Funding you earn now, next payment 02:00 UTC−0.2652%/8h= −290.4% APRpaid last 24h +0.318%
Price spread now: MEXC against Bulk+2.504%7-day average +0.099% · 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+$226as in the Price arb table
costs, in and out, $10k−$140.145% of the position
Funding, last 3 days (all we have)+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)−2.381%−$238 · spread now +2.504%, 7d avg +0.099%
=The price spread pays, funding is against you. MEXC is 2.405% dearer against Bulk than usual: you sell high and buy low (spread +2.504% now, against its 7-day average of +0.099%): +$241 on $10k if it goes back. Holding the pair costs −$80 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.352%, 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 0.352% in total (about 36.9% 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 | Bulk TAO-USD | 308.95 | 0.2752 | pay 0.0344% / 1h | 23m 18s | $164K | $40K | 10x |
| Short | MEXC TAO_USDT | 316.68 | 0.0100 | get 0.0050% / 4h | 2h 23m | $110.3M | $138.9M | 300x |
Bulk TAO-USD
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$556.93
- Price spread: +2.504% → +0.099%
- $240.5
- Slippage, 4 orders
- −$7.47
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$330.9
- Costs to cover
- 0.145%
- Break-even
- from the start
Slippage from Bulk: live order book, 46 min ago; MEXC: live order book, 6 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, 46 min ago | 0.16 bp | 4.3 bp −$4 | 5.0 bp −$50 | 21.1 bp −$2,113 | 47.3 bp −$23.6K |
| Sell MEXC live order book, 6 min ago | 0.32 bp | 1.7 bp −$2 | 9.0 bp −$90 | 23.6 bp −$2,362 | 111.6 bp −$55.8K |
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 | 316.42 | +2.421% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.42 | +2.420% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.64 | +2.491% | $40K | $631K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.87 | +2.564% | $90.8M | $465.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.90 | +2.575% | $26.2M | $113.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.30 | +2.381% | $12.9M | $50.3M | 50x | as long as short |
| MEXC TAO_USDTshort | +0.0100% | 4h | 316.68 | +2.504% | $110.3M | $138.9M | 300x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.68 | +2.504% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.75 | +2.526% | $35.3M | $53.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.28 | +1.728% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.74 | +1.876% | $47K | $252K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.89 | +2.572% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.74 | +2.523% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.40 | +2.089% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.62 | +2.161% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.20 | +2.673% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0120% | 8h | 316.54 | +2.458% | $673 | $707K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0136% | 1h | 316.65 | +2.494% | $82K | $680K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0148% | 4h | 314.81 | +1.899% | $519K | $966K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0167% | 1h | 316.72 | +2.518% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 316.27 | +2.372% | $442K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0235% | 1h | 316.69 | +2.507% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0246% | 4h | 316.70 | +2.512% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 316.68 | +2.504% | $372K | $381K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 316.93 | +2.585% | $100K | $529K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0345% | 8h | 316.68 | +2.505% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +3.148% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0501% | 1h | 316.67 | +2.500% | $789K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 315.90 | +2.251% | $330K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 317.17 | +2.662% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0664% | 1h | 316.75 | +2.527% | $23K | $1.5M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.70 | +2.510% | $364 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0760% | 4h | 316.75 | +2.526% | — | $30.9M | — | as long as short |
| Variational Omni TAO | +0.0822% | 4h | 315.55 | +2.139% | $5.5M | $8.9M | — | as long as short |
| Bybit TAOUSDT | +0.0823% | 4h | 317.07 | +2.630% | $66.6M | $137.8M | 50x | as long as short |
| Extended TAO-USD | +0.0896% | 1h | 316.88 | +2.568% | $909K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0910% | 1h | 316.17 | +2.339% | $319K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 316.98 | +2.601% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 316.61 | +2.482% | $452K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1279% | 1h | 317.13 | +2.649% | $100.5M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.12 | +2.645% | $1.6M | $6.1M | 5x | as long as short |
| Bulk TAO-USDlong | +0.2752% | 1h | 308.95 | long leg | $164K | $40K | 10x |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO