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

TAG

all TAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%
Price spread now: Bybit against Extended−0.402%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$463as in the Funding arb table
Net, price: spread back to 7d avg − costs−$522as in the Price arb table
costs, in and out, $10k−$4884.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.245%+$25 on $10k
Price spread, last 4 days (all we have)+0.363%+$36 · spread now −0.402%, 7d avg −0.062%
Together, before fees+0.609%+ Points / potential airdropExtended: Active · farm board+$61 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 0.340% cheaper against Extended than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAG-USD0.00081830.0104pay 0.0013% / 1h7m 25s$2K$187K5x
ShortBybit 1000TAGUSDT0.00081500.0100get 0.0050% / 4h2h 07m$542K$579K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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
−$0.84
Price spread: −0.402% → −0.062%
−$33.97
Slippage, 4 orders
−$471.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$522.55
Costs to cover
4.877%
Break-even
never at this rate
Slippage from Extended: live order book, 14 min ago; Bybit: live order book, 8 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 Extended live order book, 14 min ago12.16 bp108.6 bp −$109961.5 bp −$9,615doesn't fitdoesn't fit
Sell Bybit live order book, 8 min ago9.75 bp114.6 bp −$115doesn't fitdoesn't fitdoesn't fit

TAG on 10 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 TAGUSDT+0.0100%4h0.0008185+0.027%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDTshort+0.0100%4h0.0008150−0.402%$542K$579K5x
Gate TAG_USDT+0.0100%4h0.0008152−0.378%$1.4M$151K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008186+0.038%$5.6M$149K100xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008162−0.255%$132K$34K25xas long as short
Bitget TAGUSDT+0.0100%4h0.0008183+0.001%$3.8M$354K20xas long as short
BingX TAG-USDT+0.0100%4h0.0008167−0.194%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008207+0.299%$759$82as long as short
Extended TAG-USDlong+0.0104%1h0.0008183long leg$2K$187K5x
Aster TAGUSDT+0.0887%4h0.0008180−0.035%$70K$7K5xas long as short