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

TAG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.013%
Price spread now: Extended against BingX+0.227%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$313as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2892.892% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.236%−$24 on $10k
Price spread, last 4 days (all we have)−0.670%−$67 · spread now +0.227%, 7d avg +0.016%
Together, before fees−0.906%+ Points / potential airdropExtended: Active · farm board−$91 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 Extended is 0.210% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TAG-USDT0.00083000.0812pay 0.0406% / 4h53m 27s$1.3M
ShortExtended TAG-USD0.00083190.0824get 0.0103% / 1h53m 27s$1K$186K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
$2.52
Price spread: +0.227% → +0.016%
$21.03
Slippage, 4 orders
−$274.24
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$265.69
Costs to cover
2.892%
Break-even
745.0 days
Slippage from BingX: live order book, 6 min ago; Extended: 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 BingX live order book, 6 min ago7.23 bp25.8 bp −$26339.5 bp −$3,395doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago18.04 bp114.4 bp −$114doesn't fitdoesn't fitdoesn'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%4h0.0008299−0.012%$538K$639K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008297−0.036%$1.5M$159K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008312+0.145%$135K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008324+0.289%$3.9M$372K20xas long as short
Variational Omni TAG+0.0100%4h0.0008332+0.387%$292$552as long as short
BingX TAG-USDTlong+0.0812%4h0.0008300long leg$1.3M
Extended TAG-USDshort+0.0824%1h0.0008319+0.227%$1K$186K5x
MEXC TAG_USDT+0.0824%4h0.0008320+0.241%$5.7M$131K100xas long as short
Binance TAGUSDT+0.0824%4h0.0008313+0.157%$6.6M$2.2M25xas long as short
Aster TAGUSDT+0.1005%4h0.0008331+0.371%$71K$6K5xas long as short