Settings8H · net · $10k
Funding arb · Price arb /

TXN

RWAall TXN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%
Price spread now: Extended against Binance+0.196%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.196% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TXNUSDT270.520get 0.0000% / 8h2h 14m$285K$466K25x
ShortExtended TXN-USD271.050.0040get 0.0005% / 1h14m 52s$41K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$8.4
Price spread: +0.196% → 0.000%
$19.62
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$13.02
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Binance: live order book, 17 min ago; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 17 min ago5.74 bp37.1 bp −$37134.3 bp −$1,343doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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.

TXN on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TXNUSDTlong0.0000%8h270.52long leg$285K$466K25x
Bybit TXNUSDT0.0000%8h270.79+0.099%$165K$61K25xas long as short
Gate TXN_USDT0.0000%8h270.90+0.140%$226K$95K20xas long as short
Bitget TXNUSDT0.0000%8h270.55+0.011%$153K$102K20xas long as short
Variational Omni TXN0.0000%8h270.48−0.017%$20K$13Kas long as short
Extended TXN-USDshort+0.0040%1h271.05+0.196%$41K$12K10x
HTX TXN-USDT+0.0100%8h270.62+0.036%$4K$36K10xas long as short