Funding you earn now, next payment 04:00 UTC−0.0792%/8h= −86.7% APRnext payment −$3.96 per $10,000 · paid last 24h −0.142%
Price spread now: Bybit against Gate−0.121%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$493as in the Funding arb table
Net, price: spread back to 7d avg − costs−$489as in the Price arb table
costs, in and out, $10k−$4894.894% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.121%, 7d avg −0.127%
=The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.96 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 | Gate TAC_USDT | 0.001647 | 0.0892 | pay 0.0446% / 4h | 2h 09m | $257K | $187K | 10x |
| Short | Bybit TACUSDT | 0.001645 | 0.0100 | get 0.0050% / 4h | 2h 09m | $1.2M | $205K | 5x |
Gate TAC_USDT
Bybit TACUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$166.32
- Price spread: −0.121% → −0.127%
- $0.59
- Slippage, 4 orders
- −$463.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$655.12
- Costs to cover
- 4.894%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; Bybit: live order book, 1 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 Gate live order book, 52 min ago | 3.01 bp | 92.9 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.04 bp | 102.3 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
TAC on 9 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 TACUSDTshort | +0.0100% | 4h | 0.001645 | −0.121% | $1.2M | $205K | 5x | |
| Variational Omni TAC | +0.0100% | 4h | 0.001649 | +0.104% | $16 | — | — | as long as short |
| KuCoin TACUSDTM | +0.0410% | 4h | 0.001644 | −0.182% | $1.4M | $202K | 10x | as long as short |
| Aster TACUSDT | +0.0516% | 4h | 0.001646 | −0.067% | $24K | $9K | 5x | as long as short |
| Extended TAC-USD | +0.0568% | 1h | 0.001645 | −0.146% | $3K | $150K | 5x | as long as short |
| Binance TACUSDT | +0.0569% | 4h | 0.001646 | −0.085% | $2.8M | $2.4M | 10x | as long as short |
| BingX TAC-USDT | +0.0572% | 4h | 0.001646 | −0.061% | — | $1.3M | — | as long as short |
| MEXC TAC_USDT | +0.0580% | 4h | 0.001644 | −0.182% | $484K | $134K | 50x | as long as short |
| Gate TAC_USDTlong | +0.0892% | 4h | 0.001647 | long leg | $257K | $187K | 10x |
Variational Omni TAC
KuCoin TACUSDTM
Aster TACUSDT
Extended TAC-USD
Binance TACUSDT
BingX TAC-USDT
MEXC TAC_USDT