Funding you earn now, next payment 08:00 UTC−0.0522%/8h= −57.2% APRnext payment −$2.61 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against MEXC−0.193%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3643.640% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.193%, 7d avg −0.133%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.060% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.133%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.61 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 | MEXC TAG_USDT | 0.0008277 | 0.0622 | pay 0.0311% / 4h | 16m 57s | $5.7M | $220K | 100x |
| Short | Bybit 1000TAGUSDT | 0.0008261 | 0.0100 | get 0.0050% / 4h | 16m 57s | $526K | $623K | 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
- −$109.62
- Price spread: −0.193% → −0.133%
- −$5.99
- Slippage, 4 orders
- −$348.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$479.6
- Costs to cover
- 3.640%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago | 2.41 bp | 11.9 bp −$12 | 63.9 bp −$639 | 172.8 bp −$17.3K | doesn't fit |
| Sell Bybit live order book, 13 min ago | 4.24 bp | 109.0 bp −$109 | 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 | 0.0008261 | −0.193% | $526K | $623K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008253 | −0.290% | $1.5M | $146K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008239 | −0.459% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008290 | +0.157% | $3.9M | $351K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008262 | −0.187% | $291 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0598% | 4h | 0.0008267 | −0.121% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0616% | 1h | 0.0008277 | −0.004% | $1K | $203K | 5x | as long as short |
| Binance TAGUSDT | +0.0620% | 4h | 0.0008279 | +0.024% | $6.6M | $2.1M | 25x | as long as short |
| MEXC TAG_USDTlong | +0.0622% | 4h | 0.0008277 | long leg | $5.7M | $220K | 100x | |
| Aster TAGUSDT | +0.0756% | 4h | 0.0008280 | +0.036% | $71K | $6K | 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