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

TLM

all TLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against MEXC−0.067%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.067%, 7d avg −0.041%
Together, before fees+0.082%+$8 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 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TLM_USDT0.0014990.0100pay 0.0050% / 4h1h 59m$1.1M$415K20x
ShortBitget TLMUSDT0.0014980.0100get 0.0050% / 4h1h 59m$603K$188K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: −0.067% → −0.041%
−$2.54
Slippage, 4 orders
−$39.63
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$58.16
Costs to cover
0.556%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 46 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 MEXC live order book, 1 min ago3.33 bp11.0 bp −$1160.9 bp −$609211.0 bp −$21.1K308.7 bp −$154.3K
Sell Bitget live order book, 46 min ago3.35 bp16.6 bp −$1779.4 bp −$794doesn'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−0.0658%1h0.001500+0.036%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001499−0.013%$7K$4K5xas long as short
Binance TLMUSDT+0.0100%4h0.001500+0.051%$1.5M$2.3M20xas long as short
Bybit TLMUSDT+0.0100%8h0.001500+0.073%$386K$347K20xas long as short
MEXC TLM_USDTlong+0.0100%4h0.001499long leg$1.1M$415K20x
Bitget TLMUSDTshort+0.0100%4h0.001498−0.067%$603K$188K10x
BingX TLM-USDT+0.0100%4h0.0014990.000%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001502+0.168%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001501+0.157%$543$211K5xas long as short
Gate TLM_USDT+0.0136%8h0.0014990.000%$92K$484K25xas long as short