Funding you earn now, next payment 03:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.002%
Price spread now: Bybit against ApeX Omni+0.157%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.994%−$99 · spread now +0.157%, 7d avg −0.005%
=The price spread pays, funding is against you. Bybit is 0.162% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.005%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.017% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment. 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 | ApeX Omni TAOUSDT | 318.78 | 0.0883 | pay 0.0110% / 1h | 39m 08s | $47K | $253K | 50x |
| Short | Bybit TAOUSDT | 319.28 | 0.0640 | get 0.0320% / 4h | 1h 39m | $68.0M | $140.3M | 50x |
ApeX Omni TAOUSDT
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. 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
- −$51.09
- Price spread: +0.157% → −0.005%
- $16.22
- Slippage, 4 orders
- −$27.59
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.46
- Costs to cover
- 0.486%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 23 min ago; Bybit: 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 ApeX Omni live order book, 23 min ago | 5.52 bp | 12.5 bp −$13 | 117.8 bp −$1,178 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.16 bp | 10.1 bp −$10 | 17.5 bp −$175 | 36.4 bp −$3,643 | 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-USD | −0.3652% | 1h | 316.49 | −0.718% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.31 | +0.166% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.31 | −0.147% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.20 | +0.132% | $44K | $655K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.32 | +0.169% | $92.5M | $473.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.50 | +0.226% | $26.3M | $116.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.60 | +0.257% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.48 | +0.220% | $107.0M | $139.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.50 | +0.226% | $18.0M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.55 | +0.242% | $35.7M | $54.0M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 319.73 | +0.298% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.01 | +0.072% | $72K | $771K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.25 | +0.147% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.81 | +0.009% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.34 | +0.176% | $3.4M | $7.8M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0103% | 4h | 318.64 | −0.044% | $58K | $282K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.93 | +0.046% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 319.23 | +0.141% | $2K | $754K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 318.26 | −0.162% | $433K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.95 | +0.054% | $526K | $955K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0246% | 1h | 319.41 | +0.198% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0303% | 1h | 318.38 | −0.127% | $12K | $18K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0307% | 1h | 319.33 | +0.172% | $17K | $1.6M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0328% | 8h | 319.24 | +0.144% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0330% | 4h | 319.12 | +0.108% | $1.2M | $9.3M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.17 | +0.122% | $4.5M | $10.7M | 100x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 319.48 | +0.219% | $377K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 318.90 | +0.038% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 319.67 | +0.279% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0558% | 1h | 319.25 | +0.147% | $771K | $2.1M | 10x | as long as short |
| Bybit TAOUSDTshort | +0.0640% | 4h | 319.28 | +0.157% | $68.0M | $140.3M | 50x | |
| BingX TAO-USDT | +0.0642% | 4h | 319.72 | +0.295% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 319.11 | +0.102% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0792% | 1h | 319.48 | +0.220% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.451% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDTlong | +0.0883% | 1h | 318.78 | long leg | $47K | $253K | 50x | |
| Lighter TAO | +0.0912% | 1h | 319.69 | +0.285% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 319.29 | +0.159% | $932K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.1002% | 1h | 319.88 | +0.345% | $440K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.48 | +0.220% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 319.31 | +0.166% | $454K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1397% | 1h | 319.95 | +0.367% | $100.4M | $98.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | +0.285% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP