Funding you earn now, next payment 06:00 UTC+0.0275%/8h= +30.2% APRpaid last 24h +0.004%
Price spread now: ApeX Omni against Binance−1.240%119s7-day average +0.029% · 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—prices read too far apart to compare
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+1.542%+$154 · spread now −1.240%, 7d avg +0.029%
=Funding pays, the price is against you. ApeX Omni is 1.269% cheaper against Binance than usual: you would sell low and buy high (spread −1.240% now, against its 7-day average of +0.029%). If the spread goes back, that is −$127 on $10k: about 15 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.063% in total) that is about 5 months. The two prices were read 119 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 7 days it paid 0.063% in total (about 3.3% 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 | Binance TAOUSDT | 316.16 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $90.7M | $507.2M | 75x |
| Short | ApeX Omni TAOUSDT | 312.24 | 0.0375 | get 0.0047% / 1h | 35m 43s | $44K | $256K | 50x |
Binance TAOUSDT
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- $57.84
- Price spread: −1.240% → +0.029%
- −$126.86
- Slippage, 4 orders
- −$20.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$109.35
- Costs to cover
- 0.403%
- Break-even
- 20.2 days
Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 11 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 Binance live order book, 8 min ago | 0.16 bp | 6.4 bp −$6 | 13.6 bp −$136 | 35.2 bp −$3,520 | doesn't fit |
| Sell ApeX Omni live order book, 11 min ago | 5.58 bp | 13.1 bp −$13 | 121.9 bp −$1,219 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 314.53 | −0.515% | $23K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0041% | 1h | 315.68 | −0.152% | $126K | $85K | 5x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.15 | −0.003% | $647 | $904K | 5x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 316.16 | long leg | $90.7M | $507.2M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.10 | −0.019% | $26.4M | $123.1M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.32 | −0.582% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.80 | −0.114% | $13.9M | $50.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.23 | +0.022% | $106.8M | $145.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.65 | −0.161% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.79 | −0.117% | $35.5M | $57.0M | 50x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 313.69 | −0.782% | $41K | $315K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.32 | −0.582% | $90K | $919K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.16 | −0.632% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.39 | −0.560% | $111K | $546K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.84 | −0.417% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 314.87 | −0.408% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0131% / S +0.0138% | 1h | 314.45 | −0.541% | $420K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0132% | 4h | 314.89 | −0.402% | $3.2M | $8.0M | 50x | as long as short |
| Aster TAOUSDT | +0.0186% | 4h | 315.52 | −0.202% | $1.3M | $10.5M | 50x | as long as short |
| Popdex TAOUSDT | +0.0208% | 1h | 316.23 | +0.022% | $50K | $664K | 20x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 316.00 | −0.049% | $360K | $419K | 10x | as long as short |
| Nado TAO-PERP | +0.0251% | 1h | 314.58 | −0.499% | $772K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0263% | 8h | 316.29 | +0.040% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0302% | 1h | 315.24 | −0.291% | $5.9M | $21.4M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0306% | 4h | 313.96 | −0.695% | $533K | $935K | 10x | as long as short |
| Bullet TAO-USD | +0.0334% | 1h | 314.85 | −0.413% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.84 | −0.734% | $4.6M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0375% | 1h | 312.24 | −1.240% | $44K | $256K | 50x | |
| BingX TAO-USDT | +0.0426% | 4h | 316.12 | −0.013% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0431% | 4h | 314.95 | −0.384% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0440% | 1h | 316.09 | −0.022% | $907K | $2.4M | 25x | as long as short |
| Bybit TAOUSDT | +0.0473% | 4h | 316.24 | +0.025% | $68.6M | $152.1M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0482% | 1h | 314.87 | −0.406% | $9K | $1.8M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 316.35 | +0.060% | $102K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 314.00 | −0.683% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.42 | −0.549% | $362 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 316.66 | +0.158% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0796% | 1h | 315.95 | −0.068% | $92.4M | $108.7M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0821% | 1h | 315.06 | −0.348% | $311K | $887K | 10x | as long as short |
| Lighter TAO | +0.0840% | 1h | 315.87 | −0.092% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 315.17 | −0.313% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 316.07 | −0.027% | $459K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 317.66 | +0.475% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Aster TAOUSDT
Popdex TAOUSDT
Pacifica TAO
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Variational Omni TAO
Extended TAO-USD
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP