Funding arb · Price arb /

TZA

RWAall TZA markets

Swap Backtest

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 Bitget−0.055%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1891.886% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.055%, 7d avg −0.005%

Together, before fees−0.021%−$2 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 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TZAUSDT	43.984	0	get 0.0000% / 8h	0m 07s	$168K	$67K	20x
Short	Bybit TZAUSDT	43.960	0	get 0.0000% / 8h	0m 07s	$369K	$69K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.005%: −$4.92
Slippage, 4 orders: −$165.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$193.49
Costs to cover: 1.886%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; Bybit: live order book, 29 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 Bitget live order book, 21 min ago	10.94 bp	31.8 bp −$32	49.5 bp −$495	doesn't fit	doesn't fit
Sell Bybit live order book, 29 min ago	8.00 bp	98.0 bp −$98	222.2 bp −$2,222	doesn't fit	doesn't fit

TZA on 8 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
edgeX TZAUSDC	−0.0852%	4h	43.931	−0.121%	$41K	$315K	10x	as long as short
Binance TZAUSDT	0.0000%	8h	43.963	−0.048%	$898K	$426K	25x	as long as short
Bybit TZAUSDTshort	0.0000%	8h	43.960	−0.055%	$369K	$69K	25x
Gate TZA_USDT	0.0000%	8h	43.930	−0.123%	$113K	$810	20x	as long as short
MEXC TZA_USDT	0.0000%	8h	43.980	−0.009%	$222K	$97K	50x	as long as short
Bitget TZAUSDTlong	0.0000%	8h	43.984	long leg	$168K	$67K	20x
Variational Omni TZA	0.0000%	8h	43.934	−0.114%	$188K	$32K	—	as long as short
HTX TZA-USDT	0.0000%	8h	43.940	−0.100%	$6K	$38K	10x	as long as short