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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.012%
Price spread now: Extended against Bitget+0.314%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.314% dearer against Bitget than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TERUSDT380.06−0.0228get 0.0228% / 8h2h 02m$250K$151K20x
ShortExtended TER_24_5-USD381.250.0040get 0.0005% / 1h2m 33s$36K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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
$56.28
Price spread: +0.314% → 0.000%
$31.44
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$70.72
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Bitget: live order book, 42 min ago; Extended: 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 Bitget live order book, 42 min ago11.48 bp60.2 bp −$6079.9 bp −$799doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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
Bitget TERUSDTlong−0.0228%8h380.06long leg$250K$151K20x
Binance TERUSDT0.0000%8h379.44−0.163%$531K$977K25xas long as short
Bybit TERUSDT0.0000%8h379.44−0.163%$250K$181K25xas long as short
OKX TER-USDT-SWAP0.0000%8h380.05−0.003%$202K$174K20xas long as short
Gate TER_USDT0.0000%8h379.50−0.147%$294K$228K20xas long as short
Variational Omni TER0.0000%8h379.54−0.136%$48K$52Kas long as short
Extended TER_24_5-USDshort+0.0040%1h381.25+0.314%$36K$4K10x
KuCoin TERUSDTM+0.0100%8h379.07−0.260%$231K$89K20xas long as short
HTX TER-USDT+0.0100%8h379.62−0.116%$3K$39K10xas long as short
Paragon para:TER+0.0784%1h380.13+0.018%$121K$57K10xas long as short