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

TZA

RWAall TZA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC+0.075%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$790.791% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.075%, 7d avg +0.025%
Together, before fees+0.037%+$4 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: Bitget is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TZA_USDT44.1300get 0.0000% / 8h7h 38m$223K$95K50x
ShortBitget TZAUSDT44.1630get 0.0000% / 8h7h 38m$169K$67K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: +0.075% → +0.025%
$5.02
Slippage, 4 orders
−$67.06
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$74.04
Costs to cover
0.791%
Break-even
never at this rate
Slippage from MEXC: live order book, 41 min ago; Bitget: 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 MEXC live order book, 41 min ago5.70 bp20.4 bp −$20111.1 bp −$1,111200.5 bp −$20.0K264.9 bp −$132.5K
Sell Bitget live order book, 42 min ago10.94 bp21.1 bp −$2155.5 bp −$555doesn'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−0.0974%4h44.161+0.070%$41K$313K10xas long as short
Binance TZAUSDT0.0000%8h44.1300.000%$909K$439K25xas long as short
Bybit TZAUSDT0.0000%8h44.160+0.068%$371K$70K25xas long as short
Gate TZA_USDT0.0000%8h44.080−0.113%$113K$80120xas long as short
MEXC TZA_USDTlong0.0000%8h44.130long leg$223K$95K50x
Bitget TZAUSDTshort0.0000%8h44.163+0.075%$169K$67K20x
Variational Omni TZA0.0000%8h44.168+0.085%$189K$32Kas long as short
HTX TZA-USDT0.0000%8h44.120−0.023%$6K$37K10xas long as short