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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Gate+0.294%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.294% dearer against Gate than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TER_USDT377.600get 0.0000% / 8h6h 57m$296K$190K20x
ShortHTX TER-USDT378.710.0100get 0.0100% / 8h6h 57m$3K$40K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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
$21
Price spread: +0.294% → 0.000%
$29.4
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
$23.4
Costs to cover
0.270%
Break-even
from the start
Slippage unknown: Gate: live order book, 32 min ago; HTX: no order-book sample. 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 Gate live order book, 32 min ago22.68 bp69.5 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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
Bitget TERUSDT−0.0114%8h377.71+0.029%$240K$155K20xas long as short
Paragon para:TER−0.0009%1h376.59−0.267%$115K$56K10xas long as short
Binance TERUSDT0.0000%8h378.28+0.180%$520K$982K25xas long as short
Bybit TERUSDT0.0000%8h377.27−0.087%$253K$92K25xas long as short
OKX TER-USDT-SWAP0.0000%8h377.91+0.082%$205K$180K20xas long as short
Gate TER_USDTlong0.0000%8h377.60long leg$296K$190K20x
Variational Omni TER0.0000%8h378.09+0.130%$48K$50Kas long as short
Extended TER_24_5-USD+0.0040%1h377.89+0.076%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h377.99+0.103%$227K$180K20xas long as short
HTX TER-USDTshort+0.0100%8h378.71+0.294%$3K$40K10x