Funding you earn now, next payment 16:00 UTC+0.1499%/8h= +164.2% APRnext payment +$14.99 per $10,000 · paid last 24h +0.142%
Price spread now: OKX against Phemex+0.240%7-day average +0.241% · 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−$107as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 1 day (all we have)+0.142%+$14 on $10k
+Price spread, last 1 day (all we have)+0.094%+$9 · spread now +0.240%, 7d avg +0.241%
=The price spread sits at its 7-day average of +0.241%, so right now this pair is about funding alone: +$45 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.142% in total (about 38.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.99 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 | Phemex TEMUSDT | 77.920 | 0 | get 0.0000% / 8h | 7h 44m | $811K | $67K | 20x |
| Short | OKX TEM-USDT-SWAP | 78.107 | 0.1499 | get 0.1499% / 8h | 7h 44m | $81K | $388K | 20x |
Phemex TEMUSDT
OKX TEM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $314.82
- Price spread: +0.240% → +0.241%
- −$0.1
- Slippage, 4 orders
- −$84.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $207.75
- Costs to cover
- 1.070%
- Break-even
- 2.4 days
Slippage from Phemex: live order book, 53 min ago; OKX: live order book, 51 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, 53 min ago | 3.85 bp | 32.8 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 51 min ago | 6.33 bp | 15.6 bp −$16 | 48.5 bp −$485 | 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 | −0.963% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 77.931 | +0.014% | $376K | $817K | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 77.890 | −0.039% | $261K | $232K | 25x | as long as short |
| QFEX TEM-USD | 0.0000% | 1h | 77.830 | −0.116% | $1.1M | $839K | 10x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 77.850 | −0.090% | $59K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.810 | −0.141% | $198K | $748K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.950 | +0.039% | $6K | $384K | 20x | as long as short |
| Phemex TEMUSDTlong | 0.0000% | 8h | 77.920 | long leg | $811K | $67K | 20x | |
| OKX TEM-USDT-SWAPshort | +0.1499% | 8h | 78.107 | +0.240% | $81K | $388K | 20x |
Injective TEM/USDC PERP
Binance TEMUSDT
Bybit TEMUSDT
QFEX TEM-USD
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT