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

TLM

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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: BingX against Bybit−0.087%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2692.688% 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)+0.152%+$15 · spread now −0.087%, 7d avg +0.006%
Together, before fees+0.229%+$23 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: BingX is 0.093% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TLMUSDT0.0015010.0100pay 0.0100% / 8h3h 12m$425K$306K20x
ShortBingX TLM-USDT0.0015000.0100get 0.0050% / 4h3h 12m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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: −0.087% → +0.006%
−$9.27
Slippage, 4 orders
−$247.84
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$278.11
Costs to cover
2.688%
Break-even
never at this rate
Slippage from Bybit: live order book, 33 min ago; BingX: live order book, 4 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 Bybit live order book, 33 min ago2.65 bp135.1 bp −$1357947.4 bp −$79.5Kdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago6.66 bp22.2 bp −$2284.7 bp −$847453.3 bp −$45.3K496.9 bp −$248.5K

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−0.0103%1h0.001496−0.345%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001500−0.114%$7K$4K5xas long as short
Binance TLMUSDT+0.0100%4h0.001500−0.119%$1.5M$2.3M20xas long as short
Bybit TLMUSDTlong+0.0100%8h0.001501long leg$425K$306K20x
Gate TLM_USDT+0.0100%8h0.001499−0.153%$97K$502K25xas long as short
MEXC TLM_USDT+0.0100%4h0.001499−0.153%$1.1M$397K20xas long as short
Bitget TLMUSDT+0.0100%4h0.001499−0.153%$596K$181K10xas long as short
BingX TLM-USDTshort+0.0100%4h0.001500−0.087%$1.3M
Variational Omni TLM+0.0100%8h0.001503+0.142%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001501−0.042%$477$211K5xas long as short