TRB arbitrage between HyperLiquid and HTX: we compare the price of TRB on HyperLiquid (futures) and HTX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Tellor Tributes

Smart contracts on Ethereum are fully self contained and any information or access to off-chain data is restricted. Tellor solves this problem by creating a system where parties can request the value of an off-chain data point (e.g. ETH/USD) and miners compete to add this value to an on-chain data bank, accessible by all Ethereum smart contracts. Inputs to a data series are secured by a network of staked miners. The main Tellor smart contract creates a time series of each requested data series and aims to become the standard source of high value data for decentralized applications. This oracle, “Tellor”, utilizes similar incentive mechanisms to other cryptocurrency systems through the issuance of Tellor’s token, Tributes, that are used to request a particular data series from miners.

Decentralized Finance (DeFi), Oracle, Polygon Ecosystem, Gnosis Chain Ecosystem

TRB: HTX — deposit open, withdrawal open.

Open interest in TRB right now — $16.0M: Bybit $4.1M, Binance $3.5M, BingX $3.5M, OKX $2.4M, KuCoin $1.2M. See OI TRB.

About TRB arbitrage

How do I read the TRB spread?

The spread is how many percent higher TRB trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and HTX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get TRB alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.