Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.090%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1851.849% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.090%, 7d avg −0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.106% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TEMUSDT | 77.970 | 0 | get 0.0000% / 8h | 5h 27m | $251K | $239K | 25x |
| Short | Phemex TEMUSDT | 78.040 | 0 | get 0.0000% / 8h | 5h 27m | $811K | $85K | 20x |
Bybit TEMUSDT
Phemex TEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.090% → −0.016%
- $10.62
- Slippage, 4 orders
- −$161.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$174.32
- Costs to cover
- 1.849%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 18 min ago; Phemex: live order book, 35 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, 18 min ago | 5.14 bp | 81.5 bp −$82 | 764.6 bp −$7,646 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 35 min ago | 6.41 bp | 40.6 bp −$41 | doesn't fit | 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 | 77.260 | −0.911% | $8K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 78.034 | +0.082% | $386K | $1.1M | 20x | as long as short |
| Bybit TEMUSDTlong | 0.0000% | 8h | 77.970 | long leg | $251K | $239K | 25x | |
| Gate TEM_USDT | 0.0000% | 8h | 77.880 | −0.115% | $60K | $8K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 77.870 | −0.128% | $195K | $812K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 78.040 | +0.090% | $6K | $384K | 20x | as long as short |
| Phemex TEMUSDTshort | 0.0000% | 8h | 78.040 | +0.090% | $811K | $85K | 20x | |
| QFEX TEM-USD | 0.0000% | 1h | 77.950 | −0.026% | $1.1M | $1.3M | 10x | as long as short |
| OKX TEM-USDT-SWAP | +0.0866% | 8h | 78.366 | +0.508% | $61K | $362K | 20x | as long as short |
Injective TEM/USDC PERP
Binance TEMUSDT
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
QFEX TEM-USD
OKX TEM-USDT-SWAP