TAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.226%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3113.113% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.226%, 7d avg −0.126%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.100% cheaper against Bitget than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of −0.126%). If the spread goes back, that is −$10 on $10k: about 7.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.286% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAGUSDT	0.0008405	0.0100	pay 0.0050% / 4h	2h 24m	$3.9M	$376K	20x
Short	Bybit 1000TAGUSDT	0.0008386	0.0142	get 0.0071% / 4h	2h 24m	$577K	$635K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.226%Rate

Funding earned: $8.89
Price spread: −0.226% → −0.126%: −$10.04
Slippage, 4 orders: −$288.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$312.46
Costs to cover: 3.113%
Break-even: 253.1 days

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 36 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 Bitget live order book, 3 min ago	10.09 bp	47.5 bp −$48	601.8 bp −$6,018	doesn't fit	doesn't fit
Sell Bybit live order book, 36 min ago	5.95 bp	104.0 bp −$104	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
Gate TAG_USDT	+0.0100%	4h	0.0008373	−0.381%	$1.5M	$165K	20x	as long as short
KuCoin TAGUSDTM	+0.0100%	4h	0.0008381	−0.286%	$136K	$34K	25x	as long as short
Bitget TAGUSDTlong	+0.0100%	4h	0.0008405	long leg	$3.9M	$376K	20x
Variational Omni TAG	+0.0100%	4h	0.0008393	−0.141%	$295	$552	—	as long as short
Bybit 1000TAGUSDTshort	+0.0142%	4h	0.0008386	−0.226%	$577K	$635K	5x
BingX TAG-USDT	+0.1172%	4h	0.0008387	−0.214%	—	$1.3M	—	as long as short
Binance TAGUSDT	+0.1181%	4h	0.0008397	−0.099%	$6.6M	$2.2M	25x	as long as short
MEXC TAG_USDT	+0.1198%	4h	0.0008394	−0.131%	$5.7M	$137K	100x	as long as short
Extended TAG-USD	+0.1200%	1h	0.0008392	−0.157%	$959	$185K	5x	as long as short
Aster TAGUSDT	+0.1322%	4h	0.0008370	−0.415%	$71K	$6K	5x	as long as short