Funding arb · Price arb /

TLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: MEXC against Gate+0.133%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.133%, 7d avg +0.020%

Together, before fees+0.071%+$7 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: MEXC is 0.113% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TLM_USDT	0.001501	0.0100	pay 0.0100% / 8h	4h 02m	$98K	$490K	25x
Short	MEXC TLM_USDT	0.001503	0.0100	get 0.0050% / 4h	2m 10s	$1.1M	$372K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.020%: $11.3
Slippage, 4 orders: −$122.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$130.33
Costs to cover: 1.416%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 54 min ago	3.33 bp	55.8 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.33 bp	8.7 bp −$9	45.5 bp −$455	202.2 bp −$20.2K	295.9 bp −$148.0K

TLM on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TLMUSDT	+0.0100%	4h	0.001503	+0.107%	$7K	$4K	5x	as long as short
Binance TLMUSDT	+0.0100%	4h	0.001503	+0.109%	$1.5M	$2.3M	20x	as long as short
Bybit TLMUSDT	+0.0100%	8h	0.001504	+0.187%	$423K	$309K	20x	as long as short
Gate TLM_USDTlong	+0.0100%	8h	0.001501	long leg	$98K	$490K	25x
MEXC TLM_USDTshort	+0.0100%	4h	0.001503	+0.133%	$1.1M	$372K	20x
Bitget TLMUSDT	+0.0100%	4h	0.001502	+0.067%	$600K	$172K	10x	as long as short
BingX TLM-USDT	+0.0100%	4h	0.001503	+0.133%	—	$1.3M	—	as long as short
Variational Omni TLM	+0.0100%	8h	0.001503	+0.119%	$9K	$1K	—	as long as short
edgeX TLMUSDC	+0.0100%	4h	0.001501	+0.021%	$627	$210K	5x	as long as short
Kraken Futures PF_TLMUSD	+0.0400%	1h	0.001502	+0.072%	$22K	$4K	10x	as long as short