Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.150%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$900.895% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.150%, 7d avg +0.099%

Together, before fees+0.074%+$7 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: Bybit is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRB-USDT-SWAP	19.310	0.0100	pay 0.0050% / 4h	3h 27m	$4.4M	$5.2M	20x
Short	Bybit TRBUSDT	19.339	0.0100	get 0.0050% / 4h	3h 27m	$6.3M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.099%: $5.14
Slippage, 4 orders: −$68.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.38
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 OKX live order book, 5 min ago	5.16 bp	15.8 bp −$16	104.5 bp −$1,045	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.10 bp	23.1 bp −$23	102.8 bp −$1,028	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
Hyperliquid TRB	+0.0100%	1h	19.314	+0.021%	$480K	$262K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.329	+0.100%	$9K	$22K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.302	−0.040%	$5.2M	$11.1M	50x	as long as short
Bybit TRBUSDTshort	+0.0100%	4h	19.339	+0.150%	$6.3M	$2.1M	50x
OKX TRB-USDT-SWAPlong	+0.0100%	4h	19.310	long leg	$4.4M	$5.2M	20x
MEXC TRB_USDT	+0.0100%	4h	19.301	−0.047%	$15.5M	$1.0M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.338	+0.145%	$1.2M	$315K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.326	+0.083%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.336	+0.135%	—	$18.1M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.432	+0.630%	$15K	$4K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TRB-USDT	+0.0116%	4h	19.318	+0.041%	$367K	$172K	50x	as long as short
Gate TRB_USDT	+0.0208%	4h	19.350	+0.207%	$582K	$2.0M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1001%	1h	19.352	+0.218%	$103K	$99K	10x	as long as short