Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.188%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$467as in the Funding arb table
Net, price: spread back to 7d avg − costs−$504as in the Price arb table
costs, in and out, $10k−$4864.855% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.188%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.183% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TERUSDT | 378.61 | 0 | get 0.0000% / 8h | 7h 58m | $252K | $129K | 25x |
| Short | Gate TER_USDT | 377.90 | 0 | get 0.0000% / 8h | 7h 58m | $295K | $193K | 20x |
Bybit TERUSDT
Gate TER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $0
- Price spread: −0.188% → −0.005%
- −$18.28
- Slippage, 4 orders
- −$459.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$503.82
- Costs to cover
- 4.855%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 21 min ago; Gate: live order book, 36 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 Bybit live order book, 21 min ago | 17.62 bp | 63.8 bp −$64 | 213.7 bp −$2,137 | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 10.59 bp | 155.6 bp −$156 | 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 TERUSDT | −0.0224% | 8h | 377.58 | −0.272% | $240K | $156K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 378.16 | −0.119% | $522K | $1.0M | 25x | as long as short |
| Bybit TERUSDTlong | 0.0000% | 8h | 378.61 | long leg | $252K | $129K | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.91 | −0.185% | $205K | $179K | 20x | as long as short |
| Gate TER_USDTshort | 0.0000% | 8h | 377.90 | −0.188% | $295K | $193K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 378.68 | +0.018% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | −0.191% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 378.10 | −0.135% | $228K | $114K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 378.68 | +0.018% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.5856% | 1h | 380.47 | +0.491% | $121K | $55K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER