TEM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0563%/8h= −61.6% APRnext payment −$5.63 per $10,000 · paid last 24h −0.142%

Price spread now: Phemex against OKX+0.115%7-day average −0.226% · 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−$222as in the Price arb table

costs, in and out, $10k−$2562.564% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.142%−$14 on $10k

Price spread, last 1 day (all we have)−0.341%−$34 · spread now +0.115%, 7d avg −0.226%

Together, before fees−0.484%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.342% dearer against OKX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.226%): +$34 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TEM-USDT-SWAP	78.000	0.0563	pay 0.0563% / 8h	4h 47m	$136K	$296K	20x
Short	Phemex TEMUSDT	78.090	0	get 0.0000% / 8h	4h 47m	$813K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$118.18
Price spread: +0.115% → −0.226%: $34.17
Slippage, 4 orders: −$234.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$340.45
Costs to cover: 2.564%
Break-even: never at this rate

Slippage from OKX: live order book, 56 min ago; Phemex: live order book, 58 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, 56 min ago	14.02 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 58 min ago	4.49 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit

TEM on 9 exchanges

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
Binance TEMUSDT	0.0000%	8h	78.040	+0.051%	$393K	$758K	20x	as long as short
Bybit TEMUSDT	0.0000%	8h	78.080	+0.103%	$299K	$250K	25x	as long as short
QFEX TEM-USD	0.0000%	1h	77.920	−0.103%	$1.1M	$813K	10x	as long as short
Gate TEM_USDT	0.0000%	8h	78.010	+0.013%	$65K	$12K	20x	as long as short
Bitget TEMUSDT	0.0000%	8h	78.020	+0.026%	$211K	$747K	20x	as long as short
HTX TEM-USDT	0.0000%	8h	78.080	+0.103%	$6K	$381K	20x	as long as short
Phemex TEMUSDTshort	0.0000%	8h	78.090	+0.115%	$813K	$62K	20x
Injective TEM/USDC PERP	+0.0033%	1h	76.970	−1.321%	$8K	$28K	12x	as long as short
OKX TEM-USDT-SWAPlong	+0.0563%	8h	78.000	long leg	$136K	$296K	20x