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: Bybit against MEXC0.000%7-day average +0.021% · 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−$164as in the Price arb table
costs, in and out, $10k−$1621.617% 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)0.000%$0 · spread now 0.000%, 7d avg +0.021%
Together, before fees+0.004%$0 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 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TZA_USDT44.1100get 0.0000% / 8h7h 44m$223K$95K50x
ShortBybit TZAUSDT44.1100get 0.0000% / 8h7h 44m$370K$70K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: 0.000% → +0.021%
−$2.07
Slippage, 4 orders
−$150.74
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$163.81
Costs to cover
1.617%
Break-even
never at this rate
Slippage from MEXC: live order book, 35 min ago; Bybit: live order book, 45 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, 35 min ago5.70 bp20.4 bp −$20111.1 bp −$1,111200.5 bp −$20.0K264.9 bp −$132.5K
Sell Bybit live order book, 45 min ago8.00 bp98.0 bp −$98222.2 bp −$2,222doesn'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
Binance TZAUSDT0.0000%8h44.1100.000%$908K$439K25xas long as short
Bybit TZAUSDTshort0.0000%8h44.1100.000%$370K$70K25x
Gate TZA_USDT0.0000%8h44.050−0.136%$113K$80120xas long as short
MEXC TZA_USDTlong0.0000%8h44.110long leg$223K$95K50x
Bitget TZAUSDT0.0000%8h44.124+0.032%$169K$67K20xas long as short
Variational Omni TZA0.0000%8h44.077−0.074%$189K$32Kas long as short
HTX TZA-USDT0.0000%8h44.090−0.045%$6K$37K10xas long as short
edgeX TZAUSDC+0.0593%4h44.078−0.072%$41K$314K10xas long as short