Settings8H · net · $10k
Funding arb · Price arb /

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0449%/8h= −49.1% APRpaid last 24h −0.294%
Price spread now: Kraken Futures against Aster−0.206%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.206% cheaper against Aster than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TLMUSDT0.0015010.0100pay 0.0050% / 4h1h 58m$7K$4K5x
ShortKraken Futures PF_TLMUSD0.001498−0.0349pay 0.0044% / 1h58m 55s$22K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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

Funding earned
−$94.25
Price spread: −0.206% → 0.000%
−$20.57
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$132.83
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Kraken Futures no order-book sample
Aster and Kraken Futures: 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.

TLM on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TLMUSDshort−0.0349%1h0.001498−0.206%$22K$4K10x
Aster TLMUSDTlong+0.0100%4h0.001501long leg$7K$4K5x
Binance TLMUSDT+0.0100%4h0.001502+0.115%$1.5M$2.3M20xas long as short
Bybit TLMUSDT+0.0100%8h0.001501+0.013%$386K$347K20xas long as short
MEXC TLM_USDT+0.0100%4h0.001500−0.047%$1.1M$415K20xas long as short
Bitget TLMUSDT+0.0100%4h0.001501+0.020%$604K$188K10xas long as short
BingX TLM-USDT+0.0100%4h0.001502+0.087%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001502+0.055%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001501+0.043%$543$211K5xas long as short
Gate TLM_USDT+0.0136%8h0.001502+0.087%$92K$484K25xas long as short