Funding you earn now, next payment 00:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h +0.009%
Price spread now: Gate against Deribit−0.068%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.068%, 7d avg −0.059%
=The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.167%, 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 0.167% in total (about 8.7% 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 | Deribit TAO_USDC-PERPETUAL | 312.61 | 0.0405 | pay 0.0051% / 1h | 5m 12s | $20K | $1.5M | 25x |
| Short | Gate TAO_USDT | 312.40 | 0.0100 | get 0.0050% / 4h | 5m 12s | $12.5M | $50.5M | 50x |
Deribit TAO_USDC-PERPETUAL
Gate TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$64.05
- Price spread: −0.068% → −0.059%
- −$0.9
- Slippage, 4 orders
- −$27.34
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$114.3
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 2.40 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.20 bp | 16.2 bp −$16 | 33.5 bp −$335 | 62.5 bp −$6,254 | 109.4 bp −$54.7K |
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 | −0.2086% | 1h | 311.96 | −0.209% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 311.75 | −0.277% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.36 | −0.081% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 312.08 | −0.171% | $23K | $362 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.36 | −0.081% | $37K | $566K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.16 | −0.144% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.64 | +0.008% | $88.7M | $429.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.78 | +0.053% | $61.6M | $125.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.70 | +0.028% | $25.1M | $101.9M | 50x | as long as short |
| Gate TAO_USDTshort | +0.0100% | 4h | 312.40 | −0.068% | $12.5M | $50.5M | 50x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.60 | −0.004% | $110.8M | $131.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.68 | +0.021% | $18.8M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.53 | −0.027% | $34.9M | $47.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.64 | +0.009% | — | $30.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.07 | +0.146% | $41K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | +0.224% | $524K | $952K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.86 | +0.079% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.64 | +0.009% | $76K | $450K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.62 | +0.003% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.39 | −0.071% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.87 | −0.238% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.27 | −0.110% | $127K | $417K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.47 | −0.046% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.73 | +0.037% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.24 | −0.119% | $1K | $566K | 5x | as long as short |
| Aster TAOUSDT | +0.0161% | 4h | 312.58 | −0.012% | $1.1M | $7.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0071% | 1h | 312.36 | −0.081% | $445K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.51 | −0.033% | $83K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0192% | 8h | 311.99 | −0.200% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0220% | 4h | 312.31 | −0.096% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.71 | +0.031% | $4.3M | $10.5M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0405% | 1h | 312.61 | long leg | $20K | $1.5M | 25x | |
| Nado TAO-PERP | +0.0442% | 1h | 312.44 | −0.055% | $821K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.62 | +0.001% | $5.7M | $19.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0526% | 1h | 312.81 | +0.063% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.50 | −0.036% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0592% | 1h | 312.63 | +0.005% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.46 | −0.050% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 312.68 | +0.020% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.96 | +0.431% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1192% | 1h | 313.05 | +0.140% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.40 | −0.067% | $413K | $585K | 5x | as long as short |
| Hyperliquid TAO | +0.1585% | 1h | 313.09 | +0.153% | $98.2M | $84.6M | 5x | 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
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO