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

TZA

RWAall TZA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.022%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1611.614% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 2 days (all we have)−0.115%−$11 · spread now +0.022%, 7d avg +0.019%
Together, before fees−0.111%−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TZAUSDT43.7900get 0.0000% / 8h3h 02m$902K$432K25x
ShortBybit TZAUSDT43.8000get 0.0000% / 8h3h 02m$369K$70K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: +0.022% → +0.019%
$0.3
Slippage, 4 orders
−$140.44
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$161.14
Costs to cover
1.614%
Break-even
never at this rate
Slippage from Binance: live order book, 45 min ago; Bybit: live order book, 42 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 Binance live order book, 45 min ago7.99 bp30.5 bp −$3176.9 bp −$769doesn't fitdoesn't fit
Sell Bybit live order book, 42 min ago9.13 bp83.9 bp −$84203.5 bp −$2,035doesn't fitdoesn't fit

TZA on 8 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
edgeX TZAUSDC−0.0194%4h43.777−0.029%$41K$314K10xas long as short
Binance TZAUSDTlong0.0000%8h43.790long leg$902K$432K25x
Bybit TZAUSDTshort0.0000%8h43.800+0.022%$369K$70K25x
Gate TZA_USDT0.0000%8h43.800+0.022%$112K$78820xas long as short
MEXC TZA_USDT0.0000%8h43.790−0.001%$227K$93K50xas long as short
Bitget TZAUSDT0.0000%8h43.796+0.013%$168K$66K20xas long as short
Variational Omni TZA0.0000%8h43.777−0.030%$188K$31Kas long as short
HTX TZA-USDT0.0000%8h43.790−0.001%$6K$37K10xas long as short