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+0.1032%/8h= +113.0% APRnext payment +$5.16 per $10,000 · paid last 24h +0.224%
Price spread now: Aster against Bybit+0.305%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.360%+$36 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Aster is 0.305% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.360% in total (about 18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.16 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
LongBybit 1000TAGUSDT0.00082850.0100pay 0.0050% / 4h1h 17m$538K$660K5x
ShortAster TAGUSDT0.00083100.1132get 0.0566% / 4h1h 17m$71K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$216.69
Price spread: +0.305% → 0.000%
$30.54
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
$228.22
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bybit: live order book, 37 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 37 min ago3.57 bp200.8 bp −$201doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 1000TAGUSDTlong+0.0100%4h0.0008285long leg$538K$660K5x
Gate TAG_USDT+0.0100%4h0.0008292+0.084%$1.5M$163K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008313+0.338%$134K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008324+0.471%$3.9M$376K20xas long as short
Variational Omni TAG+0.0100%4h0.0008313+0.338%$293$552as long as short
BingX TAG-USDT+0.0938%4h0.0008305+0.241%$1.3Mas long as short
Binance TAGUSDT+0.0951%4h0.0008316+0.374%$6.6M$2.2M25xas long as short
Extended TAG-USD+0.0952%1h0.0008302+0.202%$3K$185K5xas long as short
MEXC TAG_USDT+0.0960%4h0.0008306+0.253%$5.7M$137K100xas long as short
Aster TAGUSDTshort+0.1132%4h0.0008310+0.305%$71K$6K5x