Funding you earn now, next payment 23:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.028%
Price spread now: edgeX against Backpack+0.292%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$510.505% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)+0.145%+$15 · spread now +0.292%, 7d avg −0.024%
=Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.316% dearer against Backpack than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of −0.024%): +$32 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.075% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% 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 | Backpack TAO_USDC_PERP | 306.16 | 0.0397 | pay 0.0050% / 1h | 52m 42s | $378K | $756K | 10x |
| Short | edgeX TAOUSDC | 307.06 | 0.0100 | get 0.0050% / 4h | 1h 52m | $40K | $277K | 10x |
Backpack TAO_USDC_PERP
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. 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
- −$62.28
- Price spread: +0.292% → −0.024%
- $31.64
- Slippage, 4 orders
- −$31.52
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$81.16
- Costs to cover
- 0.505%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 31 min ago; edgeX: live order book, 30 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 Backpack live order book, 31 min ago | 0.16 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 30 min ago | 6.50 bp | 11.0 bp −$11 | 24.4 bp −$244 | 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 | −0.0306% | 1h | 307.82 | +0.542% | $202K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 306.83 | +0.220% | $126K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 306.04 | −0.040% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.52 | +0.118% | $42K | $532K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.97 | +0.266% | $86.3M | $408.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.07 | +0.297% | $59.7M | $120.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.90 | +0.242% | $24.7M | $95.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.93 | +0.252% | $137K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.20 | +0.013% | $12.2M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.44 | +0.091% | $120.7M | $123.4M | 300x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 306.15 | −0.003% | $18.8M | $26.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.74 | +0.189% | $34.4M | $45.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.57 | +0.134% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.27 | +0.689% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDCshort | +0.0100% | 4h | 307.06 | +0.292% | $40K | $277K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.54 | +0.125% | $545K | $937K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 306.96 | +0.261% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.57 | +0.134% | $78K | $613K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.18 | +0.005% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.43 | +0.088% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.96 | −0.065% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.07 | −0.029% | $120K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.38 | +0.072% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.53 | +0.121% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 306.58 | +0.137% | $628 | $481K | 5x | as long as short |
| Aster TAOUSDT | +0.0137% | 4h | 306.48 | +0.106% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0159% | 8h | 306.82 | +0.217% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 307.05 | +0.292% | $363K | $369K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.00 | −0.052% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0304% | 1h | 306.57 | +0.134% | $19K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.16 | 0.000% | $4.3M | $9.4M | 100x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0397% | 1h | 306.16 | long leg | $378K | $756K | 10x | |
| 01 Exchange TAOUSD | +0.0488% | 1h | 306.79 | +0.206% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 307.40 | +0.405% | $326K | $491K | 5x | as long as short |
| Nado TAO-PERP | +0.0544% | 1h | 306.25 | +0.030% | $844K | $1.9M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.10 | −0.020% | $352 | — | 20x | as long as short |
| Lighter TAO | +0.0720% | 1h | 307.37 | +0.395% | $1.7M | $4.9M | 5x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 306.41 | +0.083% | $894K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 306.64 | +0.157% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1031% | 1h | 306.32 | +0.052% | $6.1M | $19.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.86 | +0.229% | $413K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.839% | $22K | $264 | 12x | as long as short |
| Hyperliquid TAO | +0.1666% | 1h | 307.25 | +0.356% | $95.5M | $77.9M | 5x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
01 Exchange TAOUSD
Phoenix TAO
Nado TAO-PERP
Reya TAORUSDPERP
Lighter TAO
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP
Hyperliquid TAO