Funding you earn now, next payment 04:00 UTC−0.0868%/8h= −95.1% APRnext payment −$4.34 per $10,000 · paid last 24h −0.043%
Price spread now: Bybit against BingX+0.119%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2672.671% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.119%, 7d avg −0.053%
=The price spread pays, funding is against you. Bybit is 0.172% dearer against BingX than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.053%): +$17 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.041% in total) that is about 29 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 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 | BingX TAG-USDT | 0.0008402 | 0.1204 | pay 0.0602% / 4h | 2h 32m | — | $1.3M | — |
| Short | Bybit 1000TAGUSDT | 0.0008412 | 0.0336 | get 0.0168% / 4h | 2h 32m | $579K | $634K | 5x |
BingX TAG-USDT
Bybit 1000TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$182.32
- Price spread: +0.119% → −0.053%
- $17.21
- Slippage, 4 orders
- −$246.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$432.18
- Costs to cover
- 2.671%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 28 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 BingX live order book, 4 min ago | 9.56 bp | 27.4 bp −$27 | 305.7 bp −$3,057 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 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 | 0.0008377 | −0.298% | $1.5M | $165K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008373 | −0.345% | $135K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008431 | +0.345% | $3.9M | $377K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008383 | −0.230% | $295 | $552 | — | as long as short |
| Bybit 1000TAGUSDTshort | +0.0336% | 4h | 0.0008412 | +0.119% | $579K | $634K | 5x | |
| BingX TAG-USDTlong | +0.1204% | 4h | 0.0008402 | long leg | — | $1.3M | — | |
| MEXC TAG_USDT | +0.1246% | 4h | 0.0008414 | +0.143% | $5.7M | $137K | 100x | as long as short |
| Binance TAGUSDT | +0.1247% | 4h | 0.0008417 | +0.179% | $6.7M | $2.2M | 25x | as long as short |
| Extended TAG-USD | +0.1248% | 1h | 0.0008411 | +0.111% | $954 | $185K | 5x | as long as short |
| Aster TAGUSDT | +0.1383% | 4h | 0.0008381 | −0.246% | $72K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
MEXC TAG_USDT
Binance TAGUSDT
Extended TAG-USD
Aster TAGUSDT