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

TENCENT

RWAall TENCENT markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.159%
Price spread now: edgeX against Bybit−0.106%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2022.019% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.113%+$111 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.106%, 7d avg +0.023%
Together, before fees+1.211%+ Points / potential airdropedgeX: Active · farm board+$121 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.130% cheaper against Bybit than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.023%). If the spread goes back, that is −$13 on $10k: about 38 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TENCENTUSDT57.9200get 0.0000% / 8h2h 11m$254K$266K25x
ShortedgeX TENCENTUSDC57.8580.0272get 0.0136% / 4h2h 11m$119K$212K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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
$57.17
Price spread: −0.106% → +0.023%
−$12.98
Slippage, 4 orders
−$181.86
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$157.67
Costs to cover
2.019%
Break-even
26.3 days
Slippage from Bybit: live order book, 28 min ago; edgeX: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 28 min ago9.51 bp66.8 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 35 min ago5.14 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit

TENCENT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TENCENTUSDTlong0.0000%8h57.920long leg$254K$266K25x
Gate TENCENT_USDT0.0000%8h57.9200.000%$1.7M$684K25xas long as short
Bitget TENCENTUSDT0.0000%8h57.940+0.035%$1.2M$3.1M20xas long as short
HTX TENCENT-USDT0.0000%4h57.850−0.121%$10K$43K10xas long as short
Aster TENCENTUSDT+0.0005%8h57.982+0.108%$44K$12K20xas long as short
KuCoin TENCENTUSDTM+0.0100%4h57.850−0.121%$123K$690K20xas long as short
edgeX TENCENTUSDCshort+0.0272%4h57.858−0.106%$119K$212K10x
Binance TENCENTUSDT+0.0540%4h57.960+0.069%$2.9M$5.2M25xas long as short
Lighter TENCENT+0.0816%1h58.232+0.539%$68K$4K10xas long as short