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

TRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.030%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$590.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.030%, 7d avg +0.030%
Together, before fees−0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TRB_USDT19.1240.0100pay 0.0050% / 4h1h 32m$15.4M$1.1M125x
ShortHyperliquid TRB19.1300.0100get 0.0013% / 1h32m 26s$475K$274K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.030% → +0.030%
$0.02
Slippage, 4 orders
−$45.64
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$58.62
Costs to cover
0.586%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 37 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 MEXC live order book, 1 min ago1.83 bp9.7 bp −$1040.3 bp −$40361.0 bp −$6,104117.0 bp −$58.5K
Sell Hyperliquid live order book, 37 min ago1.31 bp18.4 bp −$18doesn't fitdoesn'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 TRBshort+0.0100%1h19.130+0.030%$475K$274K3x
Aster TRBUSDT+0.0100%4h19.110−0.074%$7K$25K5xas long as short
Binance TRBUSDT+0.0100%4h19.121−0.013%$5.0M$11.8M50xas long as short
Bybit TRBUSDT+0.0100%4h19.145+0.110%$6.3M$2.2M50xas long as short
OKX TRB-USDT-SWAP+0.0100%4h19.130+0.031%$4.4M$5.3M20xas long as short
Gate TRB_USDT+0.0100%4h19.150+0.136%$569K$2.2M50xas long as short
MEXC TRB_USDTlong+0.0100%4h19.124long leg$15.4M$1.1M125x
KuCoin TRBUSDTM+0.0100%4h19.140+0.084%$1.2M$333K50xas long as short
Bitget TRBUSDT+0.0100%4h19.143+0.099%$1.3M$1.6M50xas long as short
BingX TRB-USDT+0.0100%4h19.143+0.099%$5.0Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRB+0.0100%4h19.173+0.257%$15K$4Kas long as short
BloFin TRB-USDT+0.0117%4h19.129+0.026%$355K$167K50xas long as short
Kraken Futures PF_TRBUSD+0.1563%1h19.176+0.274%$103K$51K10xas long as short