Funding you earn now, next payment 04:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.058%
Price spread now: Phoenix against Aster+0.054%55s7-day average +0.099% · 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—prices read too far apart to compare
costs, in and out, $10k−$440.441% of the position
Funding, last 6 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.334%+$33 · spread now +0.054%, 7d avg +0.099%
=Together, before fees+0.380%+ Points / potential airdropAster: Stage 5 · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.099%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 6 days (+0.046% in total) that is about 5.5 days. The two prices were read 55 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 6 days it paid 0.046% in total (about 3.0% 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 | Aster TAOUSDT | 312.53 | 0.0112 | pay 0.0056% / 4h | 3h 12m | $1.3M | $10.5M | 50x |
| Short | Phoenix TAO | 312.70 | 0.0457 | get 0.0057% / 1h | 12m 38s | $311K | $711K | 5x |
Aster TAOUSDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $72.34
- Price spread: +0.054% → +0.099%
- −$4.53
- Slippage, 4 orders
- −$29.1
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $23.7
- Costs to cover
- 0.441%
- Break-even
- 4.7 days
Slippage from Aster: live order book, 1 min ago; Phoenix: live order book, 40 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 Aster live order book, 1 min ago | 0.48 bp | 7.6 bp −$8 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 3.18 bp | 19.2 bp −$19 | 28.6 bp −$286 | 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 | −0.0347% | 1h | 312.76 | +0.073% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.31 | −0.069% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0010% | 1h | 312.57 | +0.012% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.35 | −0.058% | $46K | $658K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 312.28 | −0.080% | $639 | $851K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.76 | +0.073% | $356K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.44 | −0.029% | $89.4M | $501.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.60 | +0.022% | $26.1M | $121.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | −0.042% | $13.3M | $50.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.73 | +0.064% | $103.2M | $145.6M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
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 | 312.64 | +0.035% | $17.8M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.29 | −0.077% | $35.1M | $56.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.81 | +0.088% | $42K | $315K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.61 | +0.345% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.41 | −0.039% | $82K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.61 | +0.025% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.28 | −0.080% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.77 | −0.244% | $110K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.57 | +0.012% | $3.1M | $8.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0104% | 4h | 312.56 | +0.009% | — | $33.7M | — | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.71 | +0.058% | $172K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 312.64 | +0.036% | $531K | $956K | 10x | as long as short |
| Aster TAOUSDTlong | +0.0112% | 4h | 312.53 | long leg | $1.3M | $10.5M | 50x | |
| Orderly PERP_TAO_USDC | +0.0113% | 4h | 312.49 | −0.013% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0132% | 1h | 312.25 | −0.090% | $421K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0164% | 8h | 312.52 | −0.004% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0215% | 4h | 312.40 | −0.042% | $67.3M | $150.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.67 | +0.044% | $101K | $394K | 5x | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 312.39 | −0.044% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0323% | 4h | 312.65 | +0.038% | $5.5M | $10.1M | — | as long as short |
| Nado TAO-PERP | +0.0330% | 1h | 312.49 | −0.012% | $789K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.64 | +0.035% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAOshort | +0.0457% | 1h | 312.70 | +0.054% | $311K | $711K | 5x | |
| Bulk TAO-USD | +0.0468% | 1h | 310.75 | −0.570% | $165K | $333 | 10x | as long as short |
| Hyperliquid TAO | +0.0482% | 1h | 312.97 | +0.140% | $91.9M | $107.9M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 312.53 | 0.000% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0498% | 1h | 312.97 | +0.140% | $311K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0546% | 1h | 312.60 | +0.021% | $13K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0648% | 1h | 312.86 | +0.106% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.58 | +0.014% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.34 | −0.061% | $443K | $647K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.90 | +0.118% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.324% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
BingX TAO-USDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Extended TAO-USD
Variational Omni TAO
Nado TAO-PERP
BloFin TAO-USDT
Bulk TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP