Funding you earn now, next payment 12:00 UTC−0.0964%/8h= −105.6% APRpaid last 24h −0.123%
Price spread now: Gate against edgeX+0.012%82s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$374as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3063.064% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.012%, 7d avg +0.046%
=Together, before fees−0.577%+ Points / potential airdropedgeX: Active · farm board−$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.034% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TENCENTUSDC | 57.533 | 0.0964 | pay 0.0482% / 4h | 2h 20m | $118K | $214K | 10x |
| Short | Gate TENCENT_USDT | 57.540 | 0 | get 0.0000% / 8h | 6h 20m | $1.7M | $667K | 25x |
edgeX TENCENTUSDC
Gate TENCENT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- −$202.5
- Price spread: +0.012% → +0.046%
- −$3.41
- Slippage, 4 orders
- −$282.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$512.29
- Costs to cover
- 3.064%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 30 min ago; Gate: live order book, 1 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 edgeX live order book, 30 min ago | 13.91 bp | 126.2 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 8.69 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
TENCENT on 9 exchanges
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 TENCENTUSDT | 0.0000% | 8h | 57.591 | +0.101% | $44K | $12K | 20x | as long as short |
| Binance TENCENTUSDT | 0.0000% | 4h | 57.525 | −0.015% | $2.9M | $5.1M | 25x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.520 | −0.023% | $251K | $156K | 25x | as long as short |
| Gate TENCENT_USDTshort | 0.0000% | 8h | 57.540 | +0.012% | $1.7M | $667K | 25x | |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.510 | −0.040% | $1.2M | $1.5M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.750 | +0.377% | $10K | $46K | 10x | as long as short |
| Lighter TENCENT | +0.0032% | 1h | 57.884 | +0.610% | $62K | $9K | 10x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 57.470 | −0.110% | $121K | $779K | 20x | as long as short |
| edgeX TENCENTUSDClong | +0.0964% | 4h | 57.533 | long leg | $118K | $214K | 10x |
Aster TENCENTUSDT
Binance TENCENTUSDT
Bybit TENCENTUSDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Lighter TENCENT
KuCoin TENCENTUSDTM