18.887	−0.100%	$349K	$152K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	18.921	+0.079%	$468K	$275K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	18.905	−0.004%	$2K	$32K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	18.909	+0.016%	$4.9M	$10.6M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	18.932	+0.138%	$6.1M	$2.1M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	18.920	+0.074%	$4.3M	$4.8M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	18.900	−0.032%	$549K	$2.0M	50x	as long as short
MEXC TRB_USDTlong	+0.0100%	4h	18.906	long leg	$15.7M	$1.2M	125x
KuCoin TRBUSDTM	+0.0100%	4h	18.889	−0.090%	$1.1M	$325K	50x	as long as short
Bitget TRBUSDTshort	+0.0100%	4h	18.928	+0.116%	$1.3M	$1.5M	50x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TRB-USDT	+0.0100%	4h	18.903	−0.016%	—	$13.5M	—	as long as short
Variational Omni TRB	+0.0100%	4h	18.897	−0.047%	$15K	$14K	—	as long as short
Kraken Futures PF_TRBUSD	+0.1183%	1h	18.930	+0.125%	$104K	$58K	10x	as long as short