TEM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0846%/8h= +92.7% APRnext payment +$8.46 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.416%7-day average +0.240% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)0.000%$0 on $10k

Price spread, last 18 hours (all we have)−0.094%−$9 · spread now +0.416%, 7d avg +0.240%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and OKX is 0.177% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.240%.

The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TEMUSDT	78.005	0	get 0.0000% / 8h	5h 32m	$385K	$1.1M	20x
Short	OKX TEM-USDT-SWAP	78.330	0.0846	get 0.0846% / 8h	5h 32m	$60K	$362K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now +0.416%Rate

Funding earned: $177.73
Price spread: +0.416% → +0.240%: $17.66
Slippage, 4 orders: −$96.69
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $78.7
Costs to cover: 1.167%
Break-even: 3.9 days

Slippage from Binance: live order book, 15 min ago; OKX: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 15 min ago	3.21 bp	33.2 bp −$33	95.5 bp −$955	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	7.93 bp	13.1 bp −$13	36.2 bp −$362	doesn't fit	doesn't fit

TEM on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TEM/USDC PERP	−0.0220%	1h	77.130	−1.122%	$8K	$28K	12x	as long as short
Binance TEMUSDTlong	0.0000%	8h	78.005	long leg	$385K	$1.1M	20x
Bybit TEMUSDT	0.0000%	8h	77.950	−0.071%	$251K	$240K	25x	as long as short
Gate TEM_USDT	0.0000%	8h	77.870	−0.173%	$60K	$8K	20x	as long as short
Bitget TEMUSDT	0.0000%	8h	77.870	−0.173%	$195K	$813K	20x	as long as short
HTX TEM-USDT	0.0000%	8h	78.010	+0.006%	$6K	$385K	20x	as long as short
Phemex TEMUSDT	0.0000%	8h	78.010	+0.006%	$810K	$86K	20x	as long as short
QFEX TEM-USD	0.0000%	1h	77.910	−0.122%	$1.1M	$1.3M	10x	as long as short
OKX TEM-USDT-SWAPshort	+0.0846%	8h	78.330	+0.416%	$60K	$362K	20x