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

TST

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.020%
Price spread now: Extended against BingX−0.083%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2172.171% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.083%, 7d avg +0.005%
Together, before fees+0.145%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.087% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TST-USDT0.017360.0440pay 0.0220% / 4h2h 41m$1.3M
ShortExtended TST-USD0.017350.0400get 0.0050% / 1h41m 12s$7K$196K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
−$8.4
Price spread: −0.083% → +0.005%
−$8.75
Slippage, 4 orders
−$202.08
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$234.23
Costs to cover
2.171%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 5 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 BingX live order book, 10 min ago11.18 bp43.0 bp −$43139.0 bp −$1,390744.7 bp −$74.5K1099.5 bp −$549.7K
Sell Extended live order book, 5 min ago5.33 bp70.2 bp −$70doesn't fitdoesn't fitdoesn't fit

TST on 5 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 TSTUSDT+0.0163%4h0.01732−0.248%$14K$13K5xas long as short
Extended TST-USDshort+0.0400%1h0.01735−0.083%$7K$196K5x
Binance TSTUSDT+0.0401%4h0.01732−0.238%$3.2M$6.9M20xas long as short
MEXC TST_USDT+0.0414%4h0.017360.000%$531K$167K50xas long as short
BingX TST-USDTlong+0.0440%4h0.01736long leg$1.3M