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

TLT

RWAall TLT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment $0.28 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against BloFin−0.597%55s7-day average · you buy dearer than you sell
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 22 hours (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.597% cheaper against BloFin than usual: you would sell low and buy high (−$60 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TLT-USDT82.1200.0028pay 0.0028% / 8h1h 44m$27K$6K25x
ShortBitget TLTUSDT81.6300get 0.0000% / 8h1h 44m$7K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$5.79
Price spread: −0.597% → 0.000%
−$59.67
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$89.45
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Bitget: 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 BloFin no order-book sample
Sell Bitget no order-book sample
BloFin and Bitget: 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.

TLT on 8 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
Bybit TLTUSDT0.0000%8h81.850−0.329%$47K$26K25xas long as short
Gate TLT_USDT0.0000%8h82.110−0.012%$346K$11K50xas long as short
MEXC TLT_USDT0.0000%8h81.770−0.426%$131K$91K20xas long as short
Bitget TLTUSDTshort0.0000%8h81.630−0.597%$7K$13K20x
SunX TLT-USDT0.0000%1h81.687−0.527%$2.4M10xas long as short
HTX TLT-USDT0.0000%1h81.767−0.430%$4K$368K20xas long as short
BloFin TLT-USDTlong+0.0028%8h82.120long leg$27K$6K25x
tradeXYZ xyz:TLT+0.0256%1h81.629−0.598%$543K$329K20xas long as short