Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.289%
Price spread now: Gate against Bybit−0.152%7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$454as in the Price arb table
costs, in and out, $10k−$4304.301% of the position
Funding, last 7 days+0.526%+$53 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.152%, 7d avg +0.084%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.236% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSEMUSDT | 230.52 | 0 | get 0.0000% / 8h | 7h 58m | $128K | $2.5M | 25x |
| Short | Gate TSEM_USDT | 230.17 | 0 | get 0.0000% / 8h | 7h 58m | $161K | $222K | 20x |
Bybit TSEMUSDT
Gate TSEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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: −0.152% → +0.084%
- −$23.58
- Slippage, 4 orders
- −$404.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$453.7
- Costs to cover
- 4.301%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 36 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 Bybit live order book, 3 min ago | 10.87 bp | 98.8 bp −$99 | 196.6 bp −$1,966 | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 9.12 bp | 86.4 bp −$86 | 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 TSEMUSDTlong | 0.0000% | 8h | 230.52 | long leg | $128K | $2.5M | 25x | |
| OKX TSEM-USDT-SWAP | 0.0000% | 8h | 230.07 | −0.195% | $45K | $138K | 10x | as long as short |
| Gate TSEM_USDTshort | 0.0000% | 8h | 230.17 | −0.152% | $161K | $222K | 20x | |
| Bitget TSEMUSDT | 0.0000% | 8h | 230.86 | +0.147% | $121K | $145K | 20x | as long as short |
| HTX TSEM-USDT | 0.0000% | 8h | 231.05 | +0.230% | $7K | $42K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 231.31 | +0.343% | — | — | 5x | as long as short |
OKX TSEM-USDT-SWAP
Bitget TSEMUSDT
HTX TSEM-USDT
Vest TSEM-USD-PERP