Funding you earn now, next payment 01:00 UTC−0.0619%/8h= −67.8% APRpaid last 24h −0.001%
Price spread now: Popdex against Bybit−0.054%7-day average −0.023% · 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−$45as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.054%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Popdex is 0.030% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.007% in total (about -0.7% 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 | 317.17 | 0.0715 | pay 0.0358% / 4h | 3h 07m | $65.3M | $133.5M | 50x |
| Short | Popdex TAOUSDT | 317.00 | 0.0096 | get 0.0012% / 1h | 7m 37s | $42K | $600K | 20x |
Bybit TAOUSDT
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$130.07
- Price spread: −0.054% → −0.023%
- −$3.02
- Slippage, 4 orders
- −$25.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$175.54
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Popdex: live order book, 1 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, 1 min ago | 0.16 bp | 12.2 bp −$12 | 21.1 bp −$211 | 47.4 bp −$4,740 | doesn't fit |
| Sell Popdex live order book, 1 min ago | 1.74 bp | 10.9 bp −$11 | 92.1 bp −$921 | 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 | −0.325% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.78 | −0.123% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.13 | −0.327% | $21K | — | 150x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 317.00 | −0.054% | $42K | $600K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 316.85 | −0.102% | $90.8M | $450.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.00 | −0.054% | $25.8M | $109.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.70 | −0.148% | $12.9M | $51.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.95 | −0.069% | $99.6M | $136.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.91 | −0.082% | $18.0M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.84 | −0.104% | $35.2M | $51.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
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 | 316.43 | −0.235% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.09 | −0.340% | $524K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.84 | −0.104% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.08 | −0.344% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.96 | −0.066% | $127K | $422K | 20x | as long as short |
| Bullet TAO-USD | +0.0103% | 1h | 316.48 | −0.217% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.74 | −0.134% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 316.90 | −0.085% | $2K | $644K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 316.19 | −0.308% | $449K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.91 | −0.083% | $375K | $376K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0185% | 1h | 316.14 | −0.325% | $48K | $267K | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.20 | +0.009% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0202% | 4h | 316.56 | −0.192% | $1.3M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 316.99 | −0.056% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0268% | 1h | 316.36 | −0.255% | $92K | $633K | 5x | as long as short |
| Phemex TAOUSDT | +0.0296% | 4h | 316.97 | −0.063% | $3.4M | $7.8M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.05 | −0.353% | $4.4M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0370% | 1h | 316.81 | −0.115% | $17K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.67 | −0.157% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.60 | −0.180% | $331K | $624K | 5x | as long as short |
| Variational Omni TAO | +0.0546% | 4h | 316.94 | −0.072% | $5.5M | $8.7M | — | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 317.04 | −0.041% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.189% | $23K | $802 | 12x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.96 | −0.382% | $363 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 317.04 | −0.041% | — | $30.7M | — | as long as short |
| Bybit TAOUSDTlong | +0.0715% | 4h | 317.17 | long leg | $65.3M | $133.5M | 50x | |
| Nado TAO-PERP | +0.0759% | 1h | 316.17 | −0.316% | $875K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0805% | 1h | 316.65 | −0.164% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.15 | −0.006% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1112% | 1h | 317.02 | −0.047% | $885K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.94 | −0.071% | $421K | $593K | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 317.42 | +0.079% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1798% | 1h | 317.40 | +0.073% | $101.6M | $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
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
ApeX Omni TAOUSDT
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Phemex TAOUSDT
BloFin TAO-USDT
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
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO