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

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Bybit against Bitget+0.232%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$276as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2822.822% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.232%, 7d avg +0.060%
Together, before fees−0.339%−$34 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: Bybit is 0.172% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TLMUSDT0.0015060.0100pay 0.0050% / 4h1h 19m$601K$177K10x
ShortBybit TLMUSDT0.0015090.0100get 0.0100% / 8h5h 19m$429K$308K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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: +0.232% → +0.060%
$17.23
Slippage, 4 orders
−$259.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$265
Costs to cover
2.822%
Break-even
never at this rate
Slippage from Bitget: live order book, 41 min ago; Bybit: live order book, 36 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 Bitget live order book, 41 min ago6.66 bp22.3 bp −$2295.1 bp −$951doesn't fitdoesn't fit
Sell Bybit live order book, 36 min ago1.00 bp108.9 bp −$109doesn'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
Aster TLMUSDT+0.0100%4h0.001507+0.041%$7K$4K5xas long as short
Binance TLMUSDT+0.0100%4h0.001507+0.100%$1.5M$2.3M20xas long as short
Bybit TLMUSDTshort+0.0100%8h0.001509+0.232%$429K$308K20x
Gate TLM_USDT+0.0100%8h0.0015060.000%$100K$498K25xas long as short
MEXC TLM_USDT+0.0100%4h0.001507+0.066%$1.1M$361K20xas long as short
Bitget TLMUSDTlong+0.0100%4h0.001506long leg$601K$177K10x
BingX TLM-USDT+0.0100%4h0.001507+0.066%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001511+0.320%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001508+0.146%$702$209K5xas long as short
Kraken Futures PF_TLMUSD+0.0234%1h0.001507+0.096%$23K$3K10xas long as short