Funding you earn now, next payment 08:00 UTC+0.0228%/8h= +25.0% APRnext payment +$2.28 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.034%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2062.055% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 2 days (all we have)−0.170%−$17 · spread now +0.034%, 7d avg +0.047%
=The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TERUSDT | 378.21 | −0.0228 | get 0.0228% / 8h | 1m 19s | $240K | $156K | 20x |
| Short | Binance TERUSDT | 378.34 | 0 | get 0.0000% / 8h | 1m 19s | $522K | $1.0M | 25x |
Bitget TERUSDT
Binance TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.88
- Price spread: +0.034% → +0.047%
- −$1.27
- Slippage, 4 orders
- −$183.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.93
- Costs to cover
- 2.055%
- Break-even
- 30.2 days
Slippage from Bitget: live order book, 33 min ago; Binance: live order book, 16 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 33 min ago | 15.34 bp | 63.6 bp −$64 | 70.7 bp −$707 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 8.34 bp | 28.8 bp −$29 | 95.7 bp −$957 | doesn't fit | doesn't fit |
TER on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDTlong | −0.0228% | 8h | 378.21 | long leg | $240K | $156K | 20x | |
| Binance TERUSDTshort | 0.0000% | 8h | 378.34 | +0.034% | $522K | $1.0M | 25x | |
| Bybit TERUSDT | 0.0000% | 8h | 378.12 | −0.024% | $252K | $129K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 379.12 | +0.241% | $205K | $180K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 378.00 | −0.056% | $295K | $213K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.04 | −0.044% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 381.50 | +0.871% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 377.80 | −0.108% | $229K | $110K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 378.68 | +0.124% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.1969% | 1h | 379.96 | +0.463% | $121K | $54K | 10x | as long as short |
Bybit TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER