Funding you earn now, next payment 03:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h 0.000%
Price spread now: Deribit against Binance+0.061%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.061%, 7d avg +0.022%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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 | 319.67 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $92.6M | $473.4M | 75x |
| Short | Deribit TAO_USDC-PERPETUAL | 319.86 | 0.0640 | get 0.0080% / 1h | 38m 09s | $17K | $1.6M | 25x |
Binance TAOUSDT
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $113.4
- Price spread: +0.061% → +0.022%
- $3.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $100.35
- Costs to cover
- 0.170%
- Break-even
- 0.8 days
Slippage unknown: Binance: live order book, 6 min ago; Deribit: live order book, 1 min ago. Net counts fees only.
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, 6 min ago | 0.16 bp | 8.5 bp −$9 | 19.0 bp −$190 | 42.2 bp −$4,219 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 6.87 bp | doesn't fit | 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 | −0.3652% | 1h | 316.49 | −0.994% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.53 | −0.043% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.67 | +0.001% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.60 | −0.021% | $45K | $657K | 20x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 319.67 | long leg | $92.6M | $473.4M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.60 | −0.021% | $26.3M | $117.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.70 | +0.010% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.38 | −0.090% | $109.0M | $139.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.73 | +0.019% | $18.0M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.40 | −0.084% | $35.6M | $54.0M | 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 | 319.73 | +0.020% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.82 | +0.047% | $72K | $771K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.62 | −0.015% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.11 | +0.138% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.59 | −0.025% | $3.5M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.02 | +0.108% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0104% | 4h | 319.98 | +0.097% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 319.80 | +0.041% | $680 | $759K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 319.62 | −0.016% | $434K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.95 | −0.224% | $526K | $955K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0245% | 1h | 319.81 | +0.046% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0306% | 1h | 319.99 | +0.101% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0326% | 8h | 320.07 | +0.125% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0328% | 4h | 319.69 | +0.005% | $1.2M | $9.3M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.17 | −0.156% | $4.5M | $10.7M | 100x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 320.13 | +0.145% | $378K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 318.90 | −0.240% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 320.42 | +0.235% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0544% | 1h | 319.87 | +0.064% | $775K | $2.1M | 10x | as long as short |
| Bybit TAOUSDT | +0.0626% | 4h | 319.68 | +0.004% | $68.2M | $140.3M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0640% | 1h | 319.86 | +0.061% | $17K | $1.6M | 25x | |
| BingX TAO-USDT | +0.0642% | 4h | 319.67 | 0.000% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 319.94 | +0.084% | $368 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 320.26 | +0.185% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.172% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0883% | 1h | 318.78 | −0.278% | $47K | $253K | 50x | as long as short |
| Lighter TAO | +0.0896% | 1h | 320.24 | +0.179% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 319.74 | +0.024% | $938K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.1008% | 1h | 319.89 | +0.069% | $440K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 320.65 | +0.307% | $1.5M | $6.6M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 320.01 | +0.108% | $455K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1389% | 1h | 320.00 | +0.104% | $100.5M | $98.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | +0.007% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
ApeX Omni TAOUSDT
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP