Funding you earn now, next payment 08:00 UTC−0.0565%/8h= −61.9% APRnext payment −$2.83 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against Binance−0.257%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$424as in the Funding arb table
Net, price: spread back to 7d avg − costs−$456as in the Price arb table
costs, in and out, $10k−$4424.420% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.257%, 7d avg −0.121%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.136% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.121%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.179%, 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 0.179% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.83 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 | 0.0008281 | 0.0665 | pay 0.0333% / 4h | 39m 49s | $6.6M | $2.1M | 25x |
| Short | Bybit 1000TAGUSDT | 0.0008260 | 0.0100 | get 0.0050% / 4h | 39m 49s | $525K | $635K | 5x |
Binance TAGUSDT
Bybit 1000TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$118.73
- Price spread: −0.257% → −0.121%
- −$13.6
- Slippage, 4 orders
- −$420.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$574.28
- Costs to cover
- 4.420%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 55 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, 14 min ago | 2.41 bp | 43.6 bp −$44 | 473.7 bp −$4,737 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 55 min ago | 7.11 bp | 94.8 bp −$95 | 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 | 0.0008260 | −0.257% | $525K | $635K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008260 | −0.257% | $1.5M | $144K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008278 | −0.040% | $134K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008297 | +0.190% | $3.8M | $344K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008297 | +0.188% | $292 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0647% | 4h | 0.0008269 | −0.149% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0664% | 1h | 0.0008282 | +0.013% | $3K | $181K | 5x | as long as short |
| Binance TAGUSDTlong | +0.0665% | 4h | 0.0008281 | long leg | $6.6M | $2.1M | 25x | |
| MEXC TAG_USDT | +0.0666% | 4h | 0.0008282 | +0.008% | $5.7M | $214K | 100x | as long as short |
| Aster TAGUSDT | +0.0772% | 4h | 0.0008287 | +0.075% | $71K | $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