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

TAG

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.056%
Price spread now: Extended against Bybit+0.286%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$614as in the Funding arb table
Net, price: spread back to 7d avg − costs−$573as in the Price arb table
costs, in and out, $10k−$5945.945% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.194%−$19 on $10k
Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.286%, 7d avg +0.074%
Together, before fees−0.442%+ Points / potential airdropExtended: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Extended is 0.212% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.074%. Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% 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
LongBybit 1000TAGUSDT0.00082440.0100pay 0.0050% / 4h3m 02s$533K$632K5x
ShortExtended TAG-USD0.00082680.0672get 0.0084% / 1h3m 02s$4K$182K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$120.12
Price spread: +0.286% → +0.074%
$21.22
Slippage, 4 orders
−$578.47
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$453.13
Costs to cover
5.945%
Break-even
33.4 days
Slippage from Bybit: live order book, 47 min ago; Extended: live order book, 53 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 Bybit live order book, 47 min ago3.65 bp210.0 bp −$210doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 53 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 1000TAGUSDTlong+0.0100%4h0.0008244long leg$533K$632K5x
Gate TAG_USDT+0.0100%4h0.0008247+0.036%$1.5M$159K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008262+0.218%$134K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008279+0.425%$3.8M$364K20xas long as short
Variational Omni TAG+0.0100%4h0.0008262+0.219%$291$841as long as short
BingX TAG-USDT+0.0650%4h0.0008261+0.206%$1.3Mas long as short
Extended TAG-USDshort+0.0672%1h0.0008268+0.286%$4K$182K5x
Binance TAGUSDT+0.0675%4h0.0008270+0.315%$6.5M$2.1M25xas long as short
MEXC TAG_USDT+0.0676%4h0.0008274+0.364%$5.6M$139K100xas long as short
Aster TAGUSDT+0.0849%4h0.0008276+0.383%$71K$6K5xas long as short