Funding you earn now, next payment 08:00 UTC+0.0502%/8h= +55.0% APRnext payment +$2.51 per $10,000 · paid last 24h +0.073%
Price spread now: Binance against Bybit+0.402%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$414as in the Funding arb table
Net, price: spread back to 7d avg − costs−$368as in the Price arb table
costs, in and out, $10k−$3963.963% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.402%, 7d avg +0.114%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.288% dearer against Bybit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.114%. Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.51 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 | 0.0008184 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $529K | $615K | 5x |
| Short | Binance TAGUSDT | 0.0008217 | 0.0602 | get 0.0301% / 4h | 3h 24m | $6.5M | $2.1M | 25x |
Bybit 1000TAGUSDT
Binance TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $105.44
- Price spread: +0.402% → +0.114%
- $28.81
- Slippage, 4 orders
- −$375.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$262.08
- Costs to cover
- 3.963%
- Break-even
- 24.4 days
Slippage from Bybit: live order book, 20 min ago; Binance: live order book, 14 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, 20 min ago | 4.26 bp | 197.3 bp −$197 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.03 bp | 42.0 bp −$42 | 300.1 bp −$3,001 | 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 | 0.0008184 | long leg | $529K | $615K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008196 | +0.147% | $1.4M | $153K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008209 | +0.305% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008239 | +0.672% | $3.8M | $357K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008209 | +0.311% | $289 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0558% | 4h | 0.0008209 | +0.305% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0592% | 1h | 0.0008215 | +0.373% | $1K | $200K | 5x | as long as short |
| MEXC TAG_USDT | +0.0592% | 4h | 0.0008215 | +0.379% | $5.6M | $141K | 100x | as long as short |
| Binance TAGUSDTshort | +0.0602% | 4h | 0.0008217 | +0.402% | $6.5M | $2.1M | 25x | |
| Aster TAGUSDT | +0.0737% | 4h | 0.0008220 | +0.439% | $70K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
Extended TAG-USD
MEXC TAG_USDT
Aster TAGUSDT