Funding you earn now, next payment 01:00 UTC−0.0645%/8h= −70.6% APRnext payment −$0.81 per $10,000 · paid last 24h −0.038%
Price spread now: Pacifica against Backpack−0.428%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$340.335% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.428%, 7d avg −0.038%
=Together, before fees+0.401%+ Points / potential airdropPacifica: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Pacifica is 0.390% cheaper against Backpack than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.81 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 | Backpack TAO_USDC_PERP | 320.08 | 0.0830 | pay 0.0104% / 1h | 19m 55s | $323K | $818K | 10x |
| Short | Pacifica TAO | 318.71 | 0.0185 | get 0.0023% / 1h | 19m 55s | $377K | $376K | 10x |
Backpack TAO_USDC_PERP
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$135.44
- Price spread: −0.428% → −0.038%
- −$38.97
- Slippage, 4 orders
- −$15.51
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$207.92
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 54 min ago; Pacifica: live order book, 53 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, 54 min ago | 2.57 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 53 min ago | 3.53 bp | 8.8 bp −$9 | doesn't fit | 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 | −0.1321% | 1h | 318.22 | −0.581% | $169K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.38 | −0.531% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.57 | −0.159% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.15 | +0.022% | $43K | $597K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.09 | +0.003% | $92.1M | $448.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.40 | +0.100% | $26.2M | $109.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.50 | −0.181% | $12.9M | $50.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 320.32 | +0.075% | $110.6M | $135.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.33 | +0.078% | $18.2M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.17 | +0.028% | $35.6M | $51.1M | 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 | 318.40 | −0.526% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 318.34 | −0.545% | $526K | $960K | 10x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 319.91 | −0.053% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.85 | −0.072% | $58K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.72 | −0.112% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.04 | −0.012% | $128K | $423K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.72 | −0.112% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.40 | −0.214% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 320.13 | +0.016% | $741 | $628K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0094% | 1h | 319.49 | −0.184% | $460K | — | 100x | as long as short |
| Pacifica TAOshort | +0.0185% | 1h | 318.71 | −0.428% | $377K | $376K | 10x | |
| Arcus TAO-USD | +0.0201% | 1h | 320.67 | +0.184% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0229% | 4h | 319.84 | −0.074% | $1.2M | $8.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0234% | 8h | 318.77 | −0.410% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0295% | 1h | 320.19 | +0.034% | $94K | $633K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0307% | 1h | 318.64 | −0.450% | $49K | $267K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.00 | −0.650% | $4.5M | $10.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0426% | 1h | 319.76 | −0.100% | $17K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0480% | 1h | 319.70 | −0.117% | $5.8M | $20.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0490% | 4h | 320.18 | +0.031% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0515% | 4h | 318.38 | −0.530% | $5.6M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 319.30 | −0.244% | $334K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 318.88 | −0.375% | $23K | $778 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0576% | 1h | 320.55 | +0.147% | $3K | $4K | 5x | as long as short |
| Bybit TAOUSDT | +0.0605% | 4h | 320.61 | +0.166% | $66.1M | $133.1M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.90 | −0.055% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0747% | 1h | 320.19 | +0.035% | $893K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0830% | 1h | 320.08 | long leg | $323K | $818K | 10x | |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.47 | +0.122% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1128% | 1h | 320.30 | +0.067% | $924K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 320.43 | +0.108% | $424K | $593K | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 320.12 | +0.013% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.1974% | 1h | 320.62 | +0.169% | $103.1M | $91.5M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
BingX TAO-USDT
Variational Omni TAO
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Bybit TAOUSDT
Reya TAORUSDPERP
Nado TAO-PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO