Funding you earn now, next payment 00:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.223%
Price spread now: Coinbase International against Binance+0.155%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.583%+$58 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.155%, 7d avg +0.179%
=Funding pays, the price is against you. Coinbase International is 0.025% cheaper against Binance than usual: you would sell low and buy high (spread +0.155% now, against its 7-day average of +0.179%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.583% in total) that is about 7 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.583% in total (about 30.4% 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 | 316.24 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $90.7M | $450.1M | 75x |
| Short | Coinbase International TAO-PERP-INTX | 316.73 | 0.0984 | get 0.0123% / 1h | 12m 20s | $1.5M | $6.4M | 50x |
Binance TAOUSDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $185.64
- Price spread: +0.155% → +0.179%
- −$2.45
- Slippage, 4 orders
- −$27.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $136.15
- Costs to cover
- 0.470%
- Break-even
- 1.9 days
Slippage from Binance: live order book, 1 min ago; Coinbase International: live order book, 2 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, 1 min ago | 0.16 bp | 9.1 bp −$9 | 18.6 bp −$186 | 45.7 bp −$4,566 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 7.40 bp | 12.4 bp −$12 | 19.6 bp −$196 | 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 | −0.1821% | 1h | 318.67 | +0.768% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.74 | −0.159% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.03 | −0.066% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.17 | −0.022% | $42K | $598K | 20x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 316.24 | long leg | $90.7M | $450.1M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.00 | −0.076% | $25.8M | $108.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.00 | −0.076% | $12.8M | $51.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.15 | −0.028% | $98.9M | $136.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.05 | −0.060% | $17.9M | $29.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.10 | −0.044% | $35.2M | $51.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex 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 | 316.13 | −0.035% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.19 | −0.016% | $524K | $958K | 10x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.35 | +0.035% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.24 | 0.000% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.93 | −0.098% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.39 | +0.047% | $126K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.47 | +0.073% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.97 | +0.231% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 316.27 | +0.009% | $1K | $636K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 315.92 | −0.100% | $448K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.15 | −0.030% | $375K | $375K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 316.35 | +0.035% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0206% | 4h | 316.16 | −0.025% | $1.2M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 316.08 | −0.050% | $14K | $1K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0247% | 1h | 316.20 | −0.013% | $48K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0269% | 1h | 316.44 | +0.063% | $92K | $633K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.46 | +0.070% | $4.5M | $10.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0365% | 1h | 316.22 | −0.006% | $17K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0485% | 1h | 316.26 | +0.007% | $5.7M | $20.3M | 50x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 316.67 | +0.135% | $5.5M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.60 | +0.114% | $331K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.26 | +0.006% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.484% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0609% | 4h | 316.27 | +0.009% | — | $30.4M | — | as long as short |
| Bybit TAOUSDT | +0.0673% | 4h | 316.32 | +0.025% | $65.2M | $133.4M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 316.26 | +0.007% | $364 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0764% | 1h | 316.03 | −0.067% | $877K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0805% | 1h | 316.37 | +0.041% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0984% | 1h | 316.73 | +0.155% | $1.5M | $6.4M | 50x | |
| Extended TAO-USD | +0.1112% | 1h | 316.25 | +0.002% | $886K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.15 | −0.028% | $418K | $593K | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 316.74 | +0.159% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1848% | 1h | 316.61 | +0.117% | $101.4M | $91.8M | 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]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Bybit TAOUSDT
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO