Funding you earn now, next payment 04:00 UTC−0.0370%/8h= −40.5% APRpaid last 24h −0.303%
Price spread now: Bybit against Vest−0.679%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.679% cheaper against Vest than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest TSEM-USD-PERP | 237.09 | 0.0046 | pay 0.0006% / 1h | 42m 49s | — | — | 5x |
| Short | Bybit TSEMUSDT | 235.48 | −0.0325 | pay 0.0325% / 8h | 4h 42m | $137K | $2.6M | 25x |
Vest TSEM-USD-PERP
Bybit TSEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Vest. 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
- −$77.75
- Price spread: −0.679% → 0.000%
- −$67.91
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$158.66
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 2.77 bp | 74.2 bp −$74 | 184.2 bp −$1,842 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 TSEMUSDTshort | −0.0325% | 8h | 235.48 | −0.679% | $137K | $2.6M | 25x | |
| OKX TSEM-USDT-SWAP | 0.0000% | 8h | 235.63 | −0.616% | $48K | $151K | 10x | as long as short |
| Gate TSEM_USDT | 0.0000% | 8h | 234.97 | −0.894% | $163K | $261K | 20x | as long as short |
| Bitget TSEMUSDT | 0.0000% | 8h | 235.22 | −0.789% | $116K | $99K | 20x | as long as short |
| HTX TSEM-USDT | 0.0000% | 8h | 234.97 | −0.894% | $7K | $40K | 10x | as long as short |
| Vest TSEM-USD-PERPlong | +0.0046% | 1h | 237.09 | long leg | — | — | 5x |
OKX TSEM-USDT-SWAP
Gate TSEM_USDT
Bitget TSEMUSDT
HTX TSEM-USDT