Funding you earn now, next payment 08:00 UTC+0.1137%/8h= +124.5% APRnext payment +$11.37 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.187%7-day average +0.301% · 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−$114as in the Price arb table
costs, in and out, $10k−$1021.024% of the position
Funding, last 1 day (all we have)0.000%$0 on $10k
+Price spread, last 1 day (all we have)+0.115%+$12 · spread now +0.187%, 7d avg +0.301%
=Funding pays, the price is against you. OKX is 0.113% cheaper against Bitget than usual: you would sell low and buy high (spread +0.187% now, against its 7-day average of +0.301%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$34 a day).
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 +$11.37 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 | Bitget TEMUSDT | 77.960 | 0 | get 0.0000% / 8h | 2h 18m | $195K | $770K | 20x |
| Short | OKX TEM-USDT-SWAP | 78.106 | 0.1137 | get 0.1137% / 8h | 2h 18m | $67K | $370K | 20x |
Bitget TEMUSDT
OKX TEM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $238.72
- Price spread: +0.187% → +0.301%
- −$11.33
- Slippage, 4 orders
- −$80.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $124.99
- Costs to cover
- 1.024%
- Break-even
- 3.3 days
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 27 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 Bitget live order book, 3 min ago | 6.41 bp | 13.7 bp −$14 | 31.5 bp −$315 | doesn't fit | doesn't fit |
| Sell OKX live order book, 27 min ago | 15.91 bp | 24.3 bp −$24 | 45.5 bp −$455 | 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 | 77.180 | −1.001% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 77.870 | −0.115% | $372K | $842K | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 77.880 | −0.103% | $252K | $230K | 25x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.880 | −0.103% | $59K | $10K | 20x | as long as short |
| Bitget TEMUSDTlong | 0.0000% | 8h | 77.960 | long leg | $195K | $770K | 20x | |
| HTX TEM-USDT | 0.0000% | 8h | 77.910 | −0.064% | $6K | $386K | 20x | as long as short |
| Phemex TEMUSDT | 0.0000% | 8h | 77.890 | −0.090% | $811K | $69K | 20x | as long as short |
| QFEX TEM-USD | 0.0000% | 1h | 77.850 | −0.141% | $1.1M | $909K | 10x | as long as short |
| OKX TEM-USDT-SWAPshort | +0.1137% | 8h | 78.106 | +0.187% | $67K | $370K | 20x |
Injective TEM/USDC PERP
Binance TEMUSDT
Bybit TEMUSDT
Gate TEM_USDT
HTX TEM-USDT
Phemex TEMUSDT
QFEX TEM-USD