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

TLT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h 0.000%
Price spread now: SunX against BloFin−0.100%55s7-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 feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TLT-USDT81.8400.0028pay 0.0028% / 8h17m 59s$27K$6K25x
ShortSunX TLT-USDT81.7580get 0.0000% / 1h17m 59s$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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
−$5.86
Price spread: −0.100% → 0.000%
−$10.02
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$35.88
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; SunX: live order book, 9 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 BloFin no order-book sample
Sell SunX live order book, 9 min ago119.19 bp138.4 bp −$138doesn't fitdoesn't fitdoesn't fit
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:TLT−0.0218%1h81.799−0.050%$557K$335K20xas long as short
Bybit TLTUSDT0.0000%8h81.850+0.012%$46K$50K25xas long as short
Gate TLT_USDT0.0000%8h82.110+0.330%$348K$15K50xas long as short
MEXC TLT_USDT0.0000%8h81.910+0.086%$134K$108K20xas long as short
Bitget TLTUSDT0.0000%8h81.830−0.012%$7K$10K20xas long as short
SunX TLT-USDTshort0.0000%1h81.758−0.100%$2.6M10x
HTX TLT-USDT0.0000%1h81.908+0.083%$4K$364K20xas long as short
BloFin TLT-USDTlong+0.0028%8h81.840long leg$27K$6K25x