Settings8H · net · $10k
Funding arb · Price arb /

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.018%
Price spread now: KuCoin against Extended−0.403%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. KuCoin is 0.403% cheaper against Extended than usual: you would sell low and buy high (spread −0.403% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 22 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TER_24_5-USD377.890.0040pay 0.0005% / 1h43m 01s$35K$4K10x
ShortKuCoin TERUSDTM376.370.0100get 0.0100% / 8h7h 43m$227K$128K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$12.6
Price spread: −0.403% → 0.000%
−$40.33
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$44.73
Costs to cover
0.170%
Break-even
31.8 days
Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 48 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell KuCoin live order book, 48 min ago12.97 bp662.2 bp −$662doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:TER−1.1177%1h377.09−0.213%$118K$57K10xas long as short
Bybit TERUSDT−0.0211%8h376.04−0.491%$250K$125K25xas long as short
Bitget TERUSDT−0.0193%8h376.56−0.353%$239K$156K20xas long as short
Binance TERUSDT0.0000%8h376.40−0.395%$519K$1.0M25xas long as short
OKX TER-USDT-SWAP0.0000%8h375.43−0.652%$203K$177K20xas long as short
Gate TER_USDT0.0000%8h376.70−0.316%$295K$195K20xas long as short
Variational Omni TER0.0000%8h376.26−0.433%$48K$52Kas long as short
Extended TER_24_5-USDlong+0.0040%1h377.89long leg$35K$4K10x
KuCoin TERUSDTMshort+0.0100%8h376.37−0.403%$227K$128K20x
HTX TER-USDT+0.0100%8h376.44−0.385%$3K$39K10xas long as short