TLT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	tradeXYZxyz:TLT	82.343	+0.0750	pay 0.0094% / 1h	2m 20s	$8.0M	$3.3M	20x	Long tradeXYZ
SHORT	PhoenixTLT	82.130	+0.0049	get 0.0006% / 1h	2m 20s	$100K	$5K	20x	Short Phoenix

Price gap−0.259%78s

Funding gap−0.0701% /8h

Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.127% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$98−0.0701% /8h now · paid −0.978% over the last 7D

Price—spread −0.259%78s now · prices read too far apart to compare

Costs−$440.436% of $10k · taker + slippage, in and out

Result—+ Points / potential airdroptradeXYZ: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.259%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TLT on 12 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books7.4 / 6.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
tradeXYZ 20x, Phoenix 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$21.03Long tradeXYZ: 24 payments, −$22.49; short Phoenix: 24 payments, +$1.46.
Watch: Prices read 78 s apart−0.259% vs −0.132%
Part of this gap may be the market moving.
Watch: Short leg is thinner$100K vs $8.0M OI
Phoenix sets your exit cost. Check its book before closing.
OK: Points on a legtradeXYZ points
Volume here counts toward the points program.
OK: No KYC on either legtradeXYZ No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0466%/8h × 21 periods−$97.77

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$34.75

Fee tradeXYZ bp × 2 orders−$1.80

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$141.33

price spread not counted: prices read too far apart

Costs to cover0.436%Break-evennever at this rate

Slippage: tradeXYZ: live order book, 9 min ago; Phoenix: live order book, 48 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGtradeXYZ5.347.4 bp−$77.6 bp−$76doesn’t fitdoesn’t fit

SELL · SHORTPhoenix1.226.5 bp−$716.0 bp−$160doesn’t fitdoesn’t fit

Closing costs about the same again.

TLT news

posts that mention TLT, from every exchange

10-29 17:47	Markets by Kinetiq	Listing	The following [mkts] have now been settled and delisted. TLT IWM USTECH US500 @Markets_xyz on X ↗
10-28 14:45	Markets by Kinetiq	Listing	The following [mkts] will be settled and delisted towards the end of the week. TLT IWM USTECH US500 Please note that any outstanding positions will be settled at mark price. @Markets_xyz on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-14 09:44	OKX	Listing	new market TLT-USDT-SWAP ($TLT) seen by our collector
10-13 18:55	Phoenix	Listing	Now live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗
10-13 17:00	Phoenix	Listing	new market TLT ($TLT) seen by our collector

TLT