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

TAG

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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 −0.005%
Price spread now: Bitget against BingX+0.036%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2072.068% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.289%−$29 on $10k
Price spread, last 7 days+0.128%+$13 · spread now +0.036%, 7d avg +0.099%
Together, before fees−0.162%−$16 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 0.063% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TAG-USDT0.00082210.0100pay 0.0050% / 4h2h 27m$1.3M
ShortBitget TAGUSDT0.00082240.0100get 0.0050% / 4h2h 27m$3.8M$354K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.036% → +0.099%
−$6.28
Slippage, 4 orders
−$184.8
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$213.08
Costs to cover
2.068%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 5 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 BingX live order book, 9 min ago10.96 bp56.6 bp −$57442.1 bp −$4,421doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago16.40 bp63.9 bp −$64458.7 bp −$4,587doesn'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%4h0.0008236+0.182%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDT+0.0100%4h0.0008199−0.268%$546K$593K5xas long as short
Gate TAG_USDT+0.0100%4h0.0008195−0.316%$1.4M$151K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008203−0.219%$5.6M$148K100xas long as short
KuCoin TAGUSDTM+0.0100%4h0.0008219−0.024%$133K$34K25xas long as short
Bitget TAGUSDTshort+0.0100%4h0.0008224+0.036%$3.8M$354K20x
BingX TAG-USDTlong+0.0100%4h0.0008221long leg$1.3M
Variational Omni TAG+0.0100%4h0.0008230+0.105%$760$82as long as short
Extended TAG-USD+0.0104%1h0.0008233+0.146%$2K$187K5xas long as short
Aster TAGUSDT+0.0895%4h0.0008220−0.012%$70K$7K5xas long as short