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: KuCoin against Bybit−0.037%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,390as in the Price arb table
costs, in and out, $10k−$1,38313.832% 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)−0.118%−$12 · spread now −0.037%, 7d avg +0.033%
Together, before fees−0.404%−$40 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: KuCoin is 0.069% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000TAGUSDT0.00081980.0100pay 0.0050% / 4h3h 30m$544K$596K5x
ShortKuCoin TAGUSDTM0.00081950.0100get 0.0050% / 4h3h 30m$133K$35K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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: −0.037% → +0.033%
−$6.92
Slippage, 4 orders
−$1,360.17
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,390.09
Costs to cover
13.832%
Break-even
never at this rate
Slippage from Bybit: live order book, 14 min ago; KuCoin: 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 Bybit live order book, 14 min ago9.19 bp339.9 bp −$340doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago74.83 bp578.7 bp −$579doesn'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%4h0.0008232+0.420%$6.5M$2.1M25xas long as short
Bybit 1000TAGUSDTlong+0.0100%4h0.0008198long leg$544K$596K5x
Gate TAG_USDT+0.0100%4h0.0008205+0.085%$1.4M$151K20xas long as short
MEXC TAG_USDT+0.0100%4h0.0008231+0.403%$5.6M$148K100xas long as short
KuCoin TAGUSDTMshort+0.0100%4h0.0008195−0.037%$133K$35K25x
Bitget TAGUSDT+0.0100%4h0.0008229+0.378%$3.8M$362K20xas long as short
BingX TAG-USDT+0.0100%4h0.0008217+0.232%$1.3Mas long as short
Variational Omni TAG+0.0100%4h0.0008240+0.511%$761$82as long as short
Extended TAG-USD+0.0104%1h0.0008227+0.350%$2K$187K5xas long as short
Aster TAGUSDT+0.0896%4h0.0008238+0.493%$70K$7K5xas long as short