TBT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCTBT_USDT	37.945	−0.1142	get 0.1142% / 8h	7m 45s	$251K	$103K	20x	Long MEXC
SHORT	BitgetTBTUSDT	37.964	0	0.0000% / 8h	7m 45s	$146K	$79K	20x	Short Bitget

Price gap+0.050%

Funding gap+0.1142% /8h

Both sides work: funding pays +$34 a day on $10k, and the gap is 0.063% above its 7d average: +$6 more if it goes back.

If you open now and hold

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

Funding+$83+0.1142% /8h now · paid +0.827% over the last 7D

Price+$6spread +0.050% now, avg −0.013% → +0.063% if it goes back

Costs−$2092.088% of $10k · taker + slippage, in and out

Result−$120−1.20%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+0.050%

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

2 ok · 3 to watch

Watch: Thin at this size42.7 / 39.8 bp
At $10k entering MEXC costs 42.7 bp, fee and slippage, 1.1× Bitget’s.
Note: Margin at max leverage$500 + $500
MEXC 20x, Bitget 20x. 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: +$34.26Long MEXC: 3 payments, +$34.26; short Bitget: 3 payments, $0.00.
OK: Entry gap works for you+0.050% vs −0.013%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$146K vs $251K OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Bitget Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0394%/8h × 21 periods+$82.69

Price spread+0.050% → −0.013% (7d avg)+$6.35

Slippage, 4 orderslive order books−$188.83

Fee MEXC bp × 2 orders−$8.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$119.80

Costs to cover2.088%Break-even17.1 days

Slippage: MEXC: live order book, 22 min ago; Bitget: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC11.8842.7 bp−$43184.4 bp−$1,844232.4 bp−$23.2Kdoesn’t fit

SELL · SHORTBitget15.9639.8 bp−$40125.8 bp−$1,258doesn’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