TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG49.35000.0000% / 8h6h 42m$1.1M$178K20xLong Bitget
SHORT49.555+0.0246get 0.0031% / 1h42m 49s$181K$44K10xShort Entropy
Price gap+0.415%54s
Funding gap+0.0246% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.363% above its 7d average: +$36 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$22+0.0246% /8h now · paid +0.217% over the last 7D
Price—spread +0.415%54s now · prices read too far apart to compare
Costs−$1071.070% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.415%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TENCENT on 12 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size12.9 / 30.1 bp
    At $10k entering Entropy costs 30.1 bp, fee and slippage, 2.3× Bitget’s.
  • Note: Margin at max leverage$500 + $1,000
    Bitget 20x, Entropy 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$7.37Long Bitget: 3 payments, $0.00; short Entropy: 24 payments, +$7.37.
  • Watch: Prices read 54 s apart+0.415% vs +0.052%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$181K vs $1.1M OI
    Entropy sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBitget Yes · Entropy No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0103%/8h × 21 periods+$21.65
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$93.24
Fee Bitget bp × 2 orders−$12.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$85.39
price spread not counted: prices read too far apart
Costs to cover1.070%Break-even34.6 days
Slippage: Bitget: live order book, 5 min ago; Entropy: live order book, 41 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget3.0412.9 bp−$1321.9 bp−$219doesn’t fitdoesn’t fit
SELL · SHORTEntropy8.0730.1 bp−$30doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

TENCENT news

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10-15 13:32BingXListingNCSKTCEHY2USD-USDT no longer reported ($TENCENT) seen by our collector