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

TAG

all TAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bitget against Gate+0.501%7-day average +0.276% · you sell dearer than you buy
Net, funding: paid 7d − costs−$762as in the Funding arb table
Net, price: spread back to 7d avg − costs−$737as in the Price arb table
costs, in and out, $10k−$7607.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 7 days−0.341%−$34 · spread now +0.501%, 7d avg +0.276%
Together, before fees−0.360%−$36 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 0.225% dearer against Gate than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.276%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAG_USDT0.00081900.0100pay 0.0050% / 4h1h 52m$1.4M$152K20x
ShortBitget TAGUSDT0.00082310.0100get 0.0050% / 4h1h 52m$3.8M$358K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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
Price spread: +0.501% → +0.276%
$22.51
Slippage, 4 orders
−$732.77
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$737.26
Costs to cover
7.598%
Break-even
never at this rate
Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago10.32 bp374.5 bp −$375doesn't fitdoesn'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%4h0.0008225+0.424%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDT+0.0100%4h0.0008189−0.012%$545K$579K5xas long as short
Gate TAG_USDTlong+0.0100%4h0.0008190long leg$1.4M$152K20x
MEXC TAG_USDT+0.0100%4h0.0008199+0.110%$5.6M$138K100xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008195+0.061%$133K$34K25xas long as short
Bitget TAGUSDTshort+0.0100%4h0.0008231+0.501%$3.8M$358K20x
BingX TAG-USDT+0.0100%4h0.0008203+0.159%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008229+0.474%$765$82as long as short
Extended TAG-USD+0.0104%1h0.0008224+0.409%$2K$187K5xas long as short
Aster TAGUSDT+0.0858%4h0.0008196+0.073%$70K$6K5xas long as short