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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Variational Omni against KuCoin−0.117%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.117% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TERUSDTM379.520.0100pay 0.0100% / 8h2h 11m$233K$89K20x
ShortVariational Omni TER379.080get 0.0000% / 8h2h 11m$48K$52K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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: −0.117% → 0.000%
−$11.66
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$44.66
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 45 min ago; Variational Omni: 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 KuCoin live order book, 45 min ago16.71 bp345.1 bp −$345doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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−0.0242%8h379.80+0.074%$250K$151K20xas long as short
Binance TERUSDT0.0000%8h380.04+0.138%$562K$978K25xas long as short
Bybit TERUSDT0.0000%8h379.05−0.124%$250K$181K25xas long as short
OKX TER-USDT-SWAP0.0000%8h379.43−0.024%$202K$173K20xas long as short
Gate TER_USDT0.0000%8h379.60+0.021%$294K$223K20xas long as short
Variational Omni TERshort0.0000%8h379.08−0.117%$48K$52K
Extended TER_24_5-USD+0.0040%1h381.83+0.610%$36K$4K10xas long as short
KuCoin TERUSDTMlong+0.0100%8h379.52long leg$233K$89K20x
HTX TER-USDT+0.0100%8h380.59+0.282%$3K$39K10xas long as short
Paragon para:TER+0.0592%1h379.06−0.121%$121K$57K10xas long as short