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

TAC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.006%
Price spread now: Binance against Extended+0.002%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2472.473% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.002%, 7d avg +0.033%
Together, before fees+0.037%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.030% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAC-USD0.0016300.0736pay 0.0092% / 1h32m 30s$5K$150K5x
ShortBinance TACUSDT0.0016300.0732get 0.0366% / 4h3h 32m$2.8M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.89
Price spread: +0.002% → +0.033%
−$3.04
Slippage, 4 orders
−$232.25
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$251.18
Costs to cover
2.473%
Break-even
never at this rate
Slippage from Extended: live order book, 18 min ago; Binance: live order book, 3 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 Extended live order book, 18 min ago6.14 bp96.7 bp −$97602.7 bp −$6,027doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago3.07 bp35.6 bp −$36192.3 bp −$1,923doesn't fitdoesn't fit

TAC on 10 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
KuCoin TACUSDTM+0.0212%4h0.001630+0.002%$1.4M$194K10xas long as short
Bybit TACUSDT+0.0297%4h0.001631+0.064%$1.2M$196K5xas long as short
Variational Omni TAC+0.0575%4h0.001630+0.016%$16as long as short
Aster TACUSDT+0.0589%4h0.001631+0.038%$24K$11K5xas long as short
BingX TAC-USDT+0.0724%4h0.001629−0.059%$1.3Mas long as short
Gate TAC_USDT+0.0728%4h0.001631+0.064%$253K$186K10xas long as short
Binance TACUSDTshort+0.0732%4h0.001630+0.002%$2.8M$2.3M10x
Extended TAC-USDlong+0.0736%1h0.001630long leg$5K$150K5x
MEXC TAC_USDT+0.0738%4h0.001630+0.002%$482K$132K50xas long as short
BloFin TAC-USDT+0.0797%4h0.001627−0.182%$183K$4K10xas long as short