Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.053%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$431as in the Funding arb table
Net, price: spread back to 7d avg − costs−$419as in the Price arb table
costs, in and out, $10k−$4134.128% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.053%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.059% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TER_USDT | 379.60 | 0 | get 0.0000% / 8h | 5h 58m | $297K | $212K | 20x |
| Short | Bybit TERUSDT | 379.40 | 0 | get 0.0000% / 8h | 5h 58m | $256K | $470K | 25x |
Gate TER_USDT
Bybit TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.053% → +0.007%
- −$5.94
- Slippage, 4 orders
- −$386.84
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$418.78
- Costs to cover
- 4.128%
- Break-even
- never at this rate
Slippage from Gate: live order book, 49 min ago; Bybit: live order book, 47 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, 49 min ago | 10.60 bp | 102.4 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 47 min ago | 0.40 bp | 98.1 bp −$98 | 219.6 bp −$2,196 | doesn't fit | doesn't fit |
TER on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TERUSDT | 0.0000% | 8h | 379.46 | −0.037% | $525K | $989K | 25x | as long as short |
| Bybit TERUSDTshort | 0.0000% | 8h | 379.40 | −0.053% | $256K | $470K | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 379.79 | +0.050% | $206K | $177K | 20x | as long as short |
| Gate TER_USDTlong | 0.0000% | 8h | 379.60 | long leg | $297K | $212K | 20x | |
| Bitget TERUSDT | 0.0000% | 8h | 379.44 | −0.042% | $241K | $153K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.32 | −0.074% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 379.05 | −0.145% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 379.47 | −0.034% | $228K | $243K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 380.23 | +0.166% | $3K | $40K | 10x | as long as short |
| Paragon para:TER | +0.1538% | 1h | 380.69 | +0.287% | $115K | $56K | 10x | as long as short |
Binance TERUSDT
OKX TER-USDT-SWAP
Bitget TERUSDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER