Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bybit against Extended−0.623%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 Bybit is 0.623% cheaper against Extended than usual: you would sell low and buy high (−$62 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 | 378.69 | 0.0040 | pay 0.0005% / 1h | 35m 04s | $36K | $4K | 10x |
| Short | Bybit TERUSDT | 376.33 | 0 | get 0.0000% / 8h | 1h 35m | $250K | $183K | 25x |
Extended TER_24_5-USD
Bybit TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.623% → 0.000%
- −$62.32
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$86.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Bybit: live order book, 55 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 Bybit live order book, 55 min ago | 15.48 bp | 155.0 bp −$155 | 252.9 bp −$2,529 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0240% | 8h | 376.47 | −0.586% | $249K | $152K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 376.30 | −0.631% | $521K | $1.0M | 25x | as long as short |
| Bybit TERUSDTshort | 0.0000% | 8h | 376.33 | −0.623% | $250K | $183K | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 376.61 | −0.549% | $204K | $178K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.50 | −0.578% | $293K | $214K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.37 | −0.612% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USDlong | +0.0040% | 1h | 378.69 | long leg | $36K | $4K | 10x | |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.38 | −0.610% | $228K | $88K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.49 | −0.581% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.1123% | 1h | 377.05 | −0.433% | $120K | $54K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER