Funding you earn now, next payment 04:00 UTC+0.0609%/8h= +66.7% APRnext payment +$3.05 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against Bybit+0.248%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$453as in the Price arb table
costs, in and out, $10k−$4674.669% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.248%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Binance is 0.136% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.208%, 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 -0.208% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.05 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 | 0.0008234 | 0.0100 | pay 0.0050% / 4h | 23m 28s | $533K | $633K | 5x |
| Short | Binance TAGUSDT | 0.0008254 | 0.0709 | get 0.0355% / 4h | 23m 28s | $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
- $127.91
- Price spread: +0.248% → +0.112%
- $13.58
- Slippage, 4 orders
- −$445.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$325.36
- Costs to cover
- 4.669%
- Break-even
- 24.8 days
Slippage from Bybit: live order book, 27 min ago; Binance: live order book, 15 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, 27 min ago | 3.65 bp | 210.0 bp −$210 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.62 bp | 48.3 bp −$48 | 297.1 bp −$2,971 | 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 | 0.0008234 | long leg | $533K | $633K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008244 | +0.121% | $1.5M | $159K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008246 | +0.146% | $133K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008270 | +0.437% | $3.8M | $364K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008311 | +0.935% | $292 | $841 | — | as long as short |
| BingX TAG-USDT | +0.0688% | 4h | 0.0008247 | +0.158% | — | $1.3M | — | as long as short |
| MEXC TAG_USDT | +0.0708% | 4h | 0.0008248 | +0.170% | $5.6M | $138K | 100x | as long as short |
| Binance TAGUSDTshort | +0.0709% | 4h | 0.0008254 | +0.248% | $6.5M | $2.1M | 25x | |
| Extended TAG-USD | +0.0712% | 1h | 0.0008252 | +0.223% | $4K | $187K | 5x | as long as short |
| Aster TAGUSDT | +0.0922% | 4h | 0.0008274 | +0.480% | $71K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
BingX TAG-USDT
MEXC TAG_USDT
Extended TAG-USD
Aster TAGUSDT