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

TLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against MEXC+0.067%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1451.451% of the position
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)−0.067%−$7 · spread now +0.067%, 7d avg −0.019%
Together, before fees−0.272%−$27 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 0.086% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TLM_USDT0.0014880.0100pay 0.0050% / 4h3h 39m$1.0M$413K20x
ShortGate TLM_USDT0.0014890.0100get 0.0100% / 8h7h 39m$88K$474K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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% → −0.019%
$8.63
Slippage, 4 orders
−$126.12
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$136.5
Costs to cover
1.451%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 57 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, 2 min ago3.36 bp11.2 bp −$1156.3 bp −$563203.4 bp −$20.3K303.2 bp −$151.6K
Sell Gate live order book, 57 min ago6.72 bp62.0 bp −$62doesn'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
Kraken Futures PF_TLMUSD−0.1146%1h0.001484−0.254%$22K$4K10xas long as short
Aster TLMUSDT+0.0100%4h0.001489+0.082%$7K$6235xas long as short
Binance TLMUSDT+0.0100%4h0.001489+0.067%$1.5M$2.2M20xas long as short
Bybit TLMUSDT+0.0100%8h0.001489+0.081%$384K$317K20xas long as short
Gate TLM_USDTshort+0.0100%8h0.001489+0.067%$88K$474K25x
MEXC TLM_USDTlong+0.0100%4h0.001488long leg$1.0M$413K20x
Bitget TLMUSDT+0.0100%4h0.0014880.000%$596K$163K10xas long as short
BingX TLM-USDT+0.0100%4h0.0014880.000%$1.3Mas long as short
Variational Omni TLM+0.0100%8h0.001490+0.145%$9K$1Kas long as short
edgeX TLMUSDC+0.0100%4h0.001490+0.116%$607$210K5xas long as short