Funding you earn now, next payment 06:00 UTC−0.2963%/8h= −324.4% APRnext payment −$3.70 per $10,000 · paid last 24h −0.580%
Price spread now: Bulk against Coinbase International−0.386%7-day average −0.290% · 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−$42as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 4 days (all we have)−0.913%−$91 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.386%, 7d avg −0.290%
=Both sides work against this trade now: funding costs −$89 a day on $10k at the current rate, and Bulk is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.290%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.913% in total (about -90.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.70 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 | Coinbase International TAO-PERP-INTX | 320.89 | 0.0944 | pay 0.0118% / 1h | 37m 23s | $1.5M | $6.9M | 50x |
| Short | Bulk TAO-USD | 319.65 | −0.2019 | pay 0.0252% / 1h | 37m 23s | $170K | $333 | 10x |
Coinbase International TAO-PERP-INTX
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Coinbase International. 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
- −$622.19
- Price spread: −0.386% → −0.290%
- −$9.6
- Slippage, 4 orders
- −$15.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$664.62
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Bulk: 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 Coinbase International live order book, 2 min ago | 5.31 bp | 11.8 bp −$12 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 6 min ago | 0.16 bp | 3.7 bp −$4 | 4.6 bp −$46 | 6.0 bp −$601 | 11.5 bp −$5,743 |
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-USDshort | −0.2019% | 1h | 319.65 | −0.386% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 318.75 | −0.668% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.25 | −0.512% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.31 | −0.492% | $41K | $703K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.00 | −0.589% | $26.6M | $129.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.10 | −0.558% | $14.2M | $51.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.15 | −0.542% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.61 | −0.711% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.72 | −0.365% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.16 | −0.539% | $80K | $1.1M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.85 | −0.636% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.73 | −0.673% | $118K | $588K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.23 | −0.517% | $724 | $1.0M | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 319.03 | −0.580% | $53K | $292K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0120% / S +0.0157% | 1h | 318.75 | −0.667% | $431K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.09 | −0.562% | $175K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 319.28 | −0.502% | $104.9M | $149.7M | 300x | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 319.79 | −0.342% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0161% | 4h | 319.14 | −0.545% | $92.3M | $527.6M | 75x | as long as short |
| Phemex TAOUSDT | +0.0197% | 4h | 319.61 | −0.399% | $3.2M | $8.1M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0257% | 8h | 318.83 | −0.641% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0314% | 4h | 319.25 | −0.511% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0362% | 4h | 319.11 | −0.555% | $69.7M | $155.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0370% | 4h | 319.07 | −0.567% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0386% | 1h | 319.20 | −0.527% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 319.97 | −0.287% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0402% | 4h | 319.74 | −0.357% | $544K | $940K | 10x | as long as short |
| Extended TAO-USD | +0.0480% | 1h | 318.91 | −0.616% | $912K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 318.94 | −0.607% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0535% | 4h | 319.70 | −0.371% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.70 | −0.371% | $318K | $709K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.64 | −0.390% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0632% | 1h | 319.43 | −0.455% | $94.4M | $110.1M | 5x | as long as short |
| Nado TAO-PERP | +0.0635% | 1h | 319.14 | −0.546% | $796K | $2.1M | 10x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.98 | −0.284% | $103K | $394K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0643% | 1h | 318.96 | −0.601% | $11K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0674% | 1h | 319.66 | −0.383% | $300K | $904K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.34 | −0.483% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0840% | 1h | 319.24 | −0.514% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0944% | 1h | 320.89 | long leg | $1.5M | $6.9M | 50x | |
| RISEx TAO/USDC | +0.1077% | 1h | 319.14 | −0.546% | $458K | $664K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1157% | 1h | 319.03 | −0.579% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +0.854% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Phemex TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Hyperliquid TAO
Nado TAO-PERP
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP