Funding you earn now, next payment 02:00 UTC+0.3464%/8h= +379.3% APRpaid last 24h −0.318%
Price spread now: Bulk against Bybit−1.915%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$310.315% of the position
Funding, last 3 days (all we have)−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)+1.851%+$185 · spread now −1.915%, 7d avg −0.118%
=Funding pays, the price is against you. Bulk is 1.796% cheaper against Bybit than usual: you would sell low and buy high (spread −1.915% now, against its 7-day average of −0.118%). If the spread goes back, that is −$180 on $10k: about 41 hours of funding at the current rate (+$104 a day). Mind the row above: over the last 3 days funding on this pair cost −0.352%, so the current rate has only just turned in your favour.
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 | Bybit TAOUSDT | 315.14 | 0.0822 | pay 0.0411% / 4h | 2h 26m | $66.0M | $137.5M | 50x |
| Short | Bulk TAO-USD | 309.11 | 0.4286 | get 0.0536% / 1h | 26m 58s | $164K | $40K | 10x |
Bybit TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Bybit. 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
- $727.5
- Price spread: −1.915% → −0.118%
- −$179.61
- Slippage, 4 orders
- −$13.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $516.44
- Costs to cover
- 0.315%
- Break-even
- 2.0 days
Slippage from Bybit: live order book, 2 min ago; Bulk: live order book, 42 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 Bybit live order book, 2 min ago | 0.16 bp | 11.1 bp −$11 | 23.6 bp −$236 | 56.9 bp −$5,688 | doesn't fit |
| Sell Bulk live order book, 42 min ago | 0.16 bp | 5.5 bp −$6 | 7.8 bp −$78 | 8.1 bp −$805 | 18.3 bp −$9,130 |
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 | 314.00 | −0.362% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 314.22 | −0.293% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.00 | −0.362% | $39K | $626K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.80 | −0.107% | $90.2M | $464.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.10 | −0.013% | $25.9M | $112.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.40 | −0.235% | $12.8M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.58 | −0.178% | $109.0M | $138.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.56 | −0.184% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.33 | −0.257% | $35.1M | $53.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.67 | −0.783% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.06 | −0.660% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 314.54 | −0.190% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.35 | −0.251% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.34 | −0.254% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.26 | −0.279% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.86 | −0.088% | $173K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0116% | 4h | 313.32 | −0.579% | $516K | $966K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 314.17 | −0.308% | $1K | $700K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0151% | 1h | 314.44 | −0.222% | $82K | $679K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.46 | −0.214% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 314.13 | −0.321% | $439K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0224% | 1h | 314.52 | −0.197% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0231% | 4h | 314.56 | −0.183% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 314.14 | −0.317% | $369K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0325% | 8h | 314.42 | −0.228% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 314.27 | −0.276% | $99K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | −0.908% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0515% | 1h | 314.38 | −0.243% | $779K | $2.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0574% | 1h | 314.52 | −0.197% | $24K | $1.5M | 25x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | −0.901% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 314.34 | −0.254% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.43 | −0.227% | $362 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0760% | 4h | 314.69 | −0.143% | — | $31.0M | — | as long as short |
| Variational Omni TAO | +0.0774% | 4h | 311.95 | −1.013% | $5.4M | $8.8M | — | as long as short |
| Bybit TAOUSDTlong | +0.0822% | 4h | 315.14 | long leg | $66.0M | $137.5M | 50x | |
| Extended TAO-USD | +0.0896% | 1h | 314.48 | −0.208% | $898K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0897% | 1h | 314.73 | −0.130% | $318K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 315.37 | +0.073% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 314.19 | −0.301% | $449K | $630K | 5x | as long as short |
| Hyperliquid TAO | +0.1229% | 1h | 315.00 | −0.044% | $99.6M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 314.92 | −0.071% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USDshort | +0.4286% | 1h | 309.11 | −1.915% | $164K | $40K | 10x |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
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
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO