Funding you earn now, next payment 06:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.015%
Price spread now: MEXC against Deribit+0.068%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.068%, 7d avg −0.026%
=The price spread pays, funding is against you. MEXC is 0.094% dearer against Deribit than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.026%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.106%, 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 0.106% in total (about 5.5% 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 | Deribit TAO_USDC-PERPETUAL | 312.32 | 0.0533 | pay 0.0067% / 1h | 52m 52s | $11K | $1.8M | 25x |
| Short | MEXC TAO_USDT | 312.53 | 0.0100 | get 0.0050% / 4h | 2h 52m | $104.1M | $144.5M | 300x |
Deribit TAO_USDC-PERPETUAL
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$90.93
- Price spread: +0.068% → −0.026%
- $9.39
- Slippage, 4 orders
- −$14.97
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$103.51
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; MEXC: 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 Deribit live order book, 1 min ago | 4.49 bp | 8.3 bp −$8 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.16 bp | 3.6 bp −$4 | 12.2 bp −$122 | 29.7 bp −$2,968 | 106.2 bp −$53.1K |
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 | 311.75 | −0.182% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.01 | −0.098% | $20K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 311.83 | −0.156% | $638 | $877K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.59 | +0.088% | $89.3M | $504.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.50 | +0.059% | $26.1M | $121.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.20 | −0.037% | $13.4M | $50.1M | 50x | as long as short |
| MEXC TAO_USDTshort | +0.0100% | 4h | 312.53 | +0.068% | $104.1M | $144.5M | 300x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.37 | +0.017% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.21 | −0.034% | $35.1M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.81 | −0.163% | $41K | $314K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.10 | −0.069% | $81K | $907K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.77 | −0.175% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.42 | −0.287% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.28 | −0.011% | $171K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0118% | 4h | 312.26 | −0.018% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0133% / S +0.0136% | 1h | 311.99 | −0.104% | $418K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0134% | 4h | 312.13 | −0.060% | $1.3M | $10.5M | 50x | as long as short |
| Popdex TAOUSDT | +0.0192% | 1h | 312.03 | −0.092% | $48K | $662K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0204% | 4h | 313.11 | +0.253% | $532K | $942K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0206% | 8h | 311.95 | −0.117% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 312.12 | −0.061% | $355K | $419K | 10x | as long as short |
| Bulk TAO-USD | +0.0253% | 1h | 311.89 | −0.137% | $166K | $333 | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0305% | 1h | 312.25 | −0.022% | $5.5M | $20.7M | 50x | as long as short |
| Bullet TAO-USD | +0.0310% | 1h | 312.36 | +0.013% | $12K | $17K | 20x | as long as short |
| Nado TAO-PERP | +0.0323% | 1h | 312.22 | −0.030% | $776K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.29 | −0.009% | $4.5M | $10.8M | 100x | as long as short |
| Bybit TAOUSDT | +0.0345% | 4h | 312.54 | +0.072% | $67.6M | $151.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0348% | 4h | 312.47 | +0.049% | — | $33.7M | — | as long as short |
| Extended TAO-USD | +0.0368% | 1h | 312.41 | +0.029% | $903K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 312.91 | +0.190% | $5.5M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 312.05 | −0.085% | $100K | $370K | 5x | as long as short |
| Phemex TAOUSDT | +0.0484% | 4h | 312.43 | +0.036% | $3.1M | $8.0M | 50x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 312.80 | +0.155% | $311K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0533% | 1h | 312.32 | long leg | $11K | $1.8M | 25x | |
| Hyperliquid TAO | +0.0679% | 1h | 312.49 | +0.056% | $91.4M | $108.2M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.26 | −0.018% | $359 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0744% | 1h | 312.23 | −0.028% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0752% | 1h | 312.53 | +0.068% | $1.5M | $6.5M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0828% | 1h | 312.45 | +0.043% | $310K | $885K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 312.88 | +0.180% | $1.5M | $6.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 311.97 | −0.111% | $446K | $649K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.1940% | 1h | 312.51 | +0.062% | $46K | $254K | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +1.202% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Popdex TAOUSDT
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
Pacifica TAO
Bulk TAO-USD
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
Extended TAO-USD
Variational Omni TAO
Arcus TAO-USD
Phemex TAOUSDT
Phoenix TAO
Hyperliquid TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
ApeX Omni TAOUSDT
Injective TAO/USDC PERP