Funding you earn now, next payment 08:00 UTC−0.0651%/8h= −71.3% APRnext payment −$3.25 per $10,000 · paid last 24h −0.073%
Price spread now: Bitget against Binance+0.213%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$2252.249% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days−0.264%−$26 · spread now +0.213%, 7d avg +0.006%
=The price spread pays, funding is against you. Bitget is 0.208% dearer against Binance than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.006%): +$21 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.107% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.25 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 | Binance TAGUSDT | 0.0008443 | 0.0751 | pay 0.0375% / 4h | 1h 31m | $6.7M | $2.0M | 25x |
| Short | Bitget TAGUSDT | 0.0008461 | 0.0100 | get 0.0050% / 4h | 1h 31m | $3.9M | $330K | 20x |
Binance TAGUSDT
Bitget TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$136.66
- Price spread: +0.213% → +0.006%
- $20.75
- Slippage, 4 orders
- −$202.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$340.79
- Costs to cover
- 2.249%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bitget: 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 Binance live order book, 7 min ago | 2.96 bp | 53.9 bp −$54 | 544.3 bp −$5,443 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 12.99 bp | 66.8 bp −$67 | 635.2 bp −$6,352 | 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 | 0.0008446 | +0.036% | $547K | $607K | 5x | as long as short |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008433 | −0.118% | $1.5M | $140K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008423 | −0.237% | $136K | $34K | 25x | as long as short |
| Bitget TAGUSDTshort | +0.0100% | 4h | 0.0008461 | +0.213% | $3.9M | $330K | 20x | |
| Variational Omni TAG | +0.0100% | 4h | 0.0008425 | −0.219% | $296 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0708% | 4h | 0.0008437 | −0.071% | — | $1.3M | — | as long as short |
| MEXC TAG_USDT | +0.0746% | 4h | 0.0008445 | +0.024% | $5.7M | $143K | 100x | as long as short |
| Binance TAGUSDTlong | +0.0751% | 4h | 0.0008443 | long leg | $6.7M | $2.0M | 25x | |
| Extended TAG-USD | +0.0752% | 1h | 0.0008441 | −0.024% | $3K | $188K | 5x | as long as short |
| Aster TAGUSDT | +0.0806% | 4h | 0.0008430 | −0.154% | $72K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
Gate TAG_USDT
KuCoin TAGUSDTM
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT