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 04:00 UTC+0.0529%/8h= +57.9% APRnext payment +$2.64 per $10,000 · paid last 24h +0.149%
Price spread now: edgeX against KuCoin+0.377%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$468as in the Funding arb table
Net, price: spread back to 7d avg − costs−$511as in the Price arb table
costs, in and out, $10k−$5515.512% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.828%+$83 on $10k
Price spread, last 4 days (all we have)−0.449%−$45 · spread now +0.377%, 7d avg −0.030%
Together, before fees+0.378%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.407% dearer against KuCoin than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TENCENTUSDTM58.3600.0100pay 0.0050% / 4h13m 06s$125K$686K20x
ShortedgeX TENCENTUSDC58.5800.0629get 0.0314% / 4h13m 06s$121K$212K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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
$111.03
Price spread: +0.377% → −0.030%
$40.71
Slippage, 4 orders
−$530.22
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$399.49
Costs to cover
5.512%
Break-even
32.2 days
Slippage from KuCoin: live order book, 1 min ago; edgeX: live order book, 44 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 KuCoin live order book, 1 min ago6.85 bp278.5 bp −$278doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 44 min ago10.22 bp21.5 bp −$21doesn'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
Aster TENCENTUSDT0.0000%8h58.493+0.227%$46K$11K20xas long as short
Binance TENCENTUSDT0.0000%4h58.520+0.274%$2.8M$4.3M25xas long as short
Bybit TENCENTUSDT0.0000%8h58.490+0.223%$246K$253K25xas long as short
Gate TENCENT_USDT0.0000%8h58.480+0.206%$1.7M$626K25xas long as short
Bitget TENCENTUSDT0.0000%8h58.430+0.120%$1.2M$2.9M20xas long as short
HTX TENCENT-USDT0.0000%4h58.630+0.463%$10K$41K10xas long as short
KuCoin TENCENTUSDTMlong+0.0100%4h58.360long leg$125K$686K20x
Lighter TENCENT+0.0600%1h58.651+0.499%$68K$4K10xas long as short
edgeX TENCENTUSDCshort+0.0629%4h58.580+0.377%$121K$212K10x