Funding you earn now, next payment 08:00 UTC−0.1013%/8h= −110.9% APRnext payment −$10.13 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.164%7-day average −0.245% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2082.085% of the position
Funding, last 1 day (all we have)0.000%$0 on $10k
+Price spread, last 18 hours (all we have)−0.115%−$11 · spread now −0.164%, 7d avg −0.245%
=The price spread pays, funding is against you. Bybit is 0.081% dearer against OKX than usual: you sell high and buy low (spread −0.164% now, against its 7-day average of −0.245%): +$8 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 6 hours.
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 −$10.13 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 | OKX TEM-USDT-SWAP | 78.128 | 0.1013 | pay 0.1013% / 8h | 3h 55m | $65K | $366K | 20x |
| Short | Bybit TEMUSDT | 78.000 | 0 | get 0.0000% / 8h | 3h 55m | $253K | $234K | 25x |
OKX TEM-USDT-SWAP
Bybit TEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$212.67
- Price spread: −0.164% → −0.245%
- $8.14
- Slippage, 4 orders
- −$187.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$413
- Costs to cover
- 2.085%
- Break-even
- never at this rate
Slippage from OKX: live order book, 60 min ago; Bybit: live order book, 44 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 OKX live order book, 60 min ago | 5.57 bp | 82.2 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 44 min ago | 9.62 bp | 51.5 bp −$52 | doesn't fit | 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 | 77.270 | −1.098% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 78.032 | −0.123% | $368K | $979K | 20x | as long as short |
| Bybit TEMUSDTshort | 0.0000% | 8h | 78.000 | −0.164% | $253K | $234K | 25x | |
| QFEX TEM-USD | 0.0000% | 1h | 77.960 | −0.215% | $1.1M | $965K | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.920 | −0.266% | $60K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.970 | −0.202% | $195K | $779K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 78.030 | −0.125% | $6K | $387K | 20x | as long as short |
| Phemex TEMUSDT | 0.0000% | 8h | 78.030 | −0.125% | $812K | $76K | 20x | as long as short |
| OKX TEM-USDT-SWAPlong | +0.1013% | 8h | 78.128 | long leg | $65K | $366K | 20x |
Injective TEM/USDC PERP
Binance TEMUSDT
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
Phemex TEMUSDT