Funding you earn now, next payment 06:00 UTC−0.0383%/8h= −42.0% APRpaid last 24h −0.015%
Price spread now: Binance against Arcus+0.166%7-day average −0.077% · 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−$14as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 4 days (all we have)−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.166%, 7d avg −0.077%
=The price spread pays, funding is against you. Binance is 0.243% dearer against Arcus than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of −0.077%): +$24 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 4 days (−0.023% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.023% in total (about -2.3% 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 | Arcus TAO-USD | 319.10 | 0.0483 | pay 0.0060% / 1h | 20m 53s | $103K | $345K | 5x |
| Short | Binance TAOUSDT | 319.63 | 0.0100 | get 0.0050% / 4h | 2h 20m | $91.8M | $510.8M | 75x |
Arcus TAO-USD
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- −$80.49
- Price spread: +0.166% → −0.077%
- $24.27
- Slippage, 4 orders
- −$23.78
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.5
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 28 min ago; Binance: live order book, 8 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 Arcus live order book, 28 min ago | 6.85 bp | 13.3 bp −$13 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.16 bp | 6.3 bp −$6 | 14.8 bp −$148 | 35.9 bp −$3,593 | 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 | −0.0038% | 1h | 313.74 | −1.680% | $167K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.20 | −0.281% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0040% | 1h | 318.63 | −0.146% | $127K | $85K | 5x | as long as short |
| Binance TAOUSDTshort | +0.0100% | 4h | 319.63 | +0.166% | $91.8M | $510.8M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | +0.219% | $26.7M | $125.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.70 | −0.125% | $14.1M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.62 | +0.163% | $100.7M | $147.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.60 | +0.157% | $17.6M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.25 | +0.047% | $36.0M | $57.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.37 | −1.168% | $42K | $315K | 10x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.58 | −0.163% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.05 | −0.329% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.69 | −0.442% | $115K | $562K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.16 | −0.295% | $3.2M | $8.0M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 319.02 | −0.025% | $2K | $936K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.12 | −0.306% | $175K | $998 | 3x | as long as short |
| Popdex TAOUSDT | +0.0112% | 1h | 318.93 | −0.053% | $53K | $669K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 318.27 | −0.260% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0128% / S +0.0141% | 1h | 318.11 | −0.312% | $426K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 319.23 | +0.039% | $363K | $419K | 10x | as long as short |
| Aster TAOUSDT | +0.0237% | 4h | 319.14 | +0.012% | $1.3M | $10.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0244% | 1h | 318.83 | −0.084% | $803K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0273% | 8h | 319.36 | +0.081% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0299% | 1h | 318.51 | −0.185% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0330% | 1h | 318.68 | −0.132% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.38 | −0.226% | $4.6M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0374% | 4h | 315.91 | −0.998% | $537K | $923K | 10x | as long as short |
| BingX TAO-USDT | +0.0402% | 4h | 319.12 | +0.006% | — | $33.7M | — | as long as short |
| Bybit TAOUSDT | +0.0409% | 4h | 319.91 | +0.254% | $69.7M | $152.9M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0452% | 1h | 318.15 | −0.298% | $15K | $1.8M | 25x | as long as short |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | −0.182% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USDlong | +0.0483% | 1h | 319.10 | long leg | $103K | $345K | 5x | |
| Extended TAO-USD | +0.0496% | 1h | 319.79 | +0.217% | $907K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 316.70 | −0.752% | $315K | $713K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0574% | 1h | 315.18 | −1.228% | $45K | $256K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 318.68 | −0.130% | $366 | — | 20x | as long as short |
| Lighter TAO | +0.0752% | 1h | 318.55 | −0.173% | $1.5M | $6.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 319.61 | +0.160% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0820% | 1h | 319.56 | +0.144% | $93.7M | $109.0M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0843% | 1h | 318.60 | −0.157% | $316K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 319.47 | +0.116% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 318.93 | −0.052% | $461K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +0.119% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Popdex TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
BingX TAO-USDT
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Extended TAO-USD
Phoenix TAO
ApeX Omni TAOUSDT
Reya TAORUSDPERP
Lighter TAO
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP