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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%
Price spread now: Extended against Variational Omni+0.059%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 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 · Extended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.059% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread 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
ShortExtended TER_24_5-USD378.710.0040get 0.0005% / 1h7m 15s$36K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$8.4
Price spread: +0.059% → 0.000%
$5.95
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$9.35
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Extended: 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 Variational Omni no order-book sample
Sell Extended no order-book sample
Variational Omni and Extended: 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%8h378.14−0.091%$240K$157K20xas long as short
Binance TERUSDT0.0000%8h378.71+0.060%$522K$1.0M25xas long as short
Bybit TERUSDT0.0000%8h378.16−0.086%$252K$183K25xas long as short
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-USDshort+0.0040%1h378.71+0.059%$36K$4K10x
KuCoin TERUSDTM+0.0100%8h378.00−0.128%$228K$87K20xas long as short
HTX TER-USDT+0.0100%8h378.68+0.052%$4K$39K10xas long as short
Paragon para:TER+0.0575%1h378.59+0.028%$121K$52K10xas long as short