Funding arb · Price arb /

TRB

all TRB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Hyperliquid against Variational Omni+0.202%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.202% dearer against Variational Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRB	18.882	0.0100	pay 0.0050% / 4h	2h 22m	$15K	$4K	—
Short	Hyperliquid TRB	18.920	0.0100	get 0.0013% / 1h	22m 37s	$472K	$268K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → 0.000%: $20.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $11.19
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 57 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 57 min ago	1.30 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0088%	4h	18.870	−0.063%	$352K	$165K	50x	as long as short
Hyperliquid TRBshort	+0.0100%	1h	18.920	+0.202%	$472K	$268K	3x
Aster TRBUSDT	+0.0100%	4h	18.884	+0.013%	$7K	$25K	5x	as long as short
Binance TRBUSDT	+0.0100%	4h	18.920	+0.202%	$5.0M	$11.7M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	18.939	+0.302%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	18.940	+0.308%	$4.3M	$5.2M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	18.900	+0.096%	$582K	$2.2M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	18.912	+0.159%	$15.1M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	18.897	+0.080%	$1.1M	$332K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	18.931	+0.260%	$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	18.892	+0.054%	—	$18.2M	—	as long as short
Variational Omni TRBlong	+0.0100%	4h	18.882	long leg	$15K	$4K	—
Kraken Futures PF_TRBUSD	+0.1257%	1h	18.908	+0.138%	$102K	$71K	10x	as long as short