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: Bybit against Phemex−0.013%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1771.767% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.013%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.030% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TEMUSDT | 77.940 | 0 | get 0.0000% / 8h | 4h 45m | $811K | $79K | 20x |
| Short | Bybit TEMUSDT | 77.930 | 0 | get 0.0000% / 8h | 4h 45m | $254K | $241K | 25x |
Phemex TEMUSDT
Bybit TEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.013% → +0.017%
- −$3
- Slippage, 4 orders
- −$153.66
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$179.66
- Costs to cover
- 1.767%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 12 min ago; Bybit: live order book, 60 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, 12 min ago | 3.85 bp | 32.8 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 60 min ago | 5.14 bp | 22.6 bp −$23 | 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 | 77.230 | −0.911% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 77.940 | 0.000% | $369K | $1.0M | 20x | as long as short |
| Bybit TEMUSDTshort | 0.0000% | 8h | 77.930 | −0.013% | $254K | $241K | 25x | |
| QFEX TEM-USD | 0.0000% | 1h | 77.870 | −0.090% | $1.1M | $1.1M | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.870 | −0.090% | $60K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.900 | −0.051% | $195K | $791K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.970 | +0.038% | $6K | $387K | 20x | as long as short |
| Phemex TEMUSDTlong | 0.0000% | 8h | 77.940 | long leg | $811K | $79K | 20x | |
| OKX TEM-USDT-SWAP | +0.0953% | 8h | 78.106 | +0.213% | $64K | $366K | 20x | as long as short |
Injective TEM/USDC PERP
Binance TEMUSDT
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
OKX TEM-USDT-SWAP