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+0.0023%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: HTX against tradeXYZ+0.240%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.072%−$7 on $10k
Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.240%, 7d avg +0.064%
Together, before fees−0.431%+ Points / potential airdroptradeXYZ: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.176% dearer against tradeXYZ than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.064%. Mind the row above: over the last 4 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:TLT81.615−0.0023get 0.0003% / 1h30m 37s$544K$334K20x
ShortHTX TLT-USDT81.8110get 0.0000% / 1h30m 37s$4K$371K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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
$4.91
Price spread: +0.240% → +0.064%
$17.58
Slippage, 4 orders
−$78.75
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee HTX: 6 bp × 2 orders
−$12
Net
−$86.26
Costs to cover
1.087%
Break-even
130.0 days
Slippage from tradeXYZ: live order book, 26 min ago; HTX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 26 min ago11.02 bp20.3 bp −$2020.6 bp −$206doesn't fitdoesn't fit
Sell HTX live order book, 7 min ago13.52 bp48.6 bp −$49doesn't fitdoesn't fitdoesn't fit

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
tradeXYZ xyz:TLTlong−0.0023%1h81.615long leg$544K$334K20x
Gate TLT_USDT0.0000%8h81.910+0.361%$345K$11K50xas long as short
Bitget TLTUSDT0.0000%8h81.760+0.178%$8K$13K20xas long as short
SunX TLT-USDT0.0000%1h81.616+0.001%$2.4M10xas long as short
HTX TLT-USDTshort0.0000%1h81.811+0.240%$4K$371K20x
MEXC TLT_USDT+0.0049%8h81.880+0.325%$132K$92K20xas long as short
Bybit TLTUSDT+0.0049%8h81.850+0.288%$53K$31K25xas long as short
BloFin TLT-USDT+0.0072%8h81.780+0.202%$27K$6K25xas long as short