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

TAG

all TAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.012%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$964as in the Funding arb table
Net, price: spread back to 7d avg − costs−$990as in the Price arb table
costs, in and out, $10k−$9939.926% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.286%+$29 on $10k
Price spread, last 4 days (all we have)+0.324%+$32 · spread now −0.012%, 7d avg −0.040%
Together, before fees+0.610%+$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 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAGUSDTM0.00081880.0100pay 0.0050% / 4h1h 45m$132K$34K25x
ShortBybit 1000TAGUSDT0.00081870.0100get 0.0050% / 4h1h 45m$544K$579K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: −0.012% → −0.040%
$2.75
Slippage, 4 orders
−$969.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$989.83
Costs to cover
9.926%
Break-even
never at this rate
Slippage from KuCoin: live order book, 18 min ago; Bybit: live order book, 30 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 KuCoin live order book, 18 min ago61.75 bp409.2 bp −$409doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 30 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%4h0.0008219+0.383%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDTshort+0.0100%4h0.0008187−0.012%$544K$579K5x
Gate TAG_USDT+0.0100%4h0.0008178−0.122%$1.4M$152K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008216+0.342%$5.6M$139K100xas long as short
KuCoin TAGUSDTMlong+0.0100%4h0.0008188long leg$132K$34K25x
Bitget TAGUSDT+0.0100%4h0.0008221+0.403%$3.8M$358K20xas long as short
BingX TAG-USDT+0.0100%4h0.0008196+0.098%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008205+0.204%$759$82as long as short
Extended TAG-USD+0.0104%1h0.0008220+0.388%$2K$187K5xas long as short
Aster TAGUSDT+0.0812%4h0.0008200+0.147%$70K$6K5xas long as short