Funding you earn now, next payment 04:00 UTC+0.0957%/8h= +104.8% APRnext payment +$4.78 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against Bybit+0.083%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2962.958% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.083%, 7d avg +0.108%
=Funding pays, the price is against you. Binance is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.108%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.208%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.208% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.78 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 | Bybit 1000TAGUSDT | 0.0008406 | 0.0284 | pay 0.0142% / 4h | 2h 30m | $578K | $634K | 5x |
| Short | Binance TAGUSDT | 0.0008413 | 0.1240 | get 0.0620% / 4h | 2h 30m | $6.6M | $2.2M | 25x |
Bybit 1000TAGUSDT
Binance TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $200.91
- Price spread: +0.083% → +0.108%
- −$2.44
- Slippage, 4 orders
- −$274.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$97.33
- Costs to cover
- 2.958%
- Break-even
- 10.4 days
Slippage from Bybit: live order book, 30 min ago; Binance: live order book, 8 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 Bybit live order book, 30 min ago | 5.95 bp | 101.3 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.99 bp | 45.3 bp −$45 | 328.0 bp −$3,280 | 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 | 0.0008383 | −0.274% | $1.5M | $165K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008386 | −0.238% | $136K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008423 | +0.202% | $3.9M | $377K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008409 | +0.032% | $296 | $552 | — | as long as short |
| Bybit 1000TAGUSDTlong | +0.0284% | 4h | 0.0008406 | long leg | $578K | $634K | 5x | |
| BingX TAG-USDT | +0.1204% | 4h | 0.0008408 | +0.024% | — | $1.3M | — | as long as short |
| Binance TAGUSDTshort | +0.1240% | 4h | 0.0008413 | +0.083% | $6.6M | $2.2M | 25x | |
| MEXC TAG_USDT | +0.1244% | 4h | 0.0008406 | 0.000% | $5.7M | $137K | 100x | as long as short |
| Extended TAG-USD | +0.1248% | 1h | 0.0008408 | +0.026% | $959 | $185K | 5x | as long as short |
| Aster TAGUSDT | +0.1382% | 4h | 0.0008387 | −0.228% | $72K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT