Funding you earn now, next payment 00:00 UTC+0.1083%/8h= +118.5% APRnext payment +$5.41 per $10,000 · paid last 24h +0.102%
Price spread now: Gate against Bybit+0.185%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$481as in the Funding arb table
Net, price: spread back to 7d avg − costs−$472as in the Price arb table
costs, in and out, $10k−$4784.784% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.488%+$49 · spread now +0.185%, 7d avg +0.121%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Gate is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.121%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TACUSDT | 0.001626 | 0.0171 | pay 0.0086% / 4h | 1h 54m | $1.2M | $194K | 5x |
| Short | Gate TAC_USDT | 0.001629 | 0.1254 | get 0.0627% / 4h | 1h 54m | $253K | $174K | 10x |
Bybit TACUSDT
Gate TAC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $227.34
- Price spread: +0.185% → +0.121%
- $6.38
- Slippage, 4 orders
- −$452.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$244.7
- Costs to cover
- 4.784%
- Break-even
- 14.5 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 22 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, 1 min ago | 6.15 bp | 134.7 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 9.22 bp | 114.2 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TACUSDTlong | +0.0171% | 4h | 0.001626 | long leg | $1.2M | $194K | 5x | |
| Variational Omni TAC | +0.0208% | 4h | 0.001627 | +0.084% | $16 | — | — | as long as short |
| KuCoin TACUSDTM | +0.0434% | 4h | 0.001623 | −0.185% | $1.4M | $199K | 10x | as long as short |
| Aster TACUSDT | +0.0457% | 4h | 0.001624 | −0.101% | $26K | $6K | 5x | as long as short |
| BloFin TAC-USDT | +0.0514% | 4h | 0.001620 | −0.369% | $180K | $8K | 10x | as long as short |
| BingX TAC-USDT | +0.0538% | 4h | 0.001624 | −0.123% | — | $1.3M | — | as long as short |
| MEXC TAC_USDT | +0.0550% | 4h | 0.001623 | −0.185% | $478K | $133K | 50x | as long as short |
| Binance TACUSDT | +0.0550% | 4h | 0.001623 | −0.185% | $2.8M | $2.2M | 10x | as long as short |
| Extended TAC-USD | +0.0552% | 1h | 0.001623 | −0.202% | $3K | $167K | 5x | as long as short |
| Gate TAC_USDTshort | +0.1254% | 4h | 0.001629 | +0.185% | $253K | $174K | 10x |
Variational Omni TAC
KuCoin TACUSDTM
Aster TACUSDT
BloFin TAC-USDT
BingX TAC-USDT
MEXC TAC_USDT
Binance TACUSDT
Extended TAC-USD