Settings8H · net · $10k
Funding arb · Price arb /

TENCENT

RWAall TENCENT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.151%
Price spread now: edgeX against Aster−0.038%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.748%+$75 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.038% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.748%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TENCENTUSDT57.6170get 0.0000% / 8h4h 51m$44K$12K20x
ShortedgeX TENCENTUSDC57.595−0.0009pay 0.0005% / 4h51m 10s$119K$215K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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

Funding earned
−$1.93
Price spread: −0.038% → 0.000%
−$3.79
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$22.72
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; edgeX: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell edgeX live order book, 54 min ago12.18 bp102.2 bp −$102doesn't fitdoesn't fitdoesn't fit
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TENCENT on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TENCENTUSDTM−0.0146%4h57.470−0.254%$120K$847K20xas long as short
edgeX TENCENTUSDCshort−0.0009%4h57.595−0.038%$119K$215K10x
Aster TENCENTUSDTlong0.0000%8h57.617long leg$44K$12K20x
Binance TENCENTUSDT0.0000%4h57.575−0.072%$2.9M$5.1M25xas long as short
Bybit TENCENTUSDT0.0000%8h57.560−0.098%$251K$152K25xas long as short
Gate TENCENT_USDT0.0000%8h57.550−0.116%$1.6M$688K25xas long as short
Bitget TENCENTUSDT0.0000%8h57.520−0.168%$1.2M$1.5M20xas long as short
HTX TENCENT-USDT0.0000%4h57.740+0.214%$10K$46K10xas long as short
Lighter TENCENT+0.0032%1h57.937+0.556%$84K$32K10xas long as short