Funding arb · Price arb /

TEM

RWAall TEM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against QFEX+0.061%7-day average +0.472% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 2 days (all we have)+1.048%+$105 · spread now +0.061%, 7d avg +0.472%

Together, before fees+1.048%+$105 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.411% cheaper against QFEX than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.472%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TEM-USD	77.960	0	get 0.0000% / 1h	41m 25s	$1.1M	$1.4M	10x
Short	Binance TEMUSDT	78.008	0	get 0.0000% / 8h	41m 25s	$379K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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

Position, each leg$Hold fordaysFee QFEXbpFee BinancebpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.472%: −$41.1
Slippage, 4 orders: −$65.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.85
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 6 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 QFEX live order book, 5 min ago	1.28 bp	20.3 bp −$20	24.0 bp −$240	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	4.49 bp	24.1 bp −$24	111.3 bp −$1,113	doesn't fit	doesn't fit

TEM on 9 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
Injective TEM/USDC PERP	−0.0220%	1h	77.220	−0.949%	$8K	$28K	12x	as long as short
Binance TEMUSDTshort	0.0000%	8h	78.008	+0.061%	$379K	$1.2M	20x
Bybit TEMUSDT	0.0000%	8h	78.020	+0.077%	$244K	$256K	25x	as long as short
OKX TEM-USDT-SWAP	0.0000%	8h	78.469	+0.653%	$41K	$337K	20x	as long as short
QFEX TEM-USDlong	0.0000%	1h	77.960	long leg	$1.1M	$1.4M	10x
Gate TEM_USDT	0.0000%	8h	77.950	−0.013%	$60K	$11K	20x	as long as short
Bitget TEMUSDT	0.0000%	8h	78.020	+0.077%	$172K	$983K	20x	as long as short
HTX TEM-USDT	0.0000%	8h	78.020	+0.077%	$6K	$383K	20x	as long as short
Phemex TEMUSDT	0.0000%	8h	77.980	+0.026%	$809K	$94K	20x	as long as short