Funding you earn now, next payment 08:00 UTC−0.0485%/8h= −53.1% APRnext payment −$2.42 per $10,000 · paid last 24h −0.069%
Price spread now: Gate against Binance−0.370%7-day average −0.280% · you buy dearer than you sell
Net, funding: paid 7d − costs−$508as in the Funding arb table
Net, price: spread back to 7d avg − costs−$509as in the Price arb table
costs, in and out, $10k−$5004.997% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now −0.370%, 7d avg −0.280%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.090% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.280%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.42 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 | 0.0008241 | 0.0585 | pay 0.0292% / 4h | 3h 32m | $6.5M | $2.1M | 25x |
| Short | Gate TAG_USDT | 0.0008211 | 0.0100 | get 0.0050% / 4h | 3h 32m | $1.4M | $152K | 20x |
Binance TAGUSDT
Gate TAG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$101.81
- Price spread: −0.370% → −0.280%
- −$9.02
- Slippage, 4 orders
- −$474.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$610.52
- Costs to cover
- 4.997%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 5 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, 6 min ago | 3.03 bp | 48.9 bp −$49 | 563.5 bp −$5,635 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 12.78 bp | 255.3 bp −$255 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000TAGUSDT | +0.0100% | 4h | 0.0008215 | −0.322% | $531K | $616K | 5x | as long as short |
| Gate TAG_USDTshort | +0.0100% | 4h | 0.0008211 | −0.370% | $1.4M | $152K | 20x | |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008236 | −0.067% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008247 | +0.067% | $3.8M | $357K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008225 | −0.199% | $289 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0564% | 4h | 0.0008230 | −0.140% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0584% | 1h | 0.0008237 | −0.058% | $938 | $184K | 5x | as long as short |
| Binance TAGUSDTlong | +0.0585% | 4h | 0.0008241 | long leg | $6.5M | $2.1M | 25x | |
| MEXC TAG_USDT | +0.0586% | 4h | 0.0008240 | −0.018% | $5.6M | $140K | 100x | as long as short |
| Aster TAGUSDT | +0.0747% | 4h | 0.0008241 | −0.006% | $70K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
Extended TAG-USD
MEXC TAG_USDT
Aster TAGUSDT