Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1369%/8h= +149.9% APRpaid last 24h +0.246%

Price spread now: Kraken Futures against MEXC+0.432%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3,301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,280as in the Price arb table

costs, in and out, $10k−$3,31233.124% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)−0.360%−$36 · spread now +0.432%, 7d avg +0.110%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Kraken Futures is 0.322% dearer against MEXC than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.110%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRB_USDT	19.095	0.0100	pay 0.0050% / 4h	2h 40m	$14.9M	$992K	125x
Short	Kraken Futures PF_TRBUSD	19.177	0.1469	get 0.0184% / 1h	40m 08s	$102K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.432%Rate

Funding earned: $287.55
Price spread: +0.432% → +0.110%: $32.17
Slippage, 4 orders: −$3,298.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2,992.73
Costs to cover: 33.124%
Break-even: 79.9 days

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 27 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, 3 min ago	1.82 bp	9.7 bp −$10	39.2 bp −$392	61.0 bp −$6,096	120.2 bp −$60.1K
Sell Kraken Futures live order book, 27 min ago	17.97 bp	35.7 bp −$36	doesn't fit	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	+0.0095%	4h	19.286	+1.000%	$364K	$184K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.100	+0.026%	$494K	$243K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.127	+0.167%	$9K	$20K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.110	+0.079%	$5.1M	$10.4M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.125	+0.157%	$6.3M	$2.0M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.130	+0.183%	$4.4M	$4.8M	20x	as long as short
MEXC TRB_USDTlong	+0.0100%	4h	19.095	long leg	$14.9M	$992K	125x
KuCoin TRBUSDTM	+0.0100%	4h	19.112	+0.089%	$1.2M	$306K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.099	+0.021%	$1.3M	$1.4M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.095	0.000%	—	$16.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0363%	4h	19.212	+0.613%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0854%	4h	19.120	+0.131%	$622K	$1.6M	50x	as long as short
Kraken Futures PF_TRBUSDshort	+0.1469%	1h	19.177	+0.432%	$102K	$99K	10x