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

TAG

all TAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%
Price spread now: Bitget against Extended+0.162%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$386as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3823.817% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.162%, 7d avg +0.049%
Together, before fees−0.117%+ Points / potential airdropExtended: Active · farm board−$12 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: Bitget is 0.113% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAG-USD0.00082170.0104pay 0.0013% / 1h51m 54s$2K$187K5x
ShortBitget TAGUSDT0.00082300.0100get 0.0050% / 4h1h 51m$3.8M$358K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$0.84
Price spread: +0.162% → +0.049%
$11.26
Slippage, 4 orders
−$364.71
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$371.29
Costs to cover
3.817%
Break-even
never at this rate
Slippage from Extended: live order book, 30 min ago; Bitget: live order book, 1 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, 30 min ago12.16 bp108.6 bp −$109961.5 bp −$9,615doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago19.46 bp73.8 bp −$74495.4 bp −$4,954doesn'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+0.016%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDT+0.0100%4h0.0008190−0.325%$545K$579K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008194−0.276%$1.4M$152K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008214−0.033%$5.6M$138K100xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008195−0.264%$133K$34K25xas long as short
Bitget TAGUSDTshort+0.0100%4h0.0008230+0.162%$3.8M$358K20x
BingX TAG-USDT+0.0100%4h0.0008203−0.167%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008229+0.147%$765$82as long as short
Extended TAG-USDlong+0.0104%1h0.0008217long leg$2K$187K5x
Aster TAGUSDT+0.0858%4h0.0008196−0.257%$70K$6K5xas long as short