Funding you earn now, next payment 01:00 UTC−0.0986%/8h= −107.9% APRnext payment −$1.23 per $10,000 · paid last 24h −0.307%
Price spread now: Bulk against Aevo+0.169%7-day average −0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 3 days (all we have)−0.338%−$34 on $10k
+Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.169%, 7d avg −0.156%
=The price spread pays, funding is against you. Bulk is 0.325% dearer against Aevo than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.156%): +$32 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.338% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.338% in total (about -36.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 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 | Aevo TAO-PERP | 319.53 | 0.0104 | pay 0.0013% / 1h | 39m 42s | $175K | $998 | 3x |
| Short | Bulk TAO-USD | 320.07 | −0.0882 | pay 0.0110% / 1h | 39m 42s | $170K | $44K | 10x |
Aevo TAO-PERP
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Aevo. 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
- −$207
- Price spread: +0.169% → −0.156%
- $32.46
- Slippage, 4 orders
- −$87.19
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$284.74
- Costs to cover
- 1.102%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 34 min ago; Bulk: live order book, 34 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 Aevo live order book, 34 min ago | 34.18 bp | 48.7 bp −$49 | 299.5 bp −$2,995 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 34 min ago | 0.16 bp | 4.6 bp −$5 | 11.3 bp −$113 | 21.0 bp −$2,098 | doesn't fit |
TAO on 43 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDshort | −0.0882% | 1h | 320.07 | +0.169% | $170K | $44K | 10x | |
| Phemex TAOUSDT | −0.0598% | 4h | 318.58 | −0.297% | $3.5M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.75 | +0.069% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.15 | −0.119% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.31 | −0.382% | $41K | $584K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0096% | 1h | 319.53 | −0.001% | $23K | $1.5M | 25x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.67 | +0.044% | $92.5M | $443.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.80 | −0.228% | $26.2M | $107.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.90 | −0.197% | $12.9M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.16 | −0.116% | $106.9M | $133.2M | 300x | as long as short |
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.41 | −0.038% | $18.7M | $28.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.85 | −0.526% | $35.5M | $49.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 322.03 | +0.783% | $37K | $287K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.32 | +0.247% | $49K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.51 | −0.006% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.36 | −0.053% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.27 | −0.081% | $127K | $422K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0101% | 8h | 318.35 | −0.369% | $1K | $608K | 5x | as long as short |
| Aevo TAO-PERPlong | +0.0104% | 1h | 319.53 | long leg | $175K | $998 | 3x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0089% | 1h | 319.15 | −0.119% | $463K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0178% | 1h | 319.17 | −0.113% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 319.74 | +0.066% | $379K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 318.70 | −0.260% | $84K | $545K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0210% | 4h | 321.55 | +0.634% | $533K | $958K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 318.99 | −0.170% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0237% | 4h | 319.97 | +0.138% | $1.1M | $8.2M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 320.32 | +0.247% | $4.5M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0347% | 1h | 319.46 | −0.022% | $94K | $637K | 5x | as long as short |
| Variational Omni TAO | +0.0378% | 4h | 321.33 | +0.562% | $5.6M | $8.6M | — | as long as short |
| Bybit TAOUSDT | +0.0451% | 4h | 319.21 | −0.100% | $65.7M | $131.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0480% | 1h | 319.08 | −0.141% | $5.7M | $20.2M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 322.20 | +0.836% | $337K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 321.10 | +0.491% | $23K | $652 | 12x | as long as short |
| BingX TAO-USDT | +0.0680% | 4h | 318.32 | −0.379% | — | $30.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.08 | −0.140% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0696% | 1h | 318.44 | −0.341% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0774% | 1h | 319.20 | −0.103% | $888K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0902% | 1h | 318.63 | −0.282% | $321K | $820K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.59 | +0.332% | $1.5M | $6.1M | 50x | as long as short |
| Extended TAO-USD | +0.1104% | 1h | 318.13 | −0.438% | $933K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 318.16 | −0.430% | $421K | $595K | 5x | as long as short |
| Lighter TAO | +0.1520% | 1h | 320.34 | +0.253% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2609% | 1h | 320.71 | +0.369% | $104.1M | $90.2M | 5x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Pacifica TAO
Arcus TAO-USD
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Polymarket Perps TAO-USD
Variational Omni TAO
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO