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

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against MEXC+0.100%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2752.745% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.100%, 7d avg +0.019%
Together, before fees−0.020%−$2 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: Bybit is 0.081% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TLM_USDT0.0015020.0100pay 0.0050% / 4h26m 50s$1.1M$371K20x
ShortBybit TLMUSDT0.0015040.0100get 0.0100% / 8h4h 26m$422K$309K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.100% → +0.019%
$8.13
Slippage, 4 orders
−$259.51
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$266.38
Costs to cover
2.745%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 23 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, 4 min ago3.32 bp10.0 bp −$1051.0 bp −$510206.6 bp −$20.7K319.4 bp −$159.7K
Sell Bybit live order book, 23 min ago1.00 bp115.8 bp −$116doesn't fitdoesn'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
Aster TLMUSDT+0.0100%4h0.001502+0.009%$7K$4K5xas long as short
Binance TLMUSDT+0.0100%4h0.0015020.000%$1.5M$2.3M20xas long as short
Bybit TLMUSDTshort+0.0100%8h0.001504+0.100%$422K$309K20x
Gate TLM_USDT+0.0100%8h0.0015020.000%$98K$486K25xas long as short
MEXC TLM_USDTlong+0.0100%4h0.001502long leg$1.1M$371K20x
Bitget TLMUSDT+0.0100%4h0.0015020.000%$600K$178K10xas long as short
BingX TLM-USDT+0.0100%4h0.0015020.000%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001505+0.219%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001504+0.105%$700$210K5xas long as short
Kraken Futures PF_TLMUSD+0.0400%1h0.001502−0.012%$22K$4K10xas long as short