Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex−0.095%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1271.268% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 2 days (all we have)+0.095%+$9 · spread now −0.095%, 7d avg +0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.131% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TEMUSDT | 78.030 | 0 | get 0.0000% / 8h | 7h 51m | $810K | $90K | 20x |
| Short | Binance TEMUSDT | 77.956 | 0 | get 0.0000% / 8h | 7h 51m | $383K | $1.2M | 20x |
Phemex TEMUSDT
Binance TEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: −0.095% → +0.036%
- −$13.05
- Slippage, 4 orders
- −$104.77
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$139.82
- Costs to cover
- 1.268%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 20 min ago; Binance: live order book, 11 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 Phemex live order book, 20 min ago | 7.69 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 8.33 bp | 29.7 bp −$30 | 113.1 bp −$1,131 | 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 | 77.170 | −1.102% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDTshort | 0.0000% | 8h | 77.956 | −0.095% | $383K | $1.2M | 20x | |
| Bybit TEMUSDT | 0.0000% | 8h | 77.940 | −0.115% | $247K | $240K | 25x | as long as short |
| OKX TEM-USDT-SWAP | 0.0000% | 8h | 77.605 | −0.545% | $40K | $335K | 20x | as long as short |
| QFEX TEM-USD | 0.0000% | 1h | 77.830 | −0.256% | $1.1M | $1.5M | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.840 | −0.243% | $60K | $8K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.800 | −0.295% | $176K | $807K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.980 | −0.064% | $6K | $383K | 20x | as long as short |
| Phemex TEMUSDTlong | 0.0000% | 8h | 78.030 | long leg | $810K | $90K | 20x |
Injective TEM/USDC PERP
Bybit TEMUSDT
OKX TEM-USDT-SWAP
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT