TAC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0207%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.122%

Price spread now: Bybit against BloFin−0.123%62s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2832.827% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.873%−$87 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now −0.123%, 7d avg −0.067%

Together, before fees−1.123%−$112 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.056% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.067%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAC-USDT	0.001625	0.0701	pay 0.0351% / 4h	28m 11s	$182K	$4K	10x
Short	Bybit TACUSDT	0.001623	0.0494	get 0.0247% / 4h	28m 11s	$1.2M	$191K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$43.4
Price spread: −0.123% → −0.067%: −$5.64
Slippage, 4 orders: −$259.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$331.69
Costs to cover: 2.827%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 2 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 BloFin live order book, 2 min ago	6.16 bp	20.4 bp −$20	87.8 bp −$878	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.16 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit

TAC on 10 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
KuCoin TACUSDTM	+0.0174%	4h	0.001621	−0.246%	$1.4M	$192K	10x	as long as short
Variational Omni TAC	+0.0290%	4h	0.001623	−0.110%	$16	—	—	as long as short
Bybit TACUSDTshort	+0.0494%	4h	0.001623	−0.123%	$1.2M	$191K	5x
Aster TACUSDT	+0.0582%	4h	0.001624	−0.039%	$23K	$10K	5x	as long as short
BingX TAC-USDT	+0.0646%	4h	0.001622	−0.185%	—	$1.3M	—	as long as short
MEXC TAC_USDT	+0.0700%	4h	0.001622	−0.185%	$472K	$134K	50x	as long as short
BloFin TAC-USDTlong	+0.0701%	4h	0.001625	long leg	$182K	$4K	10x
Extended TAC-USD	+0.0712%	1h	0.001623	−0.151%	$1K	$150K	5x	as long as short
Binance TACUSDT	+0.0714%	4h	0.001623	−0.123%	$2.8M	$2.3M	10x	as long as short
Gate TAC_USDT	+0.0764%	4h	0.001625	0.000%	$252K	$186K	10x	as long as short