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

TEM

RWAall TEM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Bitget−0.013%46s7-day average −0.370% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$540.538% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.093%−$9 · spread now −0.013%, 7d avg −0.370%
Together, before fees−0.094%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.357% dearer against Bitget than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.370%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TEMUSDT77.9500get 0.0000% / 8h4h 47m$195K$791K20x
ShortQFEX TEM-USD77.9400get 0.0000% / 1h47m 43s$1.1M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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
$0
Price spread: −0.013% → −0.370%
$35.68
Slippage, 4 orders
−$31.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$18.09
Costs to cover
0.538%
Break-even
never at this rate
Slippage from Bitget: live order book, 48 min ago; QFEX: live order book, 7 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 Bitget live order book, 48 min ago9.63 bp15.9 bp −$1621.0 bp −$210134.9 bp −$13.5Kdoesn't fit
Sell QFEX live order book, 7 min ago1.92 bp12.0 bp −$1217.3 bp −$173doesn't fitdoesn't fit

TEM on 9 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
Injective TEM/USDC PERP−0.0220%1h77.310−0.821%$8K$28K12xas long as short
Binance TEMUSDT0.0000%8h78.024+0.095%$370K$1.0M20xas long as short
Bybit TEMUSDT0.0000%8h77.960+0.013%$254K$241K25xas long as short
QFEX TEM-USDshort0.0000%1h77.940−0.013%$1.1M$1.1M10x
Gate TEM_USDT0.0000%8h77.900−0.064%$60K$9K20xas long as short
Bitget TEMUSDTlong0.0000%8h77.950long leg$195K$791K20x
HTX TEM-USDT0.0000%8h78.020+0.090%$6K$386K20xas long as short
Phemex TEMUSDT0.0000%8h78.030+0.103%$811K$79K20xas long as short
OKX TEM-USDT-SWAP+0.0936%8h78.106+0.200%$64K$366K20xas long as short