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

TAC

all TAC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0541%/8h= +59.2% APRnext payment +$2.70 per $10,000 · paid last 24h +0.095%
Price spread now: Binance against KuCoin+0.062%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,354as in the Price arb table
costs, in and out, $10k−$1,35313.525% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.245%+$24 on $10k
Price spread, last 7 days+0.005%+$1 · spread now +0.062%, 7d avg +0.080%
Together, before fees+0.250%+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$16 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 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TACUSDTM0.0016200.0184pay 0.0092% / 4h25m 18s$1.4M$192K10x
ShortBinance TACUSDT0.0016210.0725get 0.0362% / 4h25m 18s$2.8M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
$113.54
Price spread: +0.062% → +0.080%
−$1.8
Slippage, 4 orders
−$1,330.5
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$1,240.76
Costs to cover
13.525%
Break-even
83.5 days
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 10 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 KuCoin live order book, 5 min ago9.24 bp635.1 bp −$635doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago6.19 bp34.7 bp −$35181.8 bp −$1,818doesn'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 TACUSDTMlong+0.0184%4h0.001620long leg$1.4M$192K10x
Variational Omni TAC+0.0375%4h0.001622+0.105%$16as long as short
Bybit TACUSDT+0.0510%4h0.001621+0.062%$1.2M$191K5xas long as short
Aster TACUSDT+0.0586%4h0.001623+0.157%$23K$11K5xas long as short
BingX TAC-USDT+0.0671%4h0.001622+0.123%$1.3Mas long as short
BloFin TAC-USDT+0.0694%4h0.001623+0.185%$182K$4K10xas long as short
Binance TACUSDTshort+0.0725%4h0.001621+0.062%$2.8M$2.3M10x
MEXC TAC_USDT+0.0726%4h0.001621+0.062%$472K$135K50xas long as short
Extended TAC-USD+0.0728%1h0.001621+0.035%$1K$152K5xas long as short
Gate TAC_USDT+0.0782%4h0.001624+0.247%$252K$186K10xas long as short