ArbiLayer

TRB arbitrage

live

Live Tellor Tributes price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.07%MEXC → Bybit · Perp–Perp
Best perp–perp spread+0.23%MEXC → Bybit
Markets tracked1510 venues · 10 perp · 5 spot · 0 DEX
Price range0.26%$20.29 – $20.34

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$20.33Bybit logoBybit$20.34 +0.04%-0.16% +0.04%— +0.030%— LS Chart →
Binance logoBinancespot$20.34Bybit logoBybit$20.34 -0.01%-0.21% -0.00%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$20.35Bybit logoBybit$20.34 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
OKX logoOKXspot$20.35Bybit logoBybit$20.34 -0.06%-0.26% -0.05%— +0.030%— LS Chart →
Bitget logoBitgetspot$20.35Bybit logoBybit$20.34 -0.06%-0.26% -0.05%— +0.030%— LS Chart →
Gate logoGatespot$20.33Bitget logoBitget$20.32 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
Gate logoGatespot$20.33Hyperliquid logoHyperliquid$20.31 -0.10%-0.30% -0.10%— +0.030%— LS Chart →
Gate logoGatespot$20.33Binance logoBinance$20.31 -0.11%-0.31% -0.11%— +0.030%+0.85% LS Chart →
Binance logoBinancespot$20.34Bitget logoBitget$20.32 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
Gate logoGatespot$20.33Variational logoVariational$20.31 -0.12%-0.32% -0.12%— +0.030%— LS Chart →
Gate logoGatespot$20.33KuCoin logoKuCoin$20.30 -0.13%-0.33% -0.13%— +0.030%— LS Chart →
Gate logoGatespot$20.33Gate logoGate$20.30 -0.15%-0.35% -0.14%— +0.030%— LS Chart →
Gate logoGatespot$20.33OKX logoOKX$20.30 -0.15%-0.35% -0.14%— +0.030%+0.41% LS Chart →
Binance logoBinancespot$20.34Hyperliquid logoHyperliquid$20.31 -0.15%-0.35% -0.15%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$20.35Bitget logoBitget$20.32 -0.16%-0.36% -0.15%— +0.030%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

TRB price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · TRB-USDT-SWAPPerpetual $20.30$20.32$20.31-0.06% +0.030%$28.51M
Bybit logoBybitPerpetual · TRBUSDTPerpetual $20.34$20.35$20.34+0.11% +0.030%$11.19M
MEXC logoMEXCPerpetual · TRB_USDTPerpetual $20.29$20.29$20.29-0.15% +0.030%$8.26M
OKX logoOKXSpot · TRB-USDTSpot $20.33$20.35$20.34+0.09% —$7.16M
Bitget logoBitgetPerpetual · TRBUSDTPerpetual $20.32$20.33$20.32+0.01% +0.030%$6.84M
Gate logoGatePerpetual · TRB_USDTPerpetual $20.30$20.32$20.31-0.06% +0.030%$6.82M
KuCoin logoKuCoinPerpetual · TRBUSDTMPerpetual $20.30$20.32$20.31-0.06% +0.030%$2.76M
Hyperliquid logoHyperliquidPerpetual · TRBPerpetual $20.31$20.34$20.32+0.01% +0.030%$1.59M
KuCoin logoKuCoinSpot · TRB-USDTSpot $20.32$20.35$20.33+0.05% —$687.2K
Gate logoGateSpot · TRB_USDTSpot $20.31$20.33$20.32-0.01% —$507.4K
Bitget logoBitgetSpot · TRBUSDTSpot $20.32$20.35$20.34+0.07% —$294.6K
Variational logoVariationalPerpetual · TRBPerpetual $20.31$20.34$20.320.00% +0.030%$141.4K
Binance logoBinancePerpetual · TRBUSDTPerpetual $20.31$20.31$20.31-0.06% +0.030%—
Aster logoAsterPerpetual · TRBUSDTPerpetual $20.30$20.32$20.31-0.07% -0.013%—
Binance logoBinanceSpot · TRBUSDTSpot $20.33$20.34$20.34+0.07% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

TRB arbitrage explained

Right now Tellor Tributes (TRB) trades on 10 venues we scan: 10 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $20.29 and the highest bid on Bybit perp at $20.34.

The widest TRB perpetual spread is between MEXC and Bybit: long TRB on MEXC at $20.29 and short on Bybit at $20.34 for +0.23% gross, or +0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best TRB route is to buy spot on Gate and short the perpetual on Bybit: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.

Spot–spot TRB arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small TRB gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: TRB funding rates · TRB spread charts · Tellor Tributes price · arbitrage scanner for all coins.

Is there a TRB arbitrage opportunity right now?

The best TRB route right now is to buy on MEXC → sell on Bybit (Perp–Perp): +0.23% gross and +0.07% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest TRB?

MEXC (perp) has the lowest TRB ask at $20.29, and Bybit (perp) the highest bid at $20.34. Prices update every 15 seconds on this page.

How many exchanges list TRB?

ArbiLayer tracks 15 TRB markets on 10 venues: 10 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage TRB without transferring coins?

Use two perpetual contracts: go long TRB on the cheaper exchange (MEXC now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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