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: MEXC against OKX0.000%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.050%+$5 · spread now 0.000%, 7d avg −0.044%

Together, before fees+0.081%+$8 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: MEXC is 0.044% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRB-USDT-SWAP	19.260	0.0100	pay 0.0050% / 4h	1h 23m	$4.4M	$5.4M	20x
Short	MEXC TRB_USDT	19.260	0.0100	get 0.0050% / 4h	1h 23m	$15.5M	$1.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.044%: $4.37
Slippage, 4 orders: −$40.86
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.49
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: 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, 4 min ago	2.61 bp	17.1 bp −$17	125.9 bp −$1,259	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.09 bp	10.8 bp −$11	40.7 bp −$407	62.9 bp −$6,291	120.6 bp −$60.3K

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	+0.0099%	4h	19.243	−0.088%	$357K	$168K	50x	as long as short
Hyperliquid TRB	+0.0100%	1h	19.270	+0.052%	$479K	$275K	3x	as long as short
Aster TRBUSDT	+0.0100%	4h	19.257	−0.017%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	19.259	−0.005%	$5.1M	$11.8M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.290	+0.156%	$6.3M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAPlong	+0.0100%	4h	19.260	long leg	$4.4M	$5.4M	20x
Gate TRB_USDT	+0.0100%	4h	19.270	+0.052%	$563K	$2.2M	50x	as long as short
MEXC TRB_USDTshort	+0.0100%	4h	19.260	0.000%	$15.5M	$1.1M	125x
KuCoin TRBUSDTM	+0.0100%	4h	19.271	+0.057%	$1.2M	$335K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.289	+0.151%	$1.3M	$1.6M	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TRB-USDT	+0.0100%	4h	19.279	+0.099%	—	$5.1M	—	as long as short
Variational Omni TRB	+0.0100%	4h	19.291	+0.162%	$15K	$4K	—	as long as short
Kraken Futures PF_TRBUSD	+0.1552%	1h	19.314	+0.282%	$104K	$51K	10x	as long as short