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−0.0760%/8h= −83.2% APRpaid last 24h −0.047%
Price spread now: HTX against Lighter+0.069%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. HTX is 0.069% dearer against Lighter than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TENCENT57.6400.0760pay 0.0095% / 1h4m 31s$61K$9K10x
ShortHTX TENCENT-USDT57.6800get 0.0000% / 4h4m 31s$10K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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
−$159.6
Price spread: +0.069% → 0.000%
$6.94
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$164.66
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; HTX: 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 Lighter no order-book sample
Sell HTX no order-book sample
Lighter and HTX: 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
edgeX TENCENTUSDC−0.0160%4h57.517−0.213%$118K$214K10xas long as short
Bybit TENCENTUSDT0.0000%8h57.520−0.208%$251K$224K25xas long as short
Gate TENCENT_USDT0.0000%8h57.540−0.173%$1.7M$654K25xas long as short
Bitget TENCENTUSDT0.0000%8h57.490−0.260%$1.2M$1.9M20xas long as short
HTX TENCENT-USDTshort0.0000%4h57.680+0.069%$10K$45K10x
Aster TENCENTUSDT+0.0035%8h57.514−0.219%$44K$12K20xas long as short
KuCoin TENCENTUSDTM+0.0100%4h57.450−0.330%$121K$699K20xas long as short
Binance TENCENTUSDT+0.0241%4h57.573−0.117%$2.9M$5.1M25xas long as short
Lighter TENCENTlong+0.0760%1h57.640long leg$61K$9K10x