Funding you earn now, next payment 12:00 UTC−0.0470%/8h= −51.5% APRnext payment −$2.35 per $10,000 · paid last 24h −0.100%
Price spread now: Bitget against MEXC+0.254%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1351.351% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days−0.308%−$31 · spread now +0.254%, 7d avg −0.004%
=The price spread pays, funding is against you. Bitget is 0.258% dearer against MEXC than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of −0.004%): +$26 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.133% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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 | MEXC TAG_USDT | 0.0008273 | 0.0570 | pay 0.0285% / 4h | 2h 59m | $5.6M | $253K | 100x |
| Short | Bitget TAGUSDT | 0.0008294 | 0.0100 | get 0.0050% / 4h | 2h 59m | $3.9M | $341K | 20x |
MEXC TAG_USDT
Bitget TAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- −$98.7
- Price spread: +0.254% → −0.004%
- $25.75
- Slippage, 4 orders
- −$119.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$208.1
- Costs to cover
- 1.351%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago | 1.81 bp | 31.9 bp −$32 | 74.9 bp −$749 | 169.4 bp −$16.9K | 602.3 bp −$301.1K |
| Sell Bitget live order book, 4 min ago | 7.84 bp | 50.4 bp −$50 | 406.4 bp −$4,064 | 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 1000TAGUSDT | +0.0100% | 4h | 0.0008249 | −0.290% | $526K | $594K | 5x | as long as short |
| Gate TAG_USDT | +0.0100% | 4h | 0.0008254 | −0.230% | $1.5M | $137K | 20x | as long as short |
| KuCoin TAGUSDTM | +0.0100% | 4h | 0.0008254 | −0.230% | $134K | $34K | 25x | as long as short |
| Bitget TAGUSDTshort | +0.0100% | 4h | 0.0008294 | +0.254% | $3.9M | $341K | 20x | |
| Variational Omni TAG | +0.0100% | 4h | 0.0008273 | +0.006% | $291 | $1K | — | as long as short |
| BingX TAG-USDT | +0.0554% | 4h | 0.0008261 | −0.145% | — | $1.3M | — | as long as short |
| Extended TAG-USD | +0.0568% | 1h | 0.0008270 | −0.039% | $4K | $204K | 5x | as long as short |
| MEXC TAG_USDTlong | +0.0570% | 4h | 0.0008273 | long leg | $5.6M | $253K | 100x | |
| Binance TAGUSDT | +0.0572% | 4h | 0.0008274 | +0.007% | $6.5M | $2.0M | 25x | as long as short |
| Aster TAGUSDT | +0.0634% | 4h | 0.0008273 | +0.004% | $71K | $6K | 5x | as long as short |
Bybit 1000TAGUSDT
Gate TAG_USDT
KuCoin TAGUSDTM
Variational Omni TAG
BingX TAG-USDT
Extended TAG-USD
Binance TAGUSDT
Aster TAGUSDT