Funding arb · Price arb /

TLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.061%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.061%, 7d avg −0.003%

Together, before fees+0.035%+$3 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 0.057% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TLMUSDT	0.001503	0.0100	pay 0.0050% / 4h	1h 39m	$1.5M	$2.3M	20x
Short	MEXC TLM_USDT	0.001502	0.0100	get 0.0050% / 4h	1h 39m	$1.1M	$359K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.003%: −$5.73
Slippage, 4 orders: −$53.06
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$72.78
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 6 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 Binance live order book, 10 min ago	3.33 bp	27.4 bp −$27	172.7 bp −$1,727	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	3.33 bp	9.2 bp −$9	43.5 bp −$435	191.5 bp −$19.2K	304.8 bp −$152.4K

TLM on 10 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
Aster TLMUSDT	+0.0100%	4h	0.001503	+0.020%	$7K	$4K	5x	as long as short
Binance TLMUSDTlong	+0.0100%	4h	0.001503	long leg	$1.5M	$2.3M	20x
Bybit TLMUSDT	+0.0100%	8h	0.001505	+0.159%	$428K	$309K	20x	as long as short
Gate TLM_USDT	+0.0100%	8h	0.001502	−0.061%	$100K	$493K	25x	as long as short
MEXC TLM_USDTshort	+0.0100%	4h	0.001502	−0.061%	$1.1M	$359K	20x
Bitget TLMUSDT	+0.0100%	4h	0.001503	+0.006%	$601K	$177K	10x	as long as short
BingX TLM-USDT	+0.0100%	4h	0.001503	+0.006%	—	$1.3M	—	as long as short
Variational Omni TLM	+0.0100%	8h	0.001506	+0.189%	$9K	$1K	—	as long as short
edgeX TLMUSDC	+0.0100%	4h	0.001503	+0.015%	$700	$208K	5x	as long as short
Kraken Futures PF_TLMUSD	+0.0234%	1h	0.001504	+0.093%	$23K	$3K	10x	as long as short