Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Binance against Extended−0.582%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.582% cheaper against Extended than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TER_24_5-USD | 379.91 | 0.0040 | pay 0.0005% / 1h | 54m 46s | $36K | $4K | 10x |
| Short | Binance TERUSDT | 377.70 | 0 | get 0.0000% / 8h | 7h 54m | $520K | $1.0M | 25x |
Extended TER_24_5-USD
Binance TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$8.4
- Price spread: −0.582% → 0.000%
- −$58.22
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$81.62
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 6.21 bp | 39.1 bp −$39 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −1.3236% | 1h | 378.54 | −0.361% | $121K | $55K | 10x | as long as short |
| Bybit TERUSDT | −0.0635% | 8h | 378.09 | −0.480% | $252K | $128K | 25x | as long as short |
| Bitget TERUSDT | −0.0216% | 8h | 377.46 | −0.645% | $240K | $156K | 20x | as long as short |
| Binance TERUSDTshort | 0.0000% | 8h | 377.70 | −0.582% | $520K | $1.0M | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.82 | −0.551% | $205K | $178K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 378.10 | −0.477% | $295K | $193K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.64 | −0.334% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USDlong | +0.0040% | 1h | 379.91 | long leg | $36K | $4K | 10x | |
| KuCoin TERUSDTM | +0.0100% | 8h | 378.30 | −0.424% | $229K | $118K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.90 | −0.793% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bybit TERUSDT
Bitget TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
KuCoin TERUSDTM
HTX TER-USDT