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

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit0.000%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$446as in the Funding arb table
Net, price: spread back to 7d avg − costs−$414as in the Price arb table
costs, in and out, $10k−$4184.184% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.280%−$28 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now 0.000%, 7d avg −0.044%
Together, before fees−0.285%−$28 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 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TLMUSDT0.0014710.0100pay 0.0100% / 8h5h 31m$364K$242K20x
ShortGate TLM_USDT0.0014710.0100get 0.0100% / 8h5h 31m$85K$465K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: 0.000% → −0.044%
$4.36
Slippage, 4 orders
−$392.38
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$414.03
Costs to cover
4.184%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 12 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, 6 min ago5.75 bp142.0 bp −$142doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 12 min ago3.38 bp69.5 bp −$70doesn't fitdoesn't fitdoesn't fit

TLM on 10 exchanges

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−0.0509%1h0.001470−0.037%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001472+0.036%$6K$6235xas long as short
Binance TLMUSDT+0.0100%4h0.001470−0.036%$1.5M$2.1M20xas long as short
Bybit TLMUSDTlong+0.0100%8h0.001471long leg$364K$242K20x
Gate TLM_USDTshort+0.0100%8h0.0014710.000%$85K$465K25x
MEXC TLM_USDT+0.0100%4h0.001470−0.068%$1.0M$405K20xas long as short
Bitget TLMUSDT+0.0100%4h0.001469−0.136%$588K$151K10xas long as short
BingX TLM-USDT+0.0100%4h0.001472+0.068%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001475+0.274%$8K$74as long as short
edgeX TLMUSDC+0.0100%4h0.001477+0.421%$686$211K5xas long as short