Funding you earn now, next payment 00:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h −0.039%
Price spread now: Backpack against BloFin−0.306%66s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$360.364% of the position
Funding, last 7 days−0.375%−$38 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.306%, 7d avg +0.023%
=Funding pays, the price is against you. Backpack is 0.329% cheaper against BloFin than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of +0.023%). If the spread goes back, that is −$33 on $10k: about 5.9 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.375%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TAO-USDT | 313.62 | 0.0340 | pay 0.0170% / 4h | 5m 56s | $4.4M | $10.5M | 100x |
| Short | Backpack TAO_USDC_PERP | 312.66 | 0.0526 | get 0.0066% / 1h | 5m 56s | $292K | $803K | 10x |
BloFin TAO-USDT
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $39.02
- Price spread: −0.306% → +0.023%
- −$32.88
- Slippage, 4 orders
- −$14.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$30.21
- Costs to cover
- 0.364%
- Break-even
- 12.4 days
Slippage from BloFin: live order book, 3 min ago; Backpack: live order book, 8 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 BloFin live order book, 3 min ago | 3.03 bp | 9.3 bp −$9 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 8 min ago | 2.57 bp | 7.9 bp −$8 | 128.6 bp −$1,286 | 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 | −0.2086% | 1h | 311.96 | −0.529% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.23 | −0.443% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 311.95 | −0.533% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 312.08 | −0.491% | $23K | $362 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.67 | −0.303% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.58 | −0.333% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.43 | −0.378% | $88.6M | $429.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.48 | −0.363% | $61.5M | $125.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | −0.421% | $25.1M | $101.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | −0.389% | $12.5M | $50.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.49 | −0.360% | $110.8M | $131.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.48 | −0.363% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.01 | −0.513% | $34.9M | $47.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.61 | −0.322% | — | $30.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.12 | −0.159% | $41K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | −0.098% | $524K | $952K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.79 | −0.265% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.79 | −0.265% | $77K | $450K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.25 | −0.436% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.05 | −0.501% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.94 | −0.536% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.52 | −0.351% | $127K | $417K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.31 | −0.418% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.45 | −0.373% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.61 | −0.322% | $1K | $565K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0156% | 1h | 312.12 | −0.480% | $20K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0164% | 4h | 312.54 | −0.346% | $1.1M | $7.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0071% | 1h | 311.88 | −0.555% | $445K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.84 | −0.249% | $83K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0193% | 8h | 312.53 | −0.348% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0220% | 4h | 312.31 | −0.417% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDTlong | +0.0340% | 4h | 313.62 | long leg | $4.4M | $10.5M | 100x | |
| Nado TAO-PERP | +0.0435% | 1h | 312.44 | −0.377% | $821K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.38 | −0.396% | $5.7M | $19.8M | 50x | as long as short |
| Backpack TAO_USDC_PERPshort | +0.0526% | 1h | 312.66 | −0.306% | $292K | $803K | 10x | |
| Phoenix TAO | +0.0537% | 1h | 312.50 | −0.357% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0592% | 1h | 312.85 | −0.246% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.44 | −0.375% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 312.23 | −0.443% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.96 | +0.108% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1200% | 1h | 312.95 | −0.214% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.59 | −0.329% | $414K | $585K | 5x | as long as short |
| Hyperliquid TAO | +0.1587% | 1h | 313.07 | −0.175% | $98.2M | $84.6M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO