Funding you earn now, next payment 04:00 UTC−0.1063%/8h= −116.4% APRnext payment −$5.32 per $10,000 · paid last 24h −0.044%
Price spread now: Bybit against Binance−0.048%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2822.823% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)−0.095%−$10 · spread now −0.048%, 7d avg −0.108%
=The price spread pays, funding is against you. Bybit is 0.060% dearer against Binance than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.108%): +$6 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.208%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TAGUSDT | 0.0008351 | 0.1296 | pay 0.0648% / 4h | 2h 54m | $6.6M | $2.1M | 25x |
| Short | Bybit 1000TAGUSDT | 0.0008347 | 0.0232 | get 0.0116% / 4h | 2h 54m | $573K | $628K | 5x |
Binance TAGUSDT
Bybit 1000TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$223.31
- Price spread: −0.048% → −0.108%
- $6.03
- Slippage, 4 orders
- −$261.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$499.55
- Costs to cover
- 2.823%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 6 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 Binance live order book, 14 min ago | 3.56 bp | 45.1 bp −$45 | 530.6 bp −$5,306 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 5.95 bp | 104.0 bp −$104 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate TAG_USDT | +0.0100% | 4h | 0.0008331 | −0.239% | $1.5M | $163K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008335 | −0.192% | $135K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008368 | +0.204% | $3.9M | $373K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008340 | −0.129% | $374 | $471 | — | as long as short |
| Bybit 1000TAGUSDTshort | +0.0232% | 4h | 0.0008347 | −0.048% | $573K | $628K | 5x | |
| BingX TAG-USDT | +0.1236% | 4h | 0.0008349 | −0.024% | — | $1.3M | — | as long as short |
| MEXC TAG_USDT | +0.1292% | 4h | 0.0008353 | +0.024% | $5.7M | $135K | 100x | as long as short |
| Binance TAGUSDTlong | +0.1296% | 4h | 0.0008351 | long leg | $6.6M | $2.1M | 25x | |
| Extended TAG-USD | +0.1296% | 1h | 0.0008349 | −0.023% | $3K | $187K | 5x | as long as short |
| Aster TAGUSDT | +0.1434% | 4h | 0.0008333 | −0.218% | $71K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT