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: Gate against Bitget+0.016%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1491.487% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.016%, 7d avg −0.013%
Together, before fees−0.124%−$12 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: Gate is 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TZAUSDT43.8030get 0.0000% / 8h2h 21m$168K$66K20x
ShortGate TZA_USDT43.8100get 0.0000% / 8h2h 21m$112K$80620x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: +0.016% → −0.013%
$2.87
Slippage, 4 orders
−$121.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$145.78
Costs to cover
1.487%
Break-even
never at this rate
Slippage from Bitget: live order book, 9 min ago; Gate: live order book, 18 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 Bitget live order book, 9 min ago9.92 bp17.2 bp −$1735.3 bp −$353doesn't fitdoesn't fit
Sell Gate live order book, 18 min ago37.72 bp46.4 bp −$46doesn't fitdoesn'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−0.0802%4h43.844+0.094%$41K$313K10xas long as short
Binance TZAUSDT0.0000%8h43.790−0.030%$900K$425K25xas long as short
Bybit TZAUSDT0.0000%8h43.800−0.007%$369K$70K25xas long as short
Gate TZA_USDTshort0.0000%8h43.810+0.016%$112K$80620x
MEXC TZA_USDT0.0000%8h43.800−0.007%$227K$92K50xas long as short
Bitget TZAUSDTlong0.0000%8h43.803long leg$168K$66K20x
Variational Omni TZA0.0000%8h43.818+0.034%$188K$31Kas long as short
HTX TZA-USDT0.0000%8h43.570−0.532%$6K$37K10xas long as short