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

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Bitget0.000%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1791.793% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.220%−$22 on $10k
Price spread, last 4 days (all we have)−0.139%−$14 · spread now 0.000%, 7d avg +0.021%
Together, before fees−0.359%−$36 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: Gate is 0.021% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TLMUSDT0.0014980.0100pay 0.0050% / 4h3h 05m$602K$159K10x
ShortGate TLM_USDT0.0014980.0100get 0.0100% / 8h7h 05m$88K$483K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: 0.000% → +0.021%
−$2.09
Slippage, 4 orders
−$152.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$181.38
Costs to cover
1.793%
Break-even
never at this rate
Slippage from Bitget: live order book, 25 min ago; Gate: live order book, 26 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, 25 min ago6.75 bp21.8 bp −$22109.1 bp −$1,091doesn't fitdoesn't fit
Sell Gate live order book, 26 min ago3.38 bp75.1 bp −$75doesn'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−0.1136%1h0.001497−0.052%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001498+0.017%$7K$6235xas long as short
Binance TLMUSDT+0.0100%4h0.001499+0.049%$1.5M$2.1M20xas long as short
Bybit TLMUSDT+0.0100%8h0.001498+0.027%$384K$260K20xas long as short
Gate TLM_USDTshort+0.0100%8h0.0014980.000%$88K$483K25x
MEXC TLM_USDT+0.0100%4h0.001497−0.067%$1.1M$424K20xas long as short
Bitget TLMUSDTlong+0.0100%4h0.001498long leg$602K$159K10x
BingX TLM-USDT+0.0100%4h0.0014980.000%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001500+0.107%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001499+0.067%$611$211K5xas long as short