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

TNSR

all TNSR markets
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: Hyperliquid against Bitget+0.155%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.155% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TNSRUSDT0.038620.0100pay 0.0050% / 4h4m 37s$1.8M$327K25x
ShortHyperliquid TNSR0.038680.0100get 0.0013% / 1h4m 37s$69K$60K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.155% → 0.000%
$15.54
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.46
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; Hyperliquid: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago5.18 bp45.1 bp −$45487.5 bp −$4,875doesn't fitdoesn't fit
Sell Hyperliquid no order-book sample
Hyperliquid: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TNSR on 11 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_TNSRUSD−0.0256%1h0.03862+0.007%$18K$15K10xas long as short
Hyperliquid TNSRshort+0.0100%1h0.03868+0.155%$69K$60K3x
Aster TNSRUSDT+0.0100%4h0.03865+0.066%$15K$28K5xas long as short
Binance TNSRUSDT+0.0100%4h0.03864+0.064%$2.3M$3.5M25xas long as short
Bybit TNSRUSDT+0.0100%4h0.03858−0.104%$1.2M$487K25xas long as short
Gate TNSR_USDT+0.0100%4h0.03870+0.207%$147K$110K20xas long as short
MEXC TNSR_USDT+0.0100%4h0.03864+0.052%$389K$198K50xas long as short
KuCoin TNSRUSDTM+0.0100%4h0.03866+0.104%$1.2M$2.2M30xas long as short
Bitget TNSRUSDTlong+0.0100%4h0.03862long leg$1.8M$327K25x
BingX TNSR-USDT+0.0100%4h0.038620.000%$6.6Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TNSR+0.0100%4h0.03860−0.043%$6K$4Kas long as short