Funding you earn now, next payment 00:00 UTC+0.0644%/8h= +70.5% APRpaid last 24h +0.151%
Price spread now: Coinbase International against BloFin+0.348%58s7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$530.534% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.348%, 7d avg +0.159%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.189% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.159%. The two prices were read 58 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 0.125% in total (about 6.5% 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 | BloFin TAO-USDT | 316.05 | 0.0340 | pay 0.0170% / 4h | 3h 07m | $4.4M | $10.7M | 100x |
| Short | Coinbase International TAO-PERP-INTX | 317.15 | 0.0984 | get 0.0123% / 1h | 7m 27s | $1.5M | $6.4M | 50x |
BloFin TAO-USDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $135.24
- Price spread: +0.348% → +0.159%
- $18.89
- Slippage, 4 orders
- −$31.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $100.78
- Costs to cover
- 0.534%
- Break-even
- 1.8 days
Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 2.37 bp | 10.0 bp −$10 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 10.10 bp | 15.1 bp −$15 | 20.1 bp −$201 | 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 | −0.1228% | 1h | 316.14 | +0.028% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.78 | +0.231% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.76 | +0.226% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.00 | +0.301% | $42K | $600K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.00 | +0.301% | $90.8M | $450.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.80 | +0.237% | $25.8M | $109.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.70 | +0.206% | $12.9M | $51.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.86 | +0.256% | $99.6M | $136.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.94 | +0.282% | $18.0M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.71 | +0.209% | $35.2M | $51.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance 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 | 316.12 | +0.021% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.81 | −0.076% | $523K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.84 | +0.250% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.08 | +0.009% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.96 | +0.288% | $127K | $422K | 20x | as long as short |
| Bullet TAO-USD | +0.0102% | 1h | 316.93 | +0.280% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.74 | +0.219% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 316.90 | +0.269% | $2K | $644K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0154% | 1h | 316.14 | +0.028% | $48K | $267K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 316.19 | +0.045% | $449K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.91 | +0.271% | $375K | $376K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.20 | +0.364% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0202% | 4h | 317.05 | +0.316% | $1.3M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 316.99 | +0.298% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.17 | +0.354% | $93K | $633K | 5x | as long as short |
| Phemex TAOUSDT | +0.0296% | 4h | 316.97 | +0.291% | $3.4M | $7.8M | 50x | as long as short |
| BloFin TAO-USDTlong | +0.0340% | 4h | 316.05 | long leg | $4.4M | $10.7M | 100x | |
| Deribit TAO_USDC-PERPETUAL | +0.0370% | 1h | 316.81 | +0.239% | $17K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.67 | +0.197% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.20 | +0.047% | $331K | $624K | 5x | as long as short |
| Variational Omni TAO | +0.0546% | 4h | 316.94 | +0.282% | $5.5M | $8.7M | — | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 317.04 | +0.313% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.544% | $23K | $802 | 12x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.81 | +0.241% | $364 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 316.95 | +0.285% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0715% | 4h | 317.18 | +0.358% | $65.3M | $133.5M | 50x | as long as short |
| Nado TAO-PERP | +0.0752% | 1h | 317.10 | +0.331% | $877K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0805% | 1h | 316.65 | +0.190% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0984% | 1h | 317.15 | +0.348% | $1.5M | $6.4M | 50x | |
| Extended TAO-USD | +0.1112% | 1h | 317.02 | +0.308% | $885K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.94 | +0.283% | $421K | $593K | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 317.42 | +0.433% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1792% | 1h | 317.31 | +0.399% | $101.5M | $91.5M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Phemex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
Phoenix TAO
Variational Omni TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO