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 −0.003%
Price spread now: Bitget against Bybit−0.094%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2912.909% 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)+0.063%+$6 · spread now −0.094%, 7d avg −0.063%
Together, before fees+0.003%$0 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: Bitget is 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TLMUSDT0.0014860.0100pay 0.0100% / 8h24m 04s$384K$320K20x
ShortBitget TLMUSDT0.0014850.0100get 0.0050% / 4h24m 04s$598K$163K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.094% → −0.063%
−$3.08
Slippage, 4 orders
−$267.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$293.93
Costs to cover
2.909%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 11 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, 5 min ago2.35 bp136.6 bp −$137doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 11 min ago6.72 bp18.1 bp −$1882.3 bp −$823doesn'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−0.0188%1h0.001484−0.165%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001486−0.020%$7K$6235xas long as short
Binance TLMUSDT+0.0100%4h0.001486−0.040%$1.5M$2.3M20xas long as short
Bybit TLMUSDTlong+0.0100%8h0.001486long leg$384K$320K20x
Gate TLM_USDT+0.0100%8h0.001486−0.027%$89K$481K25xas long as short
MEXC TLM_USDT+0.0100%4h0.001485−0.094%$1.0M$411K20xas long as short
Bitget TLMUSDTshort+0.0100%4h0.001485−0.094%$598K$163K10x
BingX TLM-USDT+0.0100%4h0.001486−0.027%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001488+0.092%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001489+0.153%$538$210K5xas long as short