Funding you earn now, next payment 04:00 UTC+0.0930%/8h= +101.9% APRnext payment +$4.65 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against Bitget+0.036%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1791.794% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now +0.036%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Binance is 0.038% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.65 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 | Bitget TAGUSDT | 0.0008269 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $3.8M | $360K | 20x |
| Short | Binance TAGUSDT | 0.0008272 | 0.1030 | get 0.0515% / 4h | 3h 43m | $6.6M | $2.1M | 25x |
Bitget TAGUSDT
Binance TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $195.4
- Price spread: +0.036% → −0.001%
- $3.77
- Slippage, 4 orders
- −$157.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $19.79
- Costs to cover
- 1.794%
- Break-even
- 6.3 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 10 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 Bitget live order book, 4 min ago | 11.47 bp | 41.1 bp −$41 | 757.0 bp −$7,570 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.82 bp | 45.0 bp −$45 | 310.4 bp −$3,104 | 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 | 0.0008244 | −0.302% | $546K | $583K | 5x | as long as short |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008236 | −0.399% | $1.5M | $156K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008235 | −0.411% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDTlong | +0.0100% | 4h | 0.0008269 | long leg | $3.8M | $360K | 20x | |
| Variational Omni TAG | +0.0100% | 4h | 0.0008256 | −0.155% | $370 | $471 | — | as long as short |
| BingX TAG-USDT | +0.0966% | 4h | 0.0008256 | −0.157% | — | $1.3M | — | as long as short |
| MEXC TAG_USDT | +0.1030% | 4h | 0.0008275 | +0.073% | $5.7M | $139K | 100x | as long as short |
| Binance TAGUSDTshort | +0.1030% | 4h | 0.0008272 | +0.036% | $6.6M | $2.1M | 25x | |
| Extended TAG-USD | +0.1032% | 1h | 0.0008262 | −0.081% | $1K | $187K | 5x | as long as short |
| Aster TAGUSDT | +0.1238% | 4h | 0.0008240 | −0.351% | $70K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
Gate TAG_USDT
KuCoin TAGUSDTM
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT