Funding you earn now, next payment 08:00 UTC+0.0484%/8h= +53.0% APRnext payment +$2.42 per $10,000 · paid last 24h +0.073%
Price spread now: MEXC against Bitget−0.243%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1541.539% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days+0.267%+$27 · spread now −0.243%, 7d avg +0.009%
=Funding pays, the price is against you. MEXC is 0.251% cheaper against Bitget than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of +0.009%). If the spread goes back, that is −$25 on $10k: about 42 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.105% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | Bitget TAGUSDT | 0.0008239 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $3.8M | $357K | 20x |
| Short | MEXC TAG_USDT | 0.0008219 | 0.0584 | get 0.0292% / 4h | 3h 31m | $5.6M | $140K | 100x |
Bitget TAGUSDT
MEXC TAG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $101.64
- Price spread: −0.243% → +0.009%
- −$25.13
- Slippage, 4 orders
- −$137.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$77.39
- Costs to cover
- 1.539%
- Break-even
- 12.3 days
Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago | 8.48 bp | 40.2 bp −$40 | 762.9 bp −$7,629 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.43 bp | 27.1 bp −$27 | 75.9 bp −$759 | 197.7 bp −$19.8K | 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 | 0.0008197 | −0.510% | $530K | $616K | 5x | as long as short |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008205 | −0.413% | $1.4M | $152K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008225 | −0.170% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDTlong | +0.0100% | 4h | 0.0008239 | long leg | $3.8M | $357K | 20x | |
| Variational Omni TAG | +0.0100% | 4h | 0.0008225 | −0.169% | $289 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0564% | 4h | 0.0008212 | −0.328% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0584% | 1h | 0.0008215 | −0.290% | $938 | $184K | 5x | as long as short |
| MEXC TAG_USDTshort | +0.0584% | 4h | 0.0008219 | −0.243% | $5.6M | $140K | 100x | |
| Binance TAGUSDT | +0.0587% | 4h | 0.0008220 | −0.229% | $6.5M | $2.1M | 25x | as long as short |
| Aster TAGUSDT | +0.0747% | 4h | 0.0008226 | −0.163% | $70K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
Gate TAG_USDT
KuCoin TAGUSDTM
Variational Omni TAG
BingX TAG-USDT
Extended TAG-USD
Binance TAGUSDT
Aster TAGUSDT