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

TAG

all TAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.036%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1571.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.036%, 7d avg +0.014%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAGUSDT0.00082530.0779pay 0.0389% / 4h48m 04s$6.5M$2.2M25x
ShortMEXC TAG_USDT0.00082560.0792get 0.0396% / 4h48m 04s$5.6M$132K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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
$2.73
Price spread: +0.036% → +0.014%
$2.25
Slippage, 4 orders
−$143.06
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$152.07
Costs to cover
1.571%
Break-even
396.3 days
Slippage from Binance: live order book, 6 min ago; MEXC: live order book, 4 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 Binance live order book, 6 min ago3.00 bp51.3 bp −$51558.0 bp −$5,580doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.60 bp26.8 bp −$2778.5 bp −$785187.0 bp −$18.7Kdoesn't fit

TAG 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
Bybit 1000TAGUSDT+0.0100%4h0.0008225−0.339%$533K$634K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008236−0.206%$1.5M$159K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008256+0.036%$134K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008267+0.170%$3.8M$372K20xas long as short
Variational Omni TAG+0.0100%4h0.0008287+0.413%$291$552as long as short
Extended TAG-USD+0.0776%1h0.0008253+0.001%$1K$186K5xas long as short
Binance TAGUSDTlong+0.0779%4h0.0008253long leg$6.5M$2.2M25x
BingX TAG-USDT+0.0782%4h0.0008237−0.194%$1.3Mas long as short
MEXC TAG_USDTshort+0.0792%4h0.0008256+0.036%$5.6M$132K100x
Aster TAGUSDT+0.0965%4h0.0008252−0.010%$70K$6K5xas long as short