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: MEXC against Bybit−0.046%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1221.222% 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 4 days (all we have)+0.068%+$7 · spread now −0.046%, 7d avg −0.019%
Together, before fees+0.064%+$6 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: MEXC is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TZAUSDT43.8200get 0.0000% / 8h3h 46m$369K$72K25x
ShortMEXC TZA_USDT43.8000get 0.0000% / 8h3h 46m$227K$91K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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: −0.046% → −0.019%
−$2.68
Slippage, 4 orders
−$111.18
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 0 bp × 2 orders
$0
Net
−$124.87
Costs to cover
1.222%
Break-even
never at this rate
Slippage from Bybit: live order book, 63 min ago; MEXC: live order book, 53 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 Bybit live order book, 63 min ago9.13 bp46.5 bp −$46199.6 bp −$1,996doesn't fitdoesn't fit
Sell MEXC live order book, 53 min ago7.98 bp20.6 bp −$21147.6 bp −$1,476218.1 bp −$21.8K281.8 bp −$140.9K

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−0.0956%4h43.825+0.011%$41K$314K10xas long as short
Binance TZAUSDT0.0000%8h43.812−0.017%$902K$405K25xas long as short
Bybit TZAUSDTlong0.0000%8h43.820long leg$369K$72K25x
Gate TZA_USDT0.0000%8h43.810−0.023%$112K$78820xas long as short
MEXC TZA_USDTshort0.0000%8h43.800−0.046%$227K$91K50x
Bitget TZAUSDT0.0000%8h43.819−0.002%$168K$67K20xas long as short
Variational Omni TZA0.0000%8h43.832+0.028%$188K$31Kas long as short
HTX TZA-USDT0.0000%8h43.920+0.228%$6K$37K10xas long as short