Funding you earn now, next payment 00:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.084%
Price spread now: Phoenix against ApeX Omni+0.146%116s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$600.600% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.146%, 7d avg +0.104%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.041% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.104%. The two prices were read 116 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 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | 316.14 | 0.0185 | pay 0.0023% / 1h | 9m 35s | $48K | $267K | 50x |
| Short | Phoenix TAO | 316.60 | 0.0525 | get 0.0066% / 1h | 9m 35s | $331K | $624K | 5x |
ApeX Omni TAOUSDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $71.51
- Price spread: +0.146% → +0.104%
- $4.12
- Slippage, 4 orders
- −$43.03
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $15.6
- Costs to cover
- 0.600%
- Break-even
- 5.5 days
Slippage from ApeX Omni: live order book, 62 min ago; Phoenix: live order book, 63 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, 62 min ago | 6.24 bp | 14.0 bp −$14 | 113.5 bp −$1,135 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 3.19 bp | 16.7 bp −$17 | 23.0 bp −$230 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1821% | 1h | 318.67 | +0.800% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.65 | −0.155% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.20 | +0.019% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.37 | +0.073% | $42K | $598K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.29 | +0.047% | $90.7M | $450.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.30 | +0.051% | $25.7M | $108.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.90 | −0.076% | $12.8M | $51.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.01 | −0.041% | $98.9M | $136.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.89 | −0.079% | $17.9M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.01 | −0.041% | $35.2M | $51.4M | 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 | 316.43 | +0.090% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.09 | −0.015% | $524K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.39 | +0.079% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.22 | +0.025% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.77 | +0.199% | $127K | $422K | 20x | as long as short |
| Bullet TAO-USD | +0.0103% | 1h | 316.51 | +0.117% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.68 | +0.169% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 316.36 | +0.070% | $1K | $643K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 316.17 | +0.008% | $449K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 315.97 | −0.055% | $374K | $376K | 10x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0185% | 1h | 316.14 | long leg | $48K | $267K | 50x | |
| Arcus TAO-USD | +0.0201% | 1h | 316.52 | +0.120% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0204% | 4h | 316.01 | −0.041% | $1.2M | $8.8M | 50x | as long as short |
| Phemex TAOUSDT | +0.0224% | 4h | 316.39 | +0.079% | $3.4M | $7.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 315.99 | −0.048% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0276% | 1h | 316.82 | +0.215% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0285% | 1h | 316.30 | +0.052% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.66 | +0.164% | $4.5M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0485% | 1h | 316.31 | +0.053% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAOshort | +0.0525% | 1h | 316.60 | +0.146% | $331K | $624K | 5x | |
| Variational Omni TAO | +0.0546% | 4h | 316.94 | +0.254% | $5.5M | $8.7M | — | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.46 | +0.101% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.516% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0628% | 4h | 316.18 | +0.013% | — | $30.5M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.44 | +0.096% | $364 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0738% | 4h | 316.56 | +0.133% | $65.2M | $133.4M | 50x | as long as short |
| Nado TAO-PERP | +0.0754% | 1h | 316.48 | +0.107% | $876K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0806% | 1h | 316.27 | +0.041% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.71 | +0.497% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1120% | 1h | 316.26 | +0.038% | $886K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.40 | +0.084% | $420K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 316.58 | +0.140% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1823% | 1h | 316.23 | +0.028% | $101.2M | $91.5M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Phemex TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Variational Omni TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Reya TAORUSDPERP
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO