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

TENCENT

RWAall TENCENT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.034%
Price spread now: Bitget against Gate−0.034%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$3003.005% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.391%−$39 on $10k
Price spread, last 7 days+0.073%+$7 · spread now −0.034%, 7d avg −0.047%
Together, before fees−0.318%−$32 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TENCENT_USDT58.5200get 0.0000% / 8h4h 27m$1.7M$612K25x
ShortBitget TENCENTUSDT58.5000get 0.0000% / 8h4h 27m$1.2M$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: −0.034% → −0.047%
$1.28
Slippage, 4 orders
−$273.49
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$299.2
Costs to cover
3.005%
Break-even
never at this rate
Slippage from Gate: live order book, just now; Bitget: live order book, 6 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 Gate live order book, just now10.25 bp201.3 bp −$201doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago2.57 bp9.1 bp −$929.9 bp −$299doesn'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
Aster TENCENTUSDT0.0000%8h58.500−0.035%$46K$11K20xas long as short
Binance TENCENTUSDT0.0000%4h58.550+0.051%$2.8M$4.0M25xas long as short
Bybit TENCENTUSDT0.0000%8h58.510−0.017%$246K$252K25xas long as short
Gate TENCENT_USDTlong0.0000%8h58.520long leg$1.7M$612K25x
Bitget TENCENTUSDTshort0.0000%8h58.500−0.034%$1.2M$2.9M20x
HTX TENCENT-USDT0.0000%4h58.680+0.273%$10K$40K10xas long as short
KuCoin TENCENTUSDTM+0.0100%4h58.480−0.068%$123K$680K20xas long as short
Lighter TENCENT+0.0544%1h58.723+0.347%$68K$4K10xas long as short
edgeX TENCENTUSDC+0.0706%4h58.450−0.120%$121K$212K10xas long as short