Funding you earn now, next payment 08:00 UTC−0.0553%/8h= −60.6% APRpaid last 24h +0.015%
Price spread now: Aster against Binance+0.339%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.339% dearer against Binance than usual: you sell high and buy low (spread +0.339% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.105% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment. 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 | Binance TENCENTUSDT | 58.560 | 0.0553 | pay 0.0276% / 4h | 2h 55m | $2.9M | $4.9M | 25x |
| Short | Aster TENCENTUSDT | 58.759 | 0 | get 0.0000% / 8h | 2h 55m | $47K | $11K | 20x |
Binance TENCENTUSDT
Aster TENCENTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. 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
- −$116.13
- Price spread: +0.339% → 0.000%
- $33.92
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$100.21
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 11 min ago; Aster: no order-book sample. Net counts fees only.
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 Binance live order book, 11 min ago | 2.54 bp | 18.8 bp −$19 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDTshort | 0.0000% | 8h | 58.759 | +0.339% | $47K | $11K | 20x | |
| Bybit TENCENTUSDT | 0.0000% | 8h | 58.520 | −0.068% | $244K | $258K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 58.530 | −0.051% | $1.7M | $654K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 58.510 | −0.085% | $1.2M | $3.0M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.710 | +0.256% | $10K | $42K | 10x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 58.430 | −0.222% | $125K | $685K | 20x | as long as short |
| Binance TENCENTUSDTlong | +0.0553% | 4h | 58.560 | long leg | $2.9M | $4.9M | 25x | |
| edgeX TENCENTUSDC | +0.1006% | 4h | 58.990 | +0.735% | $122K | $213K | 10x | as long as short |
| Lighter TENCENT | +0.1392% | 1h | 58.683 | +0.210% | $68K | $4K | 10x | as long as short |
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC
Lighter TENCENT