Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: OKX against Extended−0.316%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 OKX is 0.316% cheaper against Extended than usual: you would sell low and buy high (−$32 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 | 381.25 | 0.0040 | pay 0.0005% / 1h | 2m 27s | $36K | $4K | 10x |
| Short | OKX TER-USDT-SWAP | 380.05 | 0 | get 0.0000% / 8h | 2h 02m | $202K | $174K | 20x |
Extended TER_24_5-USD
OKX TER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.316% → 0.000%
- −$31.61
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$55.01
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; OKX: live order book, 43 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 OKX live order book, 43 min ago | 15.56 bp | 34.1 bp −$34 | doesn't fit | 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 | −0.0228% | 8h | 380.06 | −0.313% | $250K | $151K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 379.44 | −0.476% | $531K | $977K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 379.45 | −0.473% | $250K | $181K | 25x | as long as short |
| OKX TER-USDT-SWAPshort | 0.0000% | 8h | 380.05 | −0.316% | $202K | $174K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 379.50 | −0.460% | $294K | $228K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.54 | −0.449% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USDlong | +0.0040% | 1h | 381.25 | long leg | $36K | $4K | 10x | |
| KuCoin TERUSDTM | +0.0100% | 8h | 379.07 | −0.573% | $231K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 379.62 | −0.429% | $3K | $39K | 10x | as long as short |
| Paragon para:TER | +0.0784% | 1h | 380.13 | −0.295% | $121K | $57K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
Bybit TERUSDT
Gate TER_USDT
Variational Omni TER
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER