Funding you earn now, next payment 22:00 UTC−0.0671%/8h= −73.4% APRpaid last 24h −0.039%
Price spread now: GRVT against Backpack−0.296%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)+0.999%+$100 · spread now −0.296%, 7d avg −0.032%
=Together, before fees+0.967%+ Points / potential airdropGRVT: Active · farm board+$97 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GRVT is 0.264% cheaper against Backpack than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% 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 | 304.21 | 0.0771 | pay 0.0096% / 1h | 53m 12s | $465K | $689K | 10x |
| Short | GRVT TAO_USDT_Perp | 303.31 | 0.0100 | get 0.0050% / 4h | 2h 53m | $531K | $965K | 10x |
Backpack TAO_USDC_PERP
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$140.82
- Price spread: −0.296% → −0.032%
- −$26.36
- Slippage, 4 orders
- −$34.43
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$220.6
- Costs to cover
- 0.534%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 35 min ago; GRVT: live order book, 34 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, 35 min ago | 0.64 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 34 min ago | 2.08 bp | 11.9 bp −$12 | 23.5 bp −$235 | 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 | −0.7481% | 1h | 306.26 | +0.674% | $201K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.09 | −0.368% | $127K | $89K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 303.48 | −0.242% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.49 | −0.237% | $38K | $519K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.51 | −0.230% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 303.27 | −0.309% | $354K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.63 | −0.191% | $84.8M | $399.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.74 | −0.154% | $57.9M | $117.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.60 | −0.201% | $24.8M | $91.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.92 | −0.095% | $135K | $590K | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus 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 | 303.40 | −0.266% | $12.0M | $47.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 303.62 | −0.194% | $110.7M | $121.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.56 | −0.214% | $18.1M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.51 | −0.230% | $34.0M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.65 | −0.184% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.182% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.81 | −0.131% | $39K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0100% | 4h | 303.31 | −0.296% | $531K | $965K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.194% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.80 | −0.135% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.69 | −0.171% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.49 | −0.237% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.53 | −0.224% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.12 | −0.358% | $120K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.66 | −0.181% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.25 | −0.317% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.41 | −0.263% | $1K | $414K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.26 | −0.312% | $14K | $992 | 10x | as long as short |
| Nado TAO-PERP | +0.0206% | 1h | 303.77 | −0.144% | $727K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 303.50 | −0.233% | $321K | $462K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0274% | 1h | 303.68 | −0.175% | $16K | $1.3M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | −0.319% | $4.3M | $9.3M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0360% | 1h | 303.25 | −0.316% | $3K | $4K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0464% / S −0.0175% | 1h | 303.42 | −0.259% | $432K | — | 100x | as long as short |
| Extended TAO-USD | +0.0568% | 1h | 303.63 | −0.189% | $867K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0584% | 1h | 304.02 | −0.061% | $1.6M | $4.7M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 303.70 | −0.167% | $349 | — | 20x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0771% | 1h | 304.21 | long leg | $465K | $689K | 10x | |
| Hyperliquid TAO | +0.0871% | 1h | 304.12 | −0.030% | $91.0M | $73.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 304.58 | +0.122% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1037% | 1h | 303.92 | −0.097% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 303.83 | −0.123% | $400K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.531% | $23K | $135 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
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
Paradex TAO-USD-PERP
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
01 Exchange TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Lighter TAO
Reya TAORUSDPERP
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP