Funding you earn now, next payment 04:00 UTC+0.1000%/8h= +109.5% APRnext payment +$5.00 per $10,000 · paid last 24h +0.043%
Price spread now: BingX against Bitget−0.215%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.215%, 7d avg −0.100%
=Funding pays, the price is against you. BingX is 0.115% cheaper against Bitget than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.100%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.327% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.00 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 | 0.0008367 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $3.9M | $359K | 20x |
| Short | BingX TAG-USDT | 0.0008349 | 0.1100 | get 0.0550% / 4h | 3h 20m | — | $1.3M | — |
Bitget TAGUSDT
BingX TAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $210
- Price spread: −0.215% → −0.100%
- −$11.5
- Slippage, 4 orders
- −$120.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $55.61
- Costs to cover
- 1.429%
- Break-even
- 5.1 days
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 10.84 bp | 56.3 bp −$56 | 651.2 bp −$6,512 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 5.43 bp | 25.3 bp −$25 | 179.1 bp −$1,791 | 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 | 0.0008336 | −0.371% | $559K | $597K | 5x | as long as short |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008327 | −0.478% | $1.5M | $157K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008311 | −0.669% | $134K | $34K | 25x | as long as short |
| Bitget TAGUSDTlong | +0.0100% | 4h | 0.0008367 | long leg | $3.9M | $359K | 20x | |
| Variational Omni TAG | +0.0100% | 4h | 0.0008335 | −0.381% | $373 | $471 | — | as long as short |
| BingX TAG-USDTshort | +0.1100% | 4h | 0.0008349 | −0.215% | — | $1.3M | — | |
| Extended TAG-USD | +0.1168% | 1h | 0.0008356 | −0.133% | $1K | $187K | 5x | as long as short |
| MEXC TAG_USDT | +0.1170% | 4h | 0.0008359 | −0.096% | $5.7M | $141K | 100x | as long as short |
| Binance TAGUSDT | +0.1178% | 4h | 0.0008359 | −0.097% | $6.6M | $2.1M | 25x | as long as short |
| Aster TAGUSDT | +0.1329% | 4h | 0.0008336 | −0.373% | $71K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
Gate TAG_USDT
KuCoin TAGUSDTM
Variational Omni TAG
Extended TAG-USD
MEXC TAG_USDT
Binance TAGUSDT
Aster TAGUSDT