Funding you earn now, next payment 02:00 UTC−0.4182%/8h= −457.9% APRnext payment −$5.23 per $10,000 · paid last 24h +0.320%
Price spread now: Aevo against Bulk+1.656%7-day average +0.139% · 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−$59as in the Price arb table
costs, in and out, $10k−$2112.110% of the position
Funding, last 3 days (all we have)+0.355%+$35 on $10k
+Price spread, last 3 days (all we have)−1.458%−$146 · spread now +1.656%, 7d avg +0.139%
=The price spread pays, funding is against you. Aevo is 1.518% dearer against Bulk than usual: you sell high and buy low (spread +1.656% now, against its 7-day average of +0.139%): +$152 on $10k if it goes back. Holding the pair costs −$125 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 3 days funding on this pair paid +0.355%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.355% in total (about 37.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.23 per $10,000. 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 | Bulk TAO-USD | 309.11 | 0.4286 | pay 0.0536% / 1h | 28m 19s | $164K | $40K | 10x |
| Short | Aevo TAO-PERP | 314.23 | 0.0104 | get 0.0013% / 1h | 28m 19s | $173K | $998 | 3x |
Bulk TAO-USD
Aevo TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Bulk. 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
- −$878.21
- Price spread: +1.656% → +0.139%
- $151.77
- Slippage, 4 orders
- −$188.04
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$937.48
- Costs to cover
- 2.110%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 41 min ago; Aevo: live order book, 40 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 Bulk live order book, 41 min ago | 0.16 bp | 4.3 bp −$4 | 5.0 bp −$50 | 21.1 bp −$2,113 | 47.3 bp −$23.6K |
| Sell Aevo live order book, 40 min ago | 75.44 bp | 101.7 bp −$102 | 666.8 bp −$6,668 | doesn't fit | doesn't fit |
TAO on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 312.45 | +1.082% | $125K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 313.84 | +1.530% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.03 | +1.269% | $38K | $627K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.06 | +1.604% | $90.1M | $463.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.50 | +1.745% | $25.7M | $111.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.80 | +1.518% | $12.8M | $50.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.80 | +1.518% | $108.3M | $138.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.05 | +1.276% | $18.0M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.05 | +1.599% | $35.0M | $53.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.73 | +0.848% | $34K | $300K | 10x | as long as short |
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 TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.29 | +0.382% | $511K | $966K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.54 | +0.787% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 314.42 | +1.719% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.08 | +1.609% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.94 | +1.240% | $128K | $471K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.82 | +1.201% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERPshort | +0.0104% | 1h | 314.23 | +1.656% | $173K | $998 | 3x | |
| Katana Perps TAO-USD | +0.0122% | 8h | 312.92 | +1.234% | $726 | $698K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0144% | 1h | 313.37 | +1.379% | $81K | $679K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.06 | +1.602% | $5.5M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0090% | 1h | 313.73 | +1.497% | $437K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0220% | 4h | 312.98 | +1.252% | $1.3M | $9.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0222% | 1h | 314.11 | +1.620% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 312.98 | +1.253% | $368K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0315% | 8h | 312.76 | +1.181% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 313.22 | +1.331% | $98K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | +1.027% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0530% | 1h | 314.11 | +1.620% | $779K | $2.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0567% | 1h | 314.17 | +1.639% | $24K | $1.5M | 25x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | +1.033% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 313.39 | +1.386% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.02 | +1.589% | $361 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0708% | 4h | 314.12 | +1.622% | — | $31.0M | — | as long as short |
| Variational Omni TAO | +0.0774% | 4h | 311.95 | +0.919% | $5.4M | $8.8M | — | as long as short |
| Bybit TAOUSDT | +0.0813% | 4h | 314.72 | +1.816% | $65.6M | $137.5M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0884% | 1h | 313.14 | +1.305% | $316K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 314.20 | +1.648% | $898K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 313.92 | +1.557% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 313.19 | +1.321% | $448K | $630K | 5x | as long as short |
| Hyperliquid TAO | +0.1221% | 1h | 313.53 | +1.431% | $99.0M | $94.6M | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 313.13 | +1.300% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USDlong | +0.4286% | 1h | 309.11 | long leg | $164K | $40K | 10x |
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Bullet TAO-USD
Pacifica TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO