Funding you earn now, next payment 09:00 UTC−0.0544%/8h= −59.6% APRnext payment −$0.68 per $10,000 · paid last 24h −0.010%
Price spread now: Pacifica against Deribit−0.125%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days+0.165%+$17 on $10k
+Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.125%, 7d avg −0.016%
=Together, before fees+0.200%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Pacifica is 0.109% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.165%, 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 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 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 | Deribit TAO_USDC-PERPETUAL | 318.93 | 0.0893 | pay 0.0112% / 1h | 22m 46s | $9K | $1.9M | 25x |
| Short | Pacifica TAO | 318.53 | 0.0349 | get 0.0044% / 1h | 22m 46s | $367K | $445K | 10x |
Deribit TAO_USDC-PERPETUAL
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$114.25
- Price spread: −0.125% → −0.016%
- −$10.9
- Slippage, 4 orders
- −$24.87
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$165.02
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; Pacifica: live order book, 11 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 | 5.82 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 11 min ago | 1.75 bp | 9.4 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 318.92 | −0.002% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.32 | +0.123% | $51K | $698K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 318.05 | −0.275% | $69.5M | $155.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.00 | −0.291% | $26.5M | $130.5M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.14 | −1.187% | $167K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.60 | −0.416% | $15.1M | $49.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.64 | −0.403% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.74 | −0.372% | $35.9M | $57.2M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.76 | −1.620% | $45K | $256K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.90 | −0.008% | $88K | $1.1M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 318.60 | −0.102% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.87 | −0.018% | $115K | $575K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.48 | −0.140% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 319.76 | +0.261% | $1K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 318.40 | −0.166% | $175K | $998 | 3x | as long as short |
| BingX TAO-USDT | +0.0136% | 4h | 317.71 | −0.381% | — | $38.8M | — | as long as short |
| edgeX TAOUSDC | +0.0136% | 4h | 313.92 | −1.569% | $41K | $321K | 10x | as long as short |
| MEXC TAO_USDT | +0.0140% | 4h | 317.78 | −0.360% | $107.3M | $153.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0141% | 4h | 317.94 | −0.309% | $92.9M | $524.4M | 75x | as long as short |
| dYdX TAO-USD | +0.0204% | 1h | 313.52 | −1.695% | $126K | $86K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0208% | 4h | 313.72 | −1.631% | $531K | $838K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0227% | 4h | 318.95 | +0.007% | $54K | $298K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0236% | 8h | 318.55 | −0.118% | $14K | $876 | 10x | as long as short |
| Bullet TAO-USD | +0.0276% | 1h | 319.33 | +0.127% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0317% | 4h | 317.71 | −0.381% | $1.2M | $11.2M | 50x | as long as short |
| Pacifica TAOshort | +0.0349% | 1h | 318.53 | −0.125% | $367K | $445K | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0363% / S −0.0107% | 1h | 318.23 | −0.218% | $374K | — | 100x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 317.74 | −0.372% | $901K | $2.2M | 25x | as long as short |
| BloFin TAO-USDT | +0.0381% | 4h | 319.21 | +0.089% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.12 | +0.061% | $100K | $360K | 5x | as long as short |
| Nado TAO-PERP | +0.0451% | 1h | 319.19 | +0.081% | $771K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0520% | 1h | 318.25 | −0.212% | $93.3M | $108.1M | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 315.70 | −1.012% | $318K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 319.95 | +0.321% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0597% | 4h | 313.84 | −1.594% | $5.5M | $10.1M | — | as long as short |
| Lighter TAO | +0.0696% | 1h | 319.06 | +0.042% | $1.6M | $6.7M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | +0.103% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0723% | 1h | 318.29 | −0.200% | $314K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0780% | 1h | 318.94 | +0.003% | $6.1M | $21.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.82 | −0.033% | $454K | $710K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0893% | 1h | 318.93 | long leg | $9K | $1.9M | 25x | |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.58 | +0.205% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.363% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
BingX TAO-USDT
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
dYdX TAO-USD
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP