TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

TENCENT

RWAAll TENCENT markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
KuCoinTENCENTUSDTM
49.32000.0000% / 4h3m 11s$76K$592K20xLong KuCoin
SHORT
Entropyio:TCNT
49.514+0.0144get 0.0018% / 1h3m 11s$194K$64K10xShort Entropy
Price gap+0.393%
Funding gap+0.0144% /8h

Both sides work: funding pays +$4 a day on $10k, and the gap is 0.305% above its 7d average: +$31 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$10+0.0144% /8h now · paid +0.104% over the last 7D
Price+$31spread +0.393% now, avg +0.088% → +0.305% if it goes back
Costs−$1421.417% of $10k · taker + slippage, in and out
Result−$101−1.01%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.393%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TENCENT on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size47.4 / 24.2 bp
    At $10k entering KuCoin costs 47.4 bp, fee and slippage, 2.0× Entropy’s.
  • Note: Margin at max leverage$500 + $1,000
    KuCoin 20x, Entropy 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.33Long KuCoin: 6 payments, $0.00; short Entropy: 24 payments, +$4.33.
  • OK: Entry gap works for you+0.393% vs +0.088%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$76K vs $194K OI
    KuCoin sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCKuCoin Yes · Entropy No
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0049%/8h × 21 periods+$10.35
Price spread+0.393% → +0.088% (7d avg)+$30.51
Slippage, 4 orderslive order books−$127.93
Fee KuCoin bp × 2 orders−$12.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$100.87
Costs to cover1.417%Break-even75.2 days
Slippage: KuCoin: live order book, 70 min ago; Entropy: live order book, 31 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKuCoin3.0447.4 bp−$47doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTEntropy8.0824.2 bp−$24doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

TENCENT news

posts that mention TENCENT, from every exchangeSearch all news →
10-15 13:32BingXListingNCSKTCEHY2USD-USDT no longer reported ($TENCENT) seen by our collector