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

TLM

all TLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: Bybit against BingX−0.007%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2652.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.007%, 7d avg −0.007%
Together, before fees−0.126%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TLM-USDT0.0014940.0100pay 0.0050% / 4h2h 43m$1.3M
ShortBybit TLMUSDT0.0014940.0100get 0.0100% / 8h2h 43m$388K$341K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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
$0
Price spread: −0.007% → −0.007%
$0.03
Slippage, 4 orders
−$244.24
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$265.22
Costs to cover
2.652%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago10.01 bp19.3 bp −$1973.3 bp −$733454.9 bp −$45.5K498.0 bp −$249.0K
Sell Bybit live order book, 62 min ago2.65 bp91.2 bp −$91doesn't fitdoesn't fitdoesn't fit

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_TLMUSD−0.0661%1h0.001492−0.103%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001493−0.051%$7K$4K5xas long as short
Binance TLMUSDT+0.0100%4h0.001493−0.067%$1.5M$2.3M20xas long as short
Bybit TLMUSDTshort+0.0100%8h0.001494−0.007%$388K$341K20x
Gate TLM_USDT+0.0100%8h0.001492−0.134%$93K$500K25xas long as short
MEXC TLM_USDT+0.0100%4h0.001493−0.067%$1.0M$407K20xas long as short
Bitget TLMUSDT+0.0100%4h0.001493−0.067%$599K$185K10xas long as short
BingX TLM-USDTlong+0.0100%4h0.001494long leg$1.3M
Variational Omni TLM+0.0100%8h0.001496+0.157%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001497+0.214%$541$211K5xas long as short