TBT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKTBTUSDT-USDT	38.130	−0.0050	get 0.0050% / 8h	2h 45m	$998K	$682K	—	Long BingX
SHORT	BybitTBTUSDT	38.170	0	0.0000% / 8h	2h 45m	$143K	$50K	25x	Short Bybit

Price gap+0.105%

Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.037% under its 7d average: −$4 if it goes back, about 2.4 days of funding. At the last 7 days' pace that is about 6 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$104+0.0050% /8h now · paid +1.044% over the last 7D

Price−$4spread +0.105% now, avg +0.142% → −0.037% if it goes back

Costs−$1701.703% of $10k · taker + slippage, in and out

Result−$70−0.70%no points

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.105%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TBT on 10 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size24.6 / 59.1 bp
At $10k entering Bybit costs 59.1 bp, fee and slippage, 2.4× BingX’s.
Note: Margin at max leverage— + $400
BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.50Long BingX: 3 payments, +$1.50; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual+0.105% vs +0.142%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$143K vs $998K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0497%/8h × 21 periods+$104.43

Price spread+0.105% → +0.142% (7d avg)−$3.67

Slippage, 4 orderslive order books−$149.29

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$69.54

Costs to cover1.703%Break-even11.7 days

Slippage: BingX: live order book, 48 min ago; Bybit: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX6.5524.6 bp−$2589.1 bp−$891397.8 bp−$39.8K849.6 bp−$424.8K

SELL · SHORTBybit14.4159.1 bp−$59doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

TBT news

posts that mention TBT, from every exchange

11-04 18:03	Variational Omni	Listing	ProShares UltraShort 20+ Year Treasury $TBT perps are now live with zero fees and up to 10x leverage. @variational_io on X ↗
11-04 07:12	Variational Omni	Listing	new market TBT ($TBT) seen by our collector

TBT