Funding you earn now, next payment 16:00 UTC−0.0156%/8h= −17.1% APRnext payment −$1.56 per $10,000 · paid last 24h −0.023%
Price spread now: Bitget against Gate−0.053%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$2832.835% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.053%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.049% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TER_USDT | 375.40 | 0 | get 0.0000% / 8h | 7h 23m | $294K | $197K | 20x |
| Short | Bitget TERUSDT | 375.20 | −0.0156 | pay 0.0156% / 8h | 7h 23m | $238K | $155K | 20x |
Gate TER_USDT
Bitget TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$32.76
- Price spread: −0.053% → −0.004%
- −$4.93
- Slippage, 4 orders
- −$256.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$321.15
- Costs to cover
- 2.835%
- Break-even
- never at this rate
Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 7 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 Gate live order book, 7 min ago | 22.68 bp | 69.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 13.07 bp | 36.8 bp −$37 | 53.3 bp −$533 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −0.7731% | 1h | 375.52 | +0.032% | $118K | $56K | 10x | as long as short |
| Bybit TERUSDT | −0.0223% | 8h | 375.14 | −0.069% | $251K | $128K | 25x | as long as short |
| Bitget TERUSDTshort | −0.0156% | 8h | 375.20 | −0.053% | $238K | $155K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 374.97 | −0.114% | $515K | $985K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.40 | 0.000% | $203K | $177K | 20x | as long as short |
| Gate TER_USDTlong | 0.0000% | 8h | 375.40 | long leg | $294K | $197K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 374.65 | −0.201% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 375.41 | +0.004% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 374.82 | −0.155% | $227K | $151K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 374.74 | −0.176% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bybit TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT