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

TAG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Binance against Extended+0.016%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3033.030% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.016%, 7d avg +0.037%
Together, before fees+0.045%+ Points / potential airdropExtended: Active · farm board+$5 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: Binance is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAG-USD0.00081930.0616pay 0.0077% / 1h12m 55s$1K$257K5x
ShortBinance TAGUSDT0.00081940.0616get 0.0308% / 4h3h 12m$6.5M$2.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
$0.08
Price spread: +0.016% → +0.037%
−$2.16
Slippage, 4 orders
−$287.99
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$305.06
Costs to cover
3.030%
Break-even
25429.0 days
Slippage from Extended: live order book, 38 min ago; Binance: live order book, 11 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 Extended live order book, 38 min ago12.09 bp104.4 bp −$104901.4 bp −$9,014doesn't fitdoesn't fit
Sell Binance live order book, 11 min ago3.04 bp35.6 bp −$36294.1 bp −$2,941doesn'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%4h0.0008163−0.366%$526K$616K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008165−0.342%$1.4M$154K20xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008185−0.098%$132K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008198+0.061%$3.8M$346K20xas long as short
Variational Omni TAG+0.0100%4h0.0008204+0.135%$289$1Kas long as short
BingX TAG-USDT+0.0590%4h0.0008176−0.207%$1.3Mas long as short
Extended TAG-USDlong+0.0616%1h0.0008193long leg$1K$257K5x
Binance TAGUSDTshort+0.0616%4h0.0008194+0.016%$6.5M$2.1M25x
MEXC TAG_USDT+0.0620%4h0.0008195+0.024%$5.6M$147K100xas long as short
Aster TAGUSDT+0.0715%4h0.0008196+0.039%$70K$6K5xas long as short