Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.009%
Price spread now: Pacifica against Bybit−0.088%48s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$400.395% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.088%, 7d avg −0.018%
=Together, before fees+0.210%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.069% cheaper against Bybit than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.018%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.029% in total) that is about 17 days. The two prices were read 48 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 0.029% in total (about 1.5% 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 | Bybit TAOUSDT | 315.28 | 0.0100 | pay 0.0050% / 4h | 1m 52s | $68.0M | $149.0M | 50x |
| Short | Pacifica TAO | 315.00 | 0.0365 | get 0.0046% / 1h | 1m 52s | $359K | $412K | 10x |
Bybit TAOUSDT
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $55.57
- Price spread: −0.088% → −0.018%
- −$6.91
- Slippage, 4 orders
- −$20.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $9.13
- Costs to cover
- 0.395%
- Break-even
- 5.9 days
Slippage from Bybit: live order book, 2 min ago; Pacifica: live order book, 57 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 | 0.48 bp | 9.6 bp −$10 | 16.2 bp −$162 | 40.1 bp −$4,007 | doesn't fit |
| Sell Pacifica live order book, 57 min ago | 3.49 bp | 11.6 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 314.94 | −0.108% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.92 | −0.115% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 315.19 | −0.027% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.01 | −0.086% | $43K | $669K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 314.77 | −0.162% | $2K | $800K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.20 | −0.025% | $91.1M | $495.0M | 75x | as long as short |
| Bybit TAOUSDTlong | +0.0100% | 4h | 315.28 | long leg | $68.0M | $149.0M | 50x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.20 | −0.025% | $26.0M | $120.7M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.80 | −0.152% | $167K | $2K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.00 | −0.089% | $13.0M | $50.2M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 315.21 | −0.022% | $100.9M | $144.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.04 | −0.076% | $17.7M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.88 | −0.127% | $35.2M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 315.14 | −0.044% | — | $32.8M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.70 | −0.186% | $42K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.68 | −0.190% | $533K | $969K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.73 | −0.174% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.88 | −0.127% | $77K | $862K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.16 | −0.037% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.73 | −0.174% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.71 | −0.181% | $110K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.23 | −0.016% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.26 | −0.008% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0128% | 4h | 315.16 | −0.038% | $52K | $271K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0144% / S +0.0123% | 1h | 314.91 | −0.119% | $428K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0150% | 8h | 315.01 | −0.086% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0159% | 4h | 315.25 | −0.011% | $1.2M | $10.4M | 50x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 315.13 | −0.046% | $923K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0213% | 1h | 314.97 | −0.098% | $800K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0289% | 1h | 315.39 | +0.035% | $92.7M | $106.6M | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.15 | −0.041% | $4.6M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.25 | −0.010% | $99K | $438K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0352% | 1h | 315.06 | −0.070% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0364% | 1h | 315.26 | −0.006% | $313K | $913K | 10x | as long as short |
| Pacifica TAOshort | +0.0365% | 1h | 315.00 | −0.088% | $359K | $412K | 10x | |
| Lighter TAO | +0.0384% | 1h | 315.48 | +0.062% | $1.5M | $6.5M | 5x | as long as short |
| Variational Omni TAO | +0.0413% | 4h | 314.58 | −0.220% | $5.7M | $9.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0527% | 1h | 315.29 | +0.002% | $22K | $1.7M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 314.50 | −0.247% | $313K | $697K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 315.05 | −0.073% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 314.99 | −0.093% | $438K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.59 | +0.098% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 317.67 | +0.758% | $23K | $2K | 12x | 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
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Aster TAOUSDT
Extended TAO-USD
Nado TAO-PERP
Hyperliquid TAO
BloFin TAO-USDT
Arcus TAO-USD
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP