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

TAG

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h +0.069%
Price spread now: Extended against Bitget−0.220%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3513.507% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$10 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.220%, 7d avg −0.058%
Together, before fees+0.244%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.163% cheaper against Bitget than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.058%). If the spread goes back, that is −$16 on $10k: about 26 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.105% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TAGUSDT0.00082160.0100pay 0.0050% / 4h2h 39m$3.8M$335K20x
ShortExtended TAG-USD0.00081980.0600get 0.0075% / 1h39m 29s$3K$262K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$105
Price spread: −0.220% → −0.058%
−$16.26
Slippage, 4 orders
−$333.74
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$262
Costs to cover
3.507%
Break-even
24.5 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 8 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, 3 min ago10.31 bp52.7 bp −$53786.3 bp −$7,863doesn't fitdoesn't fit
Sell Extended live order book, 8 min ago18.19 bp124.4 bp −$124doesn'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%4h0.0008176−0.487%$526K$602K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008188−0.341%$1.4M$141K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008210−0.073%$133K$34K25xas long as short
Bitget TAGUSDTlong+0.0100%4h0.0008216long leg$3.8M$335K20x
Variational Omni TAG+0.0100%4h0.0008217+0.008%$289$1Kas long as short
BingX TAG-USDT+0.0568%4h0.0008189−0.329%$1.3Mas long as short
Binance TAGUSDT+0.0596%4h0.0008200−0.195%$6.5M$2.1M25xas long as short
MEXC TAG_USDT+0.0598%4h0.0008205−0.134%$5.6M$144K100xas long as short
Extended TAG-USDshort+0.0600%1h0.0008198−0.220%$3K$262K5x
Aster TAGUSDT+0.0684%4h0.0008204−0.151%$70K$6K5xas long as short