TAC arbitrage explained
Right now TAC trades on 8 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.001523 and the highest bid on KuCoin perp at $0.001525.
The widest TAC perpetual spread is between Gate and Binance: long TAC on Gate at $0.001523 and short on Binance at $0.001525 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.190% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TAC route is to buy spot on Bitget and short the perpetual on Binance: +0.13% gross, -0.07% net, with +0.109% a day of funding on the short leg.
Spot–spot TAC arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows -0.20% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TAC gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TAC funding rates · TAC spread charts · TAC price · arbitrage scanner for all coins.