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

TENCENT

RWAall TENCENT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0544%/8h= +59.5% APRpaid last 24h −0.099%
Price spread now: Lighter against edgeX+0.646%7-day average · you sell dearer than you buy
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−0.604%−$60 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.646% dearer against edgeX than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.604%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TENCENTUSDC57.8580.0272pay 0.0136% / 4h2h 11m$119K$212K10x
ShortLighter TENCENT58.2320.0816get 0.0102% / 1h11m 26s$68K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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
$114.19
Price spread: +0.646% → 0.000%
$64.58
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
$169.77
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: edgeX: live order book, 35 min ago; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 35 min ago5.14 bp29.2 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TENCENTUSDT0.0000%8h57.920+0.107%$254K$266K25xas long as short
Gate TENCENT_USDT0.0000%8h57.920+0.107%$1.7M$684K25xas long as short
Bitget TENCENTUSDT0.0000%8h57.940+0.141%$1.2M$3.1M20xas long as short
HTX TENCENT-USDT0.0000%4h57.850−0.014%$10K$43K10xas long as short
Aster TENCENTUSDT+0.0005%8h57.982+0.214%$44K$12K20xas long as short
KuCoin TENCENTUSDTM+0.0100%4h57.850−0.014%$123K$690K20xas long as short
edgeX TENCENTUSDClong+0.0272%4h57.858long leg$119K$212K10x
Binance TENCENTUSDT+0.0540%4h57.960+0.176%$2.9M$5.2M25xas long as short
Lighter TENCENTshort+0.0816%1h58.232+0.646%$68K$4K10x