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

TER

RWAall TER markets
SwapBacktest
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: Gate against Variational Omni−0.038%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: Gate is 0.038% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TER378.040get 0.0000% / 8h1m 47s$48K$52K
ShortGate TER_USDT377.900get 0.0000% / 8h1m 47s$295K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.038% → 0.000%
−$3.81
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$18.81
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 33 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 Gate live order book, 33 min ago10.59 bp155.6 bp −$156doesn't fitdoesn'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−0.0230%8h378.21+0.044%$240K$156K20xas long as short
Binance TERUSDT0.0000%8h378.70+0.174%$523K$1.0M25xas long as short
Bybit TERUSDT0.0000%8h377.94−0.028%$252K$129K25xas long as short
OKX TER-USDT-SWAP0.0000%8h378.50+0.121%$205K$179K20xas long as short
Gate TER_USDTshort0.0000%8h377.90−0.038%$295K$213K20x
Variational Omni TERlong0.0000%8h378.04long leg$48K$52K
Extended TER_24_5-USD+0.0040%1h381.50+0.916%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h377.93−0.030%$228K$110K20xas long as short
HTX TER-USDT+0.0100%8h378.68+0.168%$3K$39K10xas long as short
Paragon para:TER+0.1915%1h379.76+0.454%$121K$54K10xas long as short