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

TAG

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.157%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,083as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,092as in the Price arb table
costs, in and out, $10k−$2,11221.120% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.286%+$29 on $10k
Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.157%, 7d avg −0.040%
Together, before fees+0.408%+$41 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: Bybit is 0.197% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAGUSDTM0.00082960.0100pay 0.0050% / 4h3h 58m$134K$34K25x
ShortBybit 1000TAGUSDT0.00083090.0100get 0.0050% / 4h3h 58m$529K$606K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: +0.157% → −0.040%
$19.68
Slippage, 4 orders
−$2,089.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$2,092.34
Costs to cover
21.120%
Break-even
never at this rate
Slippage from KuCoin: live order book, 31 min ago; Bybit: live order book, 31 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 KuCoin live order book, 31 min ago92.61 bp1229.9 bp −$1,230doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 31 min ago4.24 bp109.0 bp −$109doesn'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 1000TAGUSDTshort+0.0100%4h0.0008309+0.157%$529K$606K5x
Gate TAG_USDT+0.0100%4h0.0008307+0.133%$1.5M$142K20xas long as short
KuCoin TAGUSDTMlong+0.0100%4h0.0008296long leg$134K$34K25x
Bitget TAGUSDT+0.0100%4h0.0008346+0.603%$3.9M$354K20xas long as short
Variational Omni TAG+0.0100%4h0.0008346+0.601%$294$1Kas long as short
BingX TAG-USDT+0.0624%4h0.0008309+0.157%$1.3Mas long as short
Binance TAGUSDT+0.0646%4h0.0008336+0.482%$6.6M$2.1M25xas long as short
Extended TAG-USD+0.0648%1h0.0008332+0.433%$2K$200K5xas long as short
MEXC TAG_USDT+0.0650%4h0.0008327+0.374%$5.8M$219K100xas long as short
Aster TAGUSDT+0.0755%4h0.0008316+0.240%$71K$6K5xas long as short