Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against MEXC−0.378%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$368as in the Price arb table
costs, in and out, $10k−$3423.418% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.378%, 7d avg −0.116%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.262% cheaper against MEXC than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.116%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TAG_USDT | 0.0008206 | 0.0138 | pay 0.0069% / 4h | 1h 22m | $5.6M | $141K | 100x |
| Short | Bybit 1000TAGUSDT | 0.0008175 | 0.0100 | get 0.0050% / 4h | 1h 22m | $543K | $582K | 5x |
MEXC TAG_USDT
Bybit 1000TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$7.98
- Price spread: −0.378% → −0.116%
- −$26.16
- Slippage, 4 orders
- −$326.77
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$375.91
- Costs to cover
- 3.418%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 53 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 MEXC live order book, 5 min ago | 2.44 bp | 27.8 bp −$28 | 70.4 bp −$704 | 209.1 bp −$20.9K | 566.8 bp −$283.4K |
| Sell Bybit live order book, 53 min ago | 9.75 bp | 114.6 bp −$115 | doesn't fit | 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 1000TAGUSDTshort | +0.0100% | 4h | 0.0008175 | −0.378% | $543K | $582K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008166 | −0.487% | $1.4M | $153K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008186 | −0.244% | $132K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008205 | −0.012% | $3.8M | $358K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008189 | −0.207% | $367 | $471 | — | as long as short |
| BingX TAG-USDT | +0.0118% | 4h | 0.0008189 | −0.207% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0136% | 1h | 0.0008206 | +0.005% | $2K | $187K | 5x | as long as short |
| MEXC TAG_USDTlong | +0.0138% | 4h | 0.0008206 | long leg | $5.6M | $141K | 100x | |
| Binance TAGUSDT | +0.0138% | 4h | 0.0008210 | +0.049% | $6.5M | $2.1M | 25x | as long as short |
| Aster TAGUSDT | +0.0836% | 4h | 0.0008190 | −0.195% | $70K | $7K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
Extended TAG-USD
Binance TAGUSDT
Aster TAGUSDT