Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.123%
Price spread now: Gate against OKX−0.112%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$415as in the Funding arb table
Net, price: spread back to 7d avg − costs−$432as in the Price arb table
costs, in and out, $10k−$4274.275% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.112%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.043% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSEM-USDT-SWAP | 231.81 | 0 | get 0.0000% / 8h | 2h 14m | $46K | $157K | 10x |
| Short | Gate TSEM_USDT | 231.55 | 0 | get 0.0000% / 8h | 2h 14m | $168K | $277K | 20x |
OKX TSEM-USDT-SWAP
Gate TSEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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: −0.112% → −0.069%
- −$4.3
- Slippage, 4 orders
- −$402.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$431.77
- Costs to cover
- 4.275%
- Break-even
- never at this rate
Slippage from OKX: live order book, 30 min ago; Gate: live order book, 30 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 OKX live order book, 30 min ago | 8.06 bp | 133.9 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 28.50 bp | 95.8 bp −$96 | 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 | −0.0528% | 8h | 231.86 | +0.022% | $129K | $2.5M | 25x | as long as short |
| OKX TSEM-USDT-SWAPlong | 0.0000% | 8h | 231.81 | long leg | $46K | $157K | 10x | |
| Gate TSEM_USDTshort | 0.0000% | 8h | 231.55 | −0.112% | $168K | $277K | 20x | |
| Bitget TSEMUSDT | 0.0000% | 8h | 231.48 | −0.142% | $121K | $160K | 20x | as long as short |
| HTX TSEM-USDT | 0.0000% | 8h | 232.18 | +0.160% | $7K | $42K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 231.98 | +0.073% | — | — | 5x | as long as short |
Bybit TSEMUSDT
Bitget TSEMUSDT
HTX TSEM-USDT
Vest TSEM-USD-PERP