Funding you earn now, next payment 08:00 UTC+0.0610%/8h= +66.8% APRnext payment +$3.05 per $10,000 · paid last 24h +0.070%
Price spread now: BingX against Bybit+0.154%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$722as in the Funding arb table
Net, price: spread back to 7d avg − costs−$719as in the Price arb table
costs, in and out, $10k−$7297.286% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now +0.154%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BingX is 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.05 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 | 0.0008444 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $547K | $606K | 5x |
| Short | BingX TAG-USDT | 0.0008457 | 0.0710 | get 0.0355% / 4h | 1h 42m | — | $1.3M | — |
Bybit 1000TAGUSDT
BingX TAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $128.1
- Price spread: +0.154% → +0.056%
- $9.75
- Slippage, 4 orders
- −$707.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$590.74
- Costs to cover
- 7.286%
- Break-even
- 39.3 days
Slippage from Bybit: live order book, 58 min ago; BingX: live order book, 3 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, 58 min ago | 3.06 bp | 425.4 bp −$425 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 12.34 bp | 35.1 bp −$35 | 233.1 bp −$2,331 | 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 1000TAGUSDTlong | +0.0100% | 4h | 0.0008444 | long leg | $547K | $606K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008455 | +0.130% | $1.5M | $139K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008442 | −0.024% | $137K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008494 | +0.592% | $4.0M | $329K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008530 | +1.019% | $300 | $1K | — | as long as short |
| BingX TAG-USDTshort | +0.0710% | 4h | 0.0008457 | +0.154% | — | $1.3M | — | |
| Extended TAG-USD | +0.0744% | 1h | 0.0008468 | +0.288% | $3K | $269K | 5x | as long as short |
| Binance TAGUSDT | +0.0744% | 4h | 0.0008468 | +0.284% | $6.7M | $2.0M | 25x | as long as short |
| MEXC TAG_USDT | +0.0746% | 4h | 0.0008472 | +0.332% | $5.7M | $142K | 100x | as long as short |
| Aster TAGUSDT | +0.0791% | 4h | 0.0008439 | −0.063% | $72K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
Extended TAG-USD
Binance TAGUSDT
MEXC TAG_USDT
Aster TAGUSDT