Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against QFEX−0.039%7-day average +0.758% · 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−$191as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.039%, 7d avg +0.758%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.796% cheaper against QFEX than usual: you would sell low and buy high, −$80 on $10k if it goes back to its 7-day average of +0.758%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX TEM-USD | 77.840 | 0 | get 0.0000% / 1h | 35m 24s | $1.1M | $1.4M | 10x |
| Short | Phemex TEMUSDT | 77.810 | 0 | get 0.0000% / 8h | 7h 35m | $808K | $89K | 20x |
QFEX TEM-USD
Phemex TEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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: −0.039% → +0.758%
- −$79.64
- Slippage, 4 orders
- −$89.23
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$190.87
- Costs to cover
- 1.112%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 1 min ago; Phemex: live order book, 37 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 QFEX live order book, 1 min ago | 3.21 bp | 15.9 bp −$16 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 37 min ago | 7.69 bp | 43.3 bp −$43 | 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 | 77.330 | −0.655% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 77.840 | 0.000% | $378K | $1.2M | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 77.830 | −0.013% | $247K | $239K | 25x | as long as short |
| OKX TEM-USDT-SWAP | 0.0000% | 8h | 78.010 | +0.218% | $40K | $337K | 20x | as long as short |
| QFEX TEM-USDlong | 0.0000% | 1h | 77.840 | long leg | $1.1M | $1.4M | 10x | |
| Gate TEM_USDT | 0.0000% | 8h | 77.790 | −0.064% | $60K | $8K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.770 | −0.090% | $176K | $807K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 77.840 | 0.000% | $6K | $384K | 20x | as long as short |
| Phemex TEMUSDTshort | 0.0000% | 8h | 77.810 | −0.039% | $808K | $89K | 20x |
Injective TEM/USDC PERP
Binance TEMUSDT
Bybit TEMUSDT
OKX TEM-USDT-SWAP
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT