Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h +0.002%
Price spread now: Bitget against Deribit+0.129%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.129%, 7d avg −0.060%
=The price spread pays, funding is against you. Bitget is 0.189% dearer against Deribit than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.060%): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.203%, 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 7 days it paid 0.203% in total (about 10.6% 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 | Deribit TAO_USDC-PERPETUAL | 312.31 | 0.0392 | pay 0.0049% / 1h | 28m 50s | $24K | $1.5M | 25x |
| Short | Bitget TAOUSDT | 312.71 | 0.0100 | get 0.0050% / 4h | 2h 28m | $34.9M | $53.3M | 50x |
Deribit TAO_USDC-PERPETUAL
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- −$61.32
- Price spread: +0.129% → −0.060%
- $18.95
- Slippage, 4 orders
- −$28.47
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$89.84
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from Deribit: live order book, just now; Bitget: live order book, 5 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 Deribit live order book, just now | 5.60 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.13 bp | 12.0 bp −$12 | 23.9 bp −$239 | 50.1 bp −$5,007 | doesn't fit |
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 | 312.49 | +0.059% | $125K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.17 | −0.043% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.77 | +0.149% | $39K | $623K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.78 | +0.152% | $89.8M | $463.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.80 | +0.158% | $25.7M | $111.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.70 | +0.126% | $12.7M | $50.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.98 | +0.216% | $107.8M | $138.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.31 | +0.322% | $18.0M | $30.1M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 312.71 | +0.129% | $34.9M | $53.3M | 50x | |
| edgeX TAOUSDC | +0.0100% | 4h | 311.73 | −0.185% | $34K | $300K | 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
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.29 | −0.647% | $511K | $966K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.54 | −0.245% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.42 | +0.037% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.28 | −0.008% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.94 | +0.203% | $128K | $471K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.82 | +0.165% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.44 | +0.043% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 313.01 | +0.226% | $1K | $696K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0149% | 1h | 312.73 | +0.136% | $81K | $679K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0090% | 1h | 312.24 | −0.020% | $437K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0169% | 1h | 312.51 | +0.065% | $5.5M | $20.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0220% | 1h | 312.61 | +0.098% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0222% | 4h | 312.84 | +0.172% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 313.04 | +0.235% | $368K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0314% | 8h | 312.90 | +0.190% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 313.31 | +0.322% | $98K | $529K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0392% | 1h | 312.31 | long leg | $24K | $1.5M | 25x | |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | −0.008% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0525% | 1h | 312.92 | +0.196% | $776K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | −0.002% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 313.14 | +0.267% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 312.79 | +0.156% | $360 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0708% | 4h | 312.91 | +0.194% | — | $31.0M | — | as long as short |
| Variational Omni TAO | +0.0774% | 4h | 311.95 | −0.115% | $5.4M | $8.8M | — | as long as short |
| Bybit TAOUSDT | +0.0799% | 4h | 313.01 | +0.226% | $65.3M | $137.2M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0884% | 1h | 313.14 | +0.267% | $316K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 312.87 | +0.182% | $898K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 313.92 | +0.517% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 313.02 | +0.230% | $448K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1210% | 1h | 313.46 | +0.370% | $99.0M | $94.6M | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 313.44 | +0.364% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.4286% | 1h | 309.11 | −1.024% | $164K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
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
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD