Funding you earn now, next payment 08:00 UTC−0.0510%/8h= −55.8% APRnext payment −$2.55 per $10,000 · paid last 24h −0.070%
Price spread now: Bybit against BingX−0.239%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$718as in the Funding arb table
Net, price: spread back to 7d avg − costs−$729as in the Price arb table
costs, in and out, $10k−$7117.111% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.239%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.182% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
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 −$2.55 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 | BingX TAG-USDT | 0.0008381 | 0.0610 | pay 0.0305% / 4h | 2h 13m | — | $1.3M | — |
| Short | Bybit 1000TAGUSDT | 0.0008361 | 0.0100 | get 0.0050% / 4h | 2h 13m | $536K | $592K | 5x |
BingX TAG-USDT
Bybit 1000TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$107.1
- Price spread: −0.239% → −0.057%
- −$18.2
- Slippage, 4 orders
- −$690.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$836.36
- Costs to cover
- 7.111%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 27 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 BingX live order book, 2 min ago | 7.19 bp | 25.9 bp −$26 | 336.1 bp −$3,361 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 3.06 bp | 235.4 bp −$235 | 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 | 0.0008361 | −0.239% | $536K | $592K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008368 | −0.155% | $1.5M | $143K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008361 | −0.239% | $135K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008394 | +0.155% | $3.9M | $326K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008343 | −0.458% | $293 | $1K | — | as long as short |
| BingX TAG-USDTlong | +0.0610% | 4h | 0.0008381 | long leg | — | $1.3M | — | |
| MEXC TAG_USDT | +0.0684% | 4h | 0.0008392 | +0.131% | $5.7M | $147K | 100x | as long as short |
| Binance TAGUSDT | +0.0685% | 4h | 0.0008386 | +0.060% | $6.6M | $2.0M | 25x | as long as short |
| Extended TAG-USD | +0.0688% | 1h | 0.0008383 | +0.019% | $2K | $264K | 5x | as long as short |
| Aster TAGUSDT | +0.0741% | 4h | 0.0008377 | −0.049% | $71K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
MEXC TAG_USDT
Binance TAGUSDT
Extended TAG-USD
Aster TAGUSDT