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 Bitget spot at $0.001501 and the highest bid on MEXC perp at $0.001503.
The widest TAC perpetual spread is between Bybit and MEXC: long TAC on Bybit at $0.001502 and short on MEXC at $0.001503 for +0.07% gross, or -0.09% 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 0.000% per day, which the position collects 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 MEXC: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot TAC arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows -0.07% 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.