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

TENCENT

RWAall TENCENT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.017%
Price spread now: Aster against Gate+0.211%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−0.072%−$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.211% dearer against Gate than usual: you sell high and buy low: +$21 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 −0.072%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TENCENT_USDT57.8600get 0.0000% / 8h2h 37m$1.7M$672K25x
ShortAster TENCENTUSDT57.9820.0040get 0.0040% / 8h2h 37m$46K$11K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$8.34
Price spread: +0.211% → 0.000%
$21.14
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
$6.48
Costs to cover
0.230%
Break-even
1.6 days
Slippage unknown: Gate: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago12.91 bp149.2 bp −$149doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TENCENTUSDT0.0000%8h57.820−0.069%$251K$264K25xas long as short
Gate TENCENT_USDTlong0.0000%8h57.860long leg$1.7M$672K25x
Bitget TENCENTUSDT0.0000%8h57.740−0.207%$1.2M$3.1M20xas long as short
HTX TENCENT-USDT0.0000%4h57.920+0.104%$10K$43K10xas long as short
Aster TENCENTUSDTshort+0.0040%8h57.982+0.211%$46K$11K20x
KuCoin TENCENTUSDTM+0.0100%4h57.730−0.225%$123K$688K20xas long as short
Binance TENCENTUSDT+0.0642%4h57.806−0.093%$2.9M$5.2M25xas long as short
edgeX TENCENTUSDC+0.1014%4h58.313+0.783%$120K$212K10xas long as short
Lighter TENCENT+0.1512%1h57.962+0.176%$67K$4K10xas long as short