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

TLT

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.071%
Price spread now: HTX against tradeXYZ+0.082%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1301.305% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.070%−$7 on $10k
Price spread, last 4 days (all we have)+0.184%+$18 · spread now +0.082%, 7d avg +0.054%
Together, before fees+0.114%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.028% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 4 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.070% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:TLT81.755−0.0198get 0.0025% / 1h25m 04s$560K$331K20x
ShortHTX TLT-USDT81.8220get 0.0000% / 1h25m 04s$4K$364K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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
$41.59
Price spread: +0.082% → +0.054%
$2.85
Slippage, 4 orders
−$100.47
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee HTX: 6 bp × 2 orders
−$12
Net
−$86.04
Costs to cover
1.305%
Break-even
21.5 days
Slippage from tradeXYZ: live order book, 11 min ago; HTX: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 11 min ago0.98 bp10.1 bp −$1010.1 bp −$101doesn't fitdoesn't fit
Sell HTX live order book, 38 min ago31.63 bp71.2 bp −$71doesn't fitdoesn't fitdoesn't fit

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:TLTlong−0.0198%1h81.755long leg$560K$331K20x
BloFin TLT-USDT−0.0001%8h82.150+0.483%$27K$6K25xas long as short
Bybit TLTUSDT0.0000%8h82.030+0.336%$47K$28K25xas long as short
Gate TLT_USDT0.0000%8h82.410+0.801%$349K$13K50xas long as short
MEXC TLT_USDT0.0000%8h81.950+0.239%$134K$92K20xas long as short
Bitget TLTUSDT0.0000%8h81.840+0.104%$9K$11K20xas long as short
SunX TLT-USDT0.0000%1h81.749−0.007%$2.4M10xas long as short
HTX TLT-USDTshort0.0000%1h81.822+0.082%$4K$364K20x