Funding you earn now, next payment 05:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.006%
Price spread now: Deribit against ApeX Omni−0.191%46s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.191%, 7d avg +0.011%
=Funding pays, the price is against you. Deribit is 0.202% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.191% now, against its 7-day average of +0.011%). If the spread goes back, that is −$20 on $10k: about 2.2 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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 | ApeX Omni TAOUSDT | 314.29 | 0.0100 | pay 0.0013% / 1h | 53m 25s | $46K | $255K | 50x |
| Short | Deribit TAO_USDC-PERPETUAL | 313.69 | 0.0404 | get 0.0050% / 1h | 53m 25s | $21K | $1.7M | 25x |
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $63.84
- Price spread: −0.191% → +0.011%
- −$20.21
- Slippage, 4 orders
- −$29.65
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$3.02
- Costs to cover
- 0.466%
- Break-even
- 7.3 days
Slippage from ApeX Omni: live order book, 63 min ago; Deribit: live order book, 6 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, 63 min ago | 5.36 bp | 12.2 bp −$12 | 123.0 bp −$1,230 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 6 min ago | 5.88 bp | 10.3 bp −$10 | 291.8 bp −$2,918 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0346% | 1h | 313.56 | −0.231% | $5.5M | $20.6M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.02 | −0.086% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.10 | −0.061% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.05 | −0.076% | $43K | $653K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 313.83 | −0.146% | $1K | $807K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.26 | −0.011% | $359K | $412K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.36 | +0.023% | $90.6M | $496.0M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.47 | +0.057% | $67.7M | $149.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | +0.003% | $26.0M | $120.7M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.258% | $167K | $2K | 10x | as long as short |
Kraken Futures PF_TAOUSD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 313.90 | −0.124% | $13.0M | $49.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.37 | +0.025% | $101.0M | $143.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.10 | −0.060% | $17.8M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.97 | −0.102% | $35.1M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.21 | −0.025% | — | $33.0M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.34 | +0.015% | $42K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.64 | −0.208% | $532K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 314.29 | long leg | $46K | $255K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.05 | −0.076% | $78K | $863K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.42 | +0.041% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.56 | −0.232% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.51 | −0.248% | $109K | $535K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.52 | +0.072% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 314.29 | 0.000% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0137% | 4h | 314.00 | −0.092% | $1.2M | $10.4M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0143% / S +0.0124% | 1h | 314.09 | −0.065% | $426K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0144% | 8h | 314.15 | −0.045% | $14K | $1K | 10x | as long as short |
| Hyperliquid TAO | +0.0151% | 1h | 314.40 | +0.035% | $92.2M | $106.6M | 5x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 314.33 | +0.014% | $918K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0197% | 1h | 314.09 | −0.063% | $798K | $2.2M | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 314.17 | −0.038% | $102K | $441K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.51 | +0.070% | $4.6M | $10.8M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0361% | 1h | 313.58 | −0.226% | $311K | $914K | 10x | as long as short |
| Variational Omni TAO | +0.0362% | 4h | 313.70 | −0.188% | $5.6M | $9.9M | — | as long as short |
| 01 Exchange TAOUSD | +0.0376% | 1h | 314.18 | −0.035% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0400% | 1h | 314.37 | +0.025% | $1.5M | $6.4M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0404% | 1h | 313.69 | −0.191% | $21K | $1.7M | 25x | |
| Phoenix TAO | +0.0457% | 1h | 313.90 | −0.124% | $312K | $711K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.24 | −0.017% | $361 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 313.98 | −0.098% | $434K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 314.92 | +0.200% | $1.5M | $6.7M | 50x | as long as short |
| Phemex TAOUSDT | +0.1188% | 4h | 313.73 | −0.178% | $3.2M | $8.1M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.67 | +1.075% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Hyperliquid TAO
Extended TAO-USD
Nado TAO-PERP
Arcus TAO-USD
BloFin TAO-USDT
Backpack TAO_USDC_PERP
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Phemex TAOUSDT
Injective TAO/USDC PERP