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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Variational Omni−0.089%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.089% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TER378.480get 0.0000% / 8h1h 07m$48K$52K
ShortBybit TERUSDT378.150get 0.0000% / 8h1h 07m$252K$183K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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
$0
Price spread: −0.089% → 0.000%
−$8.85
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$19.85
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 18 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 Variational Omni no order-book sample
Sell Bybit live order book, 18 min ago17.92 bp66.5 bp −$66218.9 bp −$2,189doesn't fitdoesn't fit
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−0.0353%8h378.07−0.110%$240K$157K20xas long as short
Binance TERUSDT0.0000%8h378.66+0.045%$522K$1.0M25xas long as short
Bybit TERUSDTshort0.0000%8h378.15−0.089%$252K$183K25x
OKX TER-USDT-SWAP0.0000%8h377.91−0.152%$203K$179K20xas long as short
Gate TER_USDT0.0000%8h378.30−0.049%$294K$216K20xas long as short
Variational Omni TERlong0.0000%8h378.48long leg$48K$52K
Extended TER_24_5-USD+0.0040%1h378.70+0.057%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h377.94−0.144%$228K$87K20xas long as short
HTX TER-USDT+0.0100%8h378.56+0.020%$4K$39K10xas long as short
Paragon para:TER+0.0575%1h378.59+0.028%$121K$52K10xas long as short