Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRnext payment +$2.23 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget0.000%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$380as in the Price arb table
costs, in and out, $10k−$3803.795% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, 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 +$2.23 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 | 377.70 | −0.0223 | get 0.0223% / 8h | 1h 44m | $250K | $152K | 20x |
| Short | Gate TER_USDT | 377.70 | 0 | get 0.0000% / 8h | 1h 44m | $293K | $213K | 20x |
Bitget TERUSDT
Gate TER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $46.83
- Price spread: 0.000% → +0.004%
- −$0.44
- Slippage, 4 orders
- −$352.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$333.13
- Costs to cover
- 3.795%
- Break-even
- 56.8 days
Slippage from Bitget: live order book, 60 min ago; Gate: live order book, 60 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, 60 min ago | 11.48 bp | 60.2 bp −$60 | 79.9 bp −$799 | doesn't fit | doesn't fit |
| Sell Gate live order book, 60 min ago | 9.24 bp | 73.8 bp −$74 | doesn't fit | 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 | −0.0223% | 8h | 377.70 | long leg | $250K | $152K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 377.55 | −0.040% | $521K | $1.0M | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 377.34 | −0.095% | $251K | $182K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.53 | −0.045% | $204K | $178K | 20x | as long as short |
| Gate TER_USDTshort | 0.0000% | 8h | 377.70 | 0.000% | $293K | $213K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 377.99 | +0.076% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 379.73 | +0.537% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 377.36 | −0.090% | $229K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 377.70 | 0.000% | $3K | $38K | 10x | as long as short |
| Paragon para:TER | +0.1183% | 1h | 378.47 | +0.204% | $121K | $54K | 10x | as long as short |
Binance TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER