Funding you earn now, next payment 04:00 UTC+0.0912%/8h= +99.9% APRnext payment +$4.56 per $10,000 · paid last 24h +0.043%
Price spread now: BingX against Bybit+0.459%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$692as in the Funding arb table
Net, price: spread back to 7d avg − costs−$656as in the Price arb table
costs, in and out, $10k−$6976.966% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.459%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and BingX is 0.404% dearer against Bybit than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.055%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.56 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 | 0.0008280 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $548K | $584K | 5x |
| Short | BingX TAG-USDT | 0.0008318 | 0.1012 | get 0.0506% / 4h | 3h 36m | — | $1.3M | — |
Bybit 1000TAGUSDT
BingX TAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $191.52
- Price spread: +0.459% → +0.055%
- $40.39
- Slippage, 4 orders
- −$675.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$464.69
- Costs to cover
- 6.966%
- Break-even
- 24.0 days
Slippage from Bybit: live order book, 29 min ago; BingX: live order book, 5 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, 29 min ago | 3.66 bp | 476.5 bp −$477 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.82 bp | 22.5 bp −$22 | 209.7 bp −$2,097 | 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 | 0.0008280 | long leg | $548K | $584K | 5x | |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008299 | +0.229% | $1.5M | $156K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008282 | +0.024% | $134K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008335 | +0.664% | $3.9M | $361K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008323 | +0.522% | $373 | $471 | — | as long as short |
| BingX TAG-USDTshort | +0.1012% | 4h | 0.0008318 | +0.459% | — | $1.3M | — | |
| Extended TAG-USD | +0.1096% | 1h | 0.0008321 | +0.493% | $1K | $187K | 5x | as long as short |
| MEXC TAG_USDT | +0.1098% | 4h | 0.0008325 | +0.543% | $5.7M | $139K | 100x | as long as short |
| Binance TAGUSDT | +0.1100% | 4h | 0.0008299 | +0.229% | $6.6M | $2.1M | 25x | as long as short |
| Aster TAGUSDT | +0.1296% | 4h | 0.0008296 | +0.193% | $71K | $6K | 5x | as long as short |
Gate TAG_USDT
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
Extended TAG-USD
MEXC TAG_USDT
Binance TAGUSDT
Aster TAGUSDT