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: OKX against Bitget−0.003%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1911.910% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.003%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, 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 | 380.06 | −0.0228 | get 0.0228% / 8h | 2h 02m | $250K | $151K | 20x |
| Short | OKX TER-USDT-SWAP | 380.05 | 0 | get 0.0000% / 8h | 2h 02m | $202K | $174K | 20x |
Bitget TERUSDT
OKX TER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.003% → −0.005%
- $0.23
- Slippage, 4 orders
- −$168.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$142.87
- Costs to cover
- 1.910%
- Break-even
- 27.9 days
Slippage from Bitget: live order book, 42 min ago; OKX: live order book, 42 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, 42 min ago | 11.48 bp | 60.2 bp −$60 | 79.9 bp −$799 | doesn't fit | doesn't fit |
| Sell OKX live order book, 42 min ago | 15.56 bp | 34.1 bp −$34 | 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 | −0.0228% | 8h | 380.06 | long leg | $250K | $151K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 379.44 | −0.163% | $531K | $977K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 379.44 | −0.163% | $250K | $181K | 25x | as long as short |
| OKX TER-USDT-SWAPshort | 0.0000% | 8h | 380.05 | −0.003% | $202K | $174K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 379.50 | −0.147% | $294K | $228K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.54 | −0.136% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 381.25 | +0.314% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 379.07 | −0.260% | $231K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 379.62 | −0.116% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.0784% | 1h | 380.13 | +0.018% | $121K | $57K | 10x | as long as short |
Binance TERUSDT
Bybit TERUSDT
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER