Funding arb · Price arb /

TAG

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Swap Backtest

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 −0.004%

Price spread now: Bitget against Gate+0.639%7-day average +0.276% · you sell dearer than you buy

Net, funding: paid 7d − costs−$534as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$5325.324% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.479%−$48 · spread now +0.639%, 7d avg +0.276%

Together, before fees−0.498%−$50 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 0.363% dearer against Gate than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAG_USDT	0.0008144	0.0100	pay 0.0050% / 4h	1h 35m	$1.4M	$153K	20x
Short	Bitget TAGUSDT	0.0008196	0.0100	get 0.0050% / 4h	1h 35m	$3.8M	$358K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.639%Rate

Funding earned: $0
Price spread: +0.639% → +0.276%: $36.3
Slippage, 4 orders: −$505.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$496.1
Costs to cover: 5.324%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	11.04 bp	209.4 bp −$209	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	12.21 bp	43.5 bp −$44	319.5 bp −$3,195	doesn't fit	doesn't fit

TAG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TAGUSDT	+0.0100%	4h	0.0008187	+0.524%	$6.5M	$2.1M	25x	as long as short
Bybit 1000TAGUSDT	+0.0100%	4h	0.0008150	+0.074%	$543K	$581K	5x	as long as short
Gate TAG_USDTlong	+0.0100%	4h	0.0008144	long leg	$1.4M	$153K	20x
MEXC TAG_USDT	+0.0100%	4h	0.0008183	+0.479%	$5.6M	$139K	100x	as long as short
KuCoin TAGUSDTM	+0.0100%	4h	0.0008162	+0.221%	$132K	$34K	25x	as long as short
Bitget TAGUSDTshort	+0.0100%	4h	0.0008196	+0.639%	$3.8M	$358K	20x
BingX TAG-USDT	+0.0100%	4h	0.0008160	+0.196%	—	$1.3M	—	as long as short
Variational Omni TAG	+0.0100%	4h	0.0008257	+1.388%	$762	$82	—	as long as short
Extended TAG-USD	+0.0104%	1h	0.0008183	+0.474%	$2K	$187K	5x	as long as short
Aster TAGUSDT	+0.0801%	4h	0.0008174	+0.370%	$70K	$7K	5x	as long as short