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 −0.053%
Price spread now: Bitget against HTX−0.208%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 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.208% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX TER-USDT380.230.0100pay 0.0100% / 8h5h 58m$3K$40K10x
ShortBitget TERUSDT379.440get 0.0000% / 8h5h 58m$241K$153K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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: −0.208% → 0.000%
−$20.78
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$65.78
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Bitget: live order book, 47 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 HTX no order-book sample
Sell Bitget live order book, 47 min ago23.84 bp57.4 bp −$57101.2 bp −$1,012doesn't fitdoesn't fit
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TERUSDT0.0000%8h379.46−0.203%$525K$989K25xas long as short
Bybit TERUSDT0.0000%8h379.40−0.218%$256K$470K25xas long as short
OKX TER-USDT-SWAP0.0000%8h379.79−0.116%$206K$177K20xas long as short
Gate TER_USDT0.0000%8h379.60−0.166%$297K$212K20xas long as short
Bitget TERUSDTshort0.0000%8h379.44−0.208%$241K$153K20x
Variational Omni TER0.0000%8h379.32−0.239%$48K$50Kas long as short
Extended TER_24_5-USD+0.0040%1h379.05−0.310%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h379.47−0.200%$228K$243K20xas long as short
HTX TER-USDTlong+0.0100%8h380.23long leg$3K$40K10x
Paragon para:TER+0.1538%1h380.69+0.121%$115K$56K10xas long as short