Funding you earn now, next payment 08:00 UTC+0.0446%/8h= +48.8% APRpaid last 24h +0.027%
Price spread now: Deribit against BingX+0.246%54s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$340.341% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.246%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.217% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour. The two prices were read 54 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 -0.153% in total (about -8.0% 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 | BingX TAO-USDT | 318.04 | 0.0280 | pay 0.0140% / 4h | 0m 26s | — | $37.3M | — |
| Short | Deribit TAO_USDC-PERPETUAL | 318.82 | 0.0726 | get 0.0091% / 1h | 0m 26s | $15K | $1.9M | 25x |
BingX TAO-USDT
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- $93.66
- Price spread: +0.246% → +0.029%
- $21.72
- Slippage, 4 orders
- −$17.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $81.27
- Costs to cover
- 0.341%
- Break-even
- 0.9 days
Slippage from BingX: live order book, 8 min ago; Deribit: live order book, 4 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 BingX live order book, 8 min ago | 0.78 bp | 6.7 bp −$7 | 14.6 bp −$146 | 26.0 bp −$2,603 | 59.6 bp −$29.8K |
| Sell Deribit live order book, 4 min ago | 5.19 bp | 9.0 bp −$9 | 14.9 bp −$149 | 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 −0.0005% | 1h | 318.45 | +0.130% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0066% | 1h | 318.15 | +0.033% | $128K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.26 | +0.069% | $50K | $716K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.00 | −0.013% | $26.4M | $131.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.80 | −0.075% | $14.8M | $52.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.23 | +0.060% | $17.9M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.54 | −0.157% | $35.8M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.00 | −0.013% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.41 | +0.116% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.76 | −0.088% | $117K | $590K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0102% / S +0.0140% | 1h | 318.63 | +0.185% | $405K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.99 | −0.016% | $651 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 318.27 | +0.072% | $175K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0137% | 1h | 317.45 | −0.186% | $46K | $259K | 50x | as long as short |
| MEXC TAO_USDT | +0.0176% | 4h | 318.03 | −0.003% | $104.1M | $153.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0178% | 4h | 318.02 | −0.006% | $93.0M | $533.1M | 75x | as long as short |
| Orderly PERP_TAO_USDC | +0.0184% | 4h | 317.94 | −0.031% | $52K | $295K | 10x | as long as short |
| edgeX TAOUSDC | +0.0189% | 4h | 317.56 | −0.150% | $42K | $321K | 10x | as long as short |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | −0.036% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0252% | 8h | 318.32 | +0.087% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDTlong | +0.0280% | 4h | 318.04 | long leg | — | $37.3M | — | |
| Bybit TAOUSDT | +0.0289% | 4h | 318.14 | +0.031% | $70.0M | $157.2M | 50x | as long as short |
| Bullet TAO-USD | +0.0291% | 1h | 318.01 | −0.008% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0302% | 4h | 317.66 | −0.120% | $540K | $896K | 10x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 318.32 | +0.087% | $374K | $465K | 10x | as long as short |
| Aster TAOUSDT | +0.0335% | 4h | 318.05 | +0.003% | $1.3M | $11.1M | 50x | as long as short |
| Extended TAO-USD | +0.0368% | 1h | 318.29 | +0.079% | $906K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0418% | 4h | 318.84 | +0.252% | $4.8M | $11.0M | 100x | as long as short |
| Phemex TAOUSDT | +0.0428% | 4h | 318.71 | +0.211% | $3.2M | $8.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 318.62 | +0.182% | $100K | $383K | 5x | as long as short |
| Nado TAO-PERP | +0.0477% | 1h | 317.98 | −0.018% | $778K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0581% | 4h | 318.88 | +0.265% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.30 | +0.396% | $321K | $703K | 5x | as long as short |
| Lighter TAO | +0.0632% | 1h | 318.40 | +0.113% | $1.6M | $6.9M | 5x | as long as short |
| Hyperliquid TAO | +0.0670% | 1h | 318.26 | +0.069% | $94.1M | $110.2M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 318.36 | +0.101% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.88 | −0.051% | $366 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0726% | 1h | 318.92 | +0.277% | $436K | $992K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0726% | 1h | 318.82 | +0.246% | $15K | $1.9M | 25x | |
| RISEx TAO/USDC | +0.0831% | 1h | 318.32 | +0.087% | $449K | $668K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0831% | 1h | 318.78 | +0.234% | $6.0M | $21.7M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.75 | +0.223% | $1.2M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.44 | +1.383% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
MEXC TAO_USDT
Binance TAOUSDT
Orderly PERP_TAO_USDC
edgeX TAOUSDC
Bulk TAO-USD
Paradex TAO-USD-PERP
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Arcus TAO-USD
Nado TAO-PERP
Variational Omni TAO
Phoenix TAO
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP