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

TST

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.020%
Price spread now: BingX against Extended−0.225%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2142.143% 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)+0.192%+$19 · spread now −0.225%, 7d avg −0.005%
Together, before fees+0.163%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.220% cheaper against Extended than usual: you would sell low and buy high (spread −0.225% now, against its 7-day average of −0.005%). If the spread goes back, that is −$22 on $10k: about 39 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TST-USD0.018090.0184pay 0.0023% / 1h59m 55s$6K$203K5x
ShortBingX TST-USDT0.018050.0203get 0.0101% / 4h1h 59m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$3.95
Price spread: −0.225% → −0.005%
−$22.03
Slippage, 4 orders
−$199.31
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$232.39
Costs to cover
2.143%
Break-even
419.0 days
Slippage from Extended: live order book, 46 min ago; BingX: live order book, 16 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 Extended live order book, 46 min ago5.33 bp62.9 bp −$63521.1 bp −$5,211doesn't fitdoesn't fit
Sell BingX live order book, 16 min ago11.65 bp38.3 bp −$38126.5 bp −$1,265924.2 bp −$92.4Kdoesn'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+0.0100%4h0.01807−0.138%$15K$15K5xas long as short
Extended TST-USDlong+0.0184%1h0.01809long leg$6K$203K5x
Binance TSTUSDT+0.0186%4h0.01809−0.004%$3.3M$7.6M20xas long as short
MEXC TST_USDT+0.0190%4h0.01807−0.114%$536K$179K50xas long as short
BingX TST-USDTshort+0.0203%4h0.01805−0.225%$1.3M