Funding you earn now, next payment 22:00 UTC−0.7581%/8h= −830.1% APRpaid last 24h −0.155%
Price spread now: Bulk against Bitget+1.146%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$79as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 3 days (all we have)−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−1.390%−$139 · spread now +1.146%, 7d avg −0.026%
=The price spread pays, funding is against you. Bulk is 1.172% dearer against Bitget than usual: you sell high and buy low (spread +1.146% now, against its 7-day average of −0.026%): +$117 on $10k if it goes back. Holding the pair costs −$227 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.191% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.191% in total (about -21.2% 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 | Bitget TAOUSDT | 302.79 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $33.9M | $43.7M | 50x |
| Short | Bulk TAO-USD | 306.26 | −0.7481 | pay 0.0935% / 1h | 54m 20s | $201K | $57K | 10x |
Bitget TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Bitget. 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
- −$1,592.03
- Price spread: +1.146% → −0.026%
- $117.16
- Slippage, 4 orders
- −$19.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,512.9
- Costs to cover
- 0.380%
- Break-even
- from the start
Slippage from Bitget: live order book, 5 min ago; Bulk: live order book, 34 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 Bitget live order book, 5 min ago | 0.49 bp | 10.0 bp −$10 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 34 min ago | 2.39 bp | 7.3 bp −$7 | 8.9 bp −$89 | 19.2 bp −$1,921 | 37.4 bp −$18.7K |
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-USDshort | −0.7481% | 1h | 306.26 | +1.146% | $201K | $57K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 302.47 | −0.106% | $127K | $92K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 302.98 | +0.062% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 301.85 | −0.310% | $39K | $522K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0099% | 1h | 302.93 | +0.045% | $16K | $1.3M | 25x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 301.94 | −0.282% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 302.69 | −0.032% | $354K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.24 | +0.149% | $84.7M | $398.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.16 | +0.122% | $57.9M | $117.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.00 | +0.069% | $24.6M | $90.9M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus TAO-USD | +0.0100% | 1h | 302.69 | −0.033% | $136K | $589K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 302.90 | +0.036% | $11.9M | $47.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 302.28 | −0.168% | $109.8M | $120.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 301.92 | −0.287% | $18.0M | $26.2M | 75x | as long as short |
| Bitget TAOUSDTlong | +0.0100% | 4h | 302.79 | long leg | $33.9M | $43.7M | 50x | |
| BingX TAO-USDT | +0.0100% | 4h | 303.18 | +0.129% | — | $30.6M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.652% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.97 | +0.720% | $39K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.71 | +0.634% | $533K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.664% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 302.22 | −0.188% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.11 | +0.107% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 302.97 | +0.059% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.88 | +0.030% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.05 | +0.086% | $120K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.01 | +0.073% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.02 | +0.077% | $166K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 301.95 | −0.277% | $863 | $414K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 302.19 | −0.199% | $14K | $992 | 10x | as long as short |
| Nado TAO-PERP | +0.0264% | 1h | 301.91 | −0.290% | $733K | $1.8M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0320% | 1h | 303.25 | +0.152% | $3K | $4K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.00 | +0.400% | $4.3M | $9.3M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 304.50 | +0.565% | $322K | $462K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0462% / S −0.0175% | 1h | 302.90 | +0.037% | $430K | — | 100x | as long as short |
| Extended TAO-USD | +0.0560% | 1h | 302.95 | +0.053% | $863K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0584% | 1h | 303.04 | +0.082% | $1.6M | $4.7M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0613% | 1h | 304.40 | +0.532% | $434K | $671K | 10x | as long as short |
| Hyperliquid TAO | +0.0631% | 1h | 302.48 | −0.102% | $90.4M | $72.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 302.23 | −0.184% | $348 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 304.17 | +0.456% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1039% | 1h | 303.44 | +0.214% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 302.35 | −0.145% | $398K | $531K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +3.012% | $23K | $135 | 12x | as long as short |
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Nado TAO-PERP
01 Exchange TAOUSD
BloFin TAO-USDT
Phoenix TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Lighter TAO
Backpack TAO_USDC_PERP
Hyperliquid TAO
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP