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

TAG

all TAG markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.486%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$402as in the Funding arb table
Net, price: spread back to 7d avg − costs−$468as in the Price arb table
costs, in and out, $10k−$4314.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.286%+$29 on $10k
Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.486%, 7d avg −0.114%
Together, before fees+0.576%+$58 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: Bybit is 0.372% cheaper against Bitget than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.114%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TAGUSDT0.00082300.0100pay 0.0050% / 4h1h 52m$3.8M$358K20x
ShortBybit 1000TAGUSDT0.00081900.0100get 0.0050% / 4h1h 52m$545K$579K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
Price spread: −0.486% → −0.114%
−$37.16
Slippage, 4 orders
−$407.9
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$468.07
Costs to cover
4.309%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 23 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 Bitget live order book, 1 min ago19.46 bp88.7 bp −$89768.4 bp −$7,684doesn't fitdoesn't fit
Sell Bybit live order book, 23 min ago9.75 bp114.6 bp −$115doesn'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
Binance TAGUSDT+0.0100%4h0.0008218−0.146%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDTshort+0.0100%4h0.0008190−0.486%$545K$579K5x
Gate TAG_USDT+0.0100%4h0.0008194−0.437%$1.4M$152K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008214−0.194%$5.6M$138K100xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008195−0.425%$133K$34K25xas long as short
Bitget TAGUSDTlong+0.0100%4h0.0008230long leg$3.8M$358K20x
BingX TAG-USDT+0.0100%4h0.0008203−0.328%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008229−0.015%$765$82as long as short
Extended TAG-USD+0.0104%1h0.0008217−0.162%$2K$187K5xas long as short
Aster TAGUSDT+0.0858%4h0.0008196−0.418%$70K$6K5xas long as short