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

TER

RWAall TER 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 0.000%
Price spread now: Variational Omni against Binance+0.078%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.078% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TERUSDT385.360get 0.0000% / 8h3h 56m$532K$688K25x
ShortVariational Omni TER385.660get 0.0000% / 8h3h 56m$54K$49K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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: +0.078% → 0.000%
$7.82
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$2.18
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: 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 Binance live order book, 6 min ago2.72 bp12.6 bp −$1388.1 bp −$881doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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.

TER on 10 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
Binance TERUSDTlong0.0000%8h385.36long leg$532K$688K25x
Bybit TERUSDT0.0000%8h384.80−0.145%$257K$167K25xas long as short
OKX TER-USDT-SWAP0.0000%8h385.65+0.075%$205K$168K20xas long as short
Gate TER_USDT0.0000%8h385.50+0.036%$296K$204K20xas long as short
Bitget TERUSDT0.0000%8h385.69+0.086%$256K$141K20xas long as short
Variational Omni TERshort0.0000%8h385.66+0.078%$54K$49K
Extended TER_24_5-USD+0.0040%1h385.84+0.125%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h384.89−0.122%$241K$85K20xas long as short
HTX TER-USDT+0.0100%8h385.70+0.088%$3K$38K10xas long as short
Paragon para:TER+0.1399%1h384.51−0.221%$123K$56K10xas long as short