Funding you earn now, next payment 04:00 UTC+0.1159%/8h= +126.9% APRnext payment +$5.79 per $10,000 · paid last 24h +0.044%
Price spread now: MEXC against Bybit−0.047%7-day average +0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$721as in the Funding arb table
Net, price: spread back to 7d avg − costs−$717as in the Price arb table
costs, in and out, $10k−$7007.004% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.047%, 7d avg +0.122%
=Funding pays, the price is against you. MEXC is 0.170% cheaper against Bybit than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.122%). If the spread goes back, that is −$17 on $10k: about 12 hours of funding at the current rate (+$35 a day). Mind the row above: over the last 7 days funding on this pair cost −0.209%, 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 -0.209% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.79 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 | 0.0008450 | 0.0133 | pay 0.0067% / 4h | 3h 03m | $582K | $624K | 5x |
| Short | MEXC TAG_USDT | 0.0008446 | 0.1292 | get 0.0646% / 4h | 3h 03m | $5.8M | $142K | 100x |
Bybit 1000TAGUSDT
MEXC TAG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $243.36
- Price spread: −0.047% → +0.122%
- −$16.98
- Slippage, 4 orders
- −$685.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$474.02
- Costs to cover
- 7.004%
- Break-even
- 20.6 days
Slippage from Bybit: live order book, 62 min ago; MEXC: live order book, 4 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, 62 min ago | 3.66 bp | 476.5 bp −$477 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 3.53 bp | 30.2 bp −$30 | 74.5 bp −$745 | 225.4 bp −$22.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008442 | −0.095% | $137K | $34K | 25x | as long as short |
| Bitget TAGUSDT | +0.0100% | 4h | 0.0008467 | +0.201% | $3.9M | $370K | 20x | as long as short |
| Variational Omni TAG | +0.0100% | 4h | 0.0008486 | +0.431% | $380 | $471 | — | as long as short |
| Bybit 1000TAGUSDTlong | +0.0133% | 4h | 0.0008450 | long leg | $582K | $624K | 5x | |
| Gate TAG_USDT | +0.0256% | 4h | 0.0008438 | −0.142% | $1.5M | $162K | 20x | as long as short |
| BingX TAG-USDT | +0.1196% | 4h | 0.0008440 | −0.118% | — | $1.3M | — | as long as short |
| MEXC TAG_USDTshort | +0.1292% | 4h | 0.0008446 | −0.047% | $5.8M | $142K | 100x | |
| Extended TAG-USD | +0.1296% | 1h | 0.0008443 | −0.083% | $3K | $187K | 5x | as long as short |
| Binance TAGUSDT | +0.1297% | 4h | 0.0008446 | −0.045% | $6.7M | $2.1M | 25x | as long as short |
| Aster TAGUSDT | +0.1460% | 4h | 0.0008413 | −0.437% | $72K | $6K | 5x | as long as short |
KuCoin TAGUSDTM
Bitget TAGUSDT
Variational Omni TAG
Gate TAG_USDT
BingX TAG-USDT
Extended TAG-USD
Binance TAGUSDT
Aster TAGUSDT