Funding you earn now, next payment 00:00 UTC+0.0731%/8h= +80.1% APRnext payment +$3.66 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against Gate+0.383%7-day average +0.280% · you sell dearer than you buy
Net, funding: paid 7d − costs−$467as in the Funding arb table
Net, price: spread back to 7d avg − costs−$459as in the Price arb table
costs, in and out, $10k−$4694.690% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.383%, 7d avg +0.280%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Binance is 0.103% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.280%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.66 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 | Gate TAG_USDT | 0.0008179 | 0.0100 | pay 0.0050% / 4h | 11m 03s | $1.4M | $154K | 20x |
| Short | Binance TAGUSDT | 0.0008210 | 0.0831 | get 0.0416% / 4h | 11m 03s | $6.5M | $2.0M | 25x |
Gate TAG_USDT
Binance TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $153.59
- Price spread: +0.383% → +0.280%
- $10.26
- Slippage, 4 orders
- −$443.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$305.11
- Costs to cover
- 4.690%
- Break-even
- 20.9 days
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 13 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 Gate live order book, 1 min ago | 9.18 bp | 188.0 bp −$188 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.83 bp | 41.0 bp −$41 | 311.9 bp −$3,119 | 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 | 0.0008174 | −0.061% | $540K | $592K | 5x | as long as short |
| Gate TAG_USDTlong | +0.0100% | 4h | 0.0008179 | long leg | $1.4M | $154K | 20x | |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008192 | +0.159% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008206 | +0.330% | $3.8M | $352K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008207 | +0.340% | $367 | $471 | — | as long as short |
| BingX TAG-USDT | +0.0758% | 4h | 0.0008189 | +0.122% | — | $1.3M | — | as long as short |
| MEXC TAG_USDT | +0.0814% | 4h | 0.0008212 | +0.403% | $5.6M | $142K | 100x | as long as short |
| Binance TAGUSDTshort | +0.0831% | 4h | 0.0008210 | +0.383% | $6.5M | $2.0M | 25x | |
| Extended TAG-USD | +0.0832% | 1h | 0.0008210 | +0.377% | $2K | $187K | 5x | as long as short |
| Aster TAGUSDT | +0.1107% | 4h | 0.0008180 | +0.012% | $70K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT