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 Bitget−0.060%7-day average +0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$600as in the Funding arb table
Net, price: spread back to 7d avg − costs−$610as in the Price arb table
costs, in and out, $10k−$5905.904% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.060%, 7d avg +0.141%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.200% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSEMUSDT | 234.97 | 0 | get 0.0000% / 8h | 4h 03m | $117K | $98K | 20x |
| Short | Gate TSEM_USDT | 234.83 | 0 | get 0.0000% / 8h | 4h 03m | $163K | $262K | 20x |
Bitget TSEMUSDT
Gate TSEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.060% → +0.141%
- −$20.04
- Slippage, 4 orders
- −$563.37
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$610.42
- Costs to cover
- 5.904%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 46 min ago; Gate: live order book, 52 min ago.
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 live order book, 46 min ago | 18.30 bp | 195.5 bp −$196 | 229.8 bp −$2,298 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 5.97 bp | 57.0 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
TSEM on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TSEMUSDT | −0.0164% | 8h | 234.62 | −0.149% | $138K | $2.5M | 25x | as long as short |
| OKX TSEM-USDT-SWAP | 0.0000% | 8h | 235.04 | +0.030% | $48K | $140K | 10x | as long as short |
| Gate TSEM_USDTshort | 0.0000% | 8h | 234.83 | −0.060% | $163K | $262K | 20x | |
| Bitget TSEMUSDTlong | 0.0000% | 8h | 234.97 | long leg | $117K | $98K | 20x | |
| HTX TSEM-USDT | 0.0000% | 8h | 234.20 | −0.328% | $7K | $40K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 236.18 | +0.515% | — | — | 5x | as long as short |
Bybit TSEMUSDT
OKX TSEM-USDT-SWAP
HTX TSEM-USDT
Vest TSEM-USD-PERP