Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.036%
Price spread now: tradeXYZ against Bitget−0.045%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 22 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TLTUSDT | 81.720 | 0 | get 0.0000% / 8h | 2h 04m | $7K | $13K | 20x |
| Short | tradeXYZ xyz:TLT | 81.683 | 0.0050 | get 0.0006% / 1h | 4m 32s | $543K | $329K | 20x |
Bitget TLTUSDT
tradeXYZ xyz:TLTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.045% → 0.000%
- −$4.53
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$24.03
- Costs to cover
- 0.300%
- Break-even
- 23.0 days
Slippage unknown: Bitget: no order-book sample; tradeXYZ: live order book, 2 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 2 min ago | 7.71 bp | 16.7 bp −$17 | 41.5 bp −$415 | doesn't fit | doesn't fit |
Bitget: 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.
TLT on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TLT-USDT | −0.0006% | 8h | 81.790 | +0.086% | $27K | $6K | 25x | as long as short |
| Bybit TLTUSDT | 0.0000% | 8h | 81.860 | +0.171% | $47K | $25K | 25x | as long as short |
| Gate TLT_USDT | 0.0000% | 8h | 82.210 | +0.600% | $347K | $13K | 50x | as long as short |
| MEXC TLT_USDT | 0.0000% | 8h | 81.810 | +0.110% | $131K | $94K | 20x | as long as short |
| Bitget TLTUSDTlong | 0.0000% | 8h | 81.720 | long leg | $7K | $13K | 20x | |
| SunX TLT-USDT | 0.0000% | 1h | 81.682 | −0.047% | — | $2.4M | 10x | as long as short |
| HTX TLT-USDT | 0.0000% | 1h | 81.792 | +0.088% | $4K | $368K | 20x | as long as short |
| tradeXYZ xyz:TLTshort | +0.0050% | 1h | 81.683 | −0.045% | $543K | $329K | 20x |
BloFin TLT-USDT
Bybit TLTUSDT
Gate TLT_USDT
MEXC TLT_USDT
SunX TLT-USDT
HTX TLT-USDT