Funding arb · Price arb /

TAG

all TAG markets

Swap Backtest

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: KuCoin against Gate+0.244%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,670as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,664as in the Price arb table

costs, in and out, $10k−$1,66816.681% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.244%, 7d avg +0.207%

Together, before fees−0.503%−$50 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: KuCoin is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAG_USDT	0.0008193	0.0100	pay 0.0050% / 4h	2h 29m	$1.4M	$151K	20x
Short	KuCoin TAGUSDTM	0.0008213	0.0100	get 0.0050% / 4h	2h 29m	$133K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.207%: $3.74
Slippage, 4 orders: −$1,641.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,664.32
Costs to cover: 16.681%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	14.66 bp	505.1 bp −$505	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	59.86 bp	662.5 bp −$663	doesn't fit	doesn't fit	doesn't fit

TAG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TAGUSDT	+0.0100%	4h	0.0008215	+0.267%	$6.5M	$2.1M	25x	as long as short
Bybit 1000TAGUSDT	+0.0100%	4h	0.0008189	−0.049%	$545K	$593K	5x	as long as short
Gate TAG_USDTlong	+0.0100%	4h	0.0008193	long leg	$1.4M	$151K	20x
MEXC TAG_USDT	+0.0100%	4h	0.0008215	+0.269%	$5.6M	$147K	100x	as long as short
KuCoin TAGUSDTMshort	+0.0100%	4h	0.0008213	+0.244%	$133K	$34K	25x
Bitget TAGUSDT	+0.0100%	4h	0.0008223	+0.366%	$3.8M	$354K	20x	as long as short
BingX TAG-USDT	+0.0100%	4h	0.0008202	+0.110%	—	$1.3M	—	as long as short
Variational Omni TAG	+0.0100%	4h	0.0008230	+0.447%	$760	$82	—	as long as short
Extended TAG-USD	+0.0104%	1h	0.0008217	+0.289%	$2K	$187K	5x	as long as short
Aster TAGUSDT	+0.0906%	4h	0.0008220	+0.330%	$70K	$7K	5x	as long as short