Funding you earn now, next payment 04:00 UTC+0.0357%/8h= +39.0% APRpaid last 24h +0.092%
Price spread now: Phoenix against edgeX+0.547%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)−0.540%−$54 · spread now +0.547%, 7d avg +0.134%
=Together, before fees−0.315%+ Points / potential airdropedgeX: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.413% dearer against edgeX than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.134%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% 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 | edgeX TAOUSDC | 311.10 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $41K | $315K | 10x |
| Short | Phoenix TAO | 312.80 | 0.0457 | get 0.0057% / 1h | 55m 52s | $311K | $713K | 5x |
edgeX TAOUSDC
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- $74.88
- Price spread: +0.547% → +0.134%
- $41.33
- Slippage, 4 orders
- −$31.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $68.83
- Costs to cover
- 0.474%
- Break-even
- 0.6 days
Slippage from edgeX: live order book, 57 min ago; Phoenix: live order book, 57 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 edgeX live order book, 57 min ago | 4.77 bp | 9.3 bp −$9 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 3.18 bp | 19.2 bp −$19 | 28.6 bp −$286 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 312.26 | +0.373% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.43 | +0.429% | $20K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 312.58 | +0.477% | $1K | $869K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.15 | +0.338% | $89.2M | $504.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.10 | +0.322% | $26.1M | $121.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.90 | +0.258% | $13.4M | $50.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.21 | +0.358% | $103.9M | $144.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.31 | +0.390% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.75 | +0.210% | $35.1M | $56.9M | 50x | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 311.10 | long leg | $41K | $315K | 10x |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.63 | +0.171% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.45 | +0.435% | $82K | $905K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.50 | +0.451% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.08 | +0.316% | $110K | $542K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.86 | +0.565% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0117% | 4h | 312.81 | +0.550% | $52K | $290K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0122% | 4h | 311.30 | +0.066% | $529K | $942K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0133% / S +0.0138% | 1h | 312.44 | +0.432% | $415K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0133% | 4h | 312.53 | +0.459% | $1.3M | $10.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0200% | 8h | 312.68 | +0.509% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 312.63 | +0.492% | $356K | $419K | 10x | as long as short |
| Bulk TAO-USD | +0.0253% | 1h | 311.89 | +0.255% | $166K | $333 | 10x | as long as short |
| Bullet TAO-USD | +0.0291% | 1h | 312.79 | +0.544% | $12K | $17K | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0305% | 1h | 312.67 | +0.505% | $5.5M | $20.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0331% | 1h | 312.67 | +0.507% | $778K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.16 | +0.663% | $4.6M | $10.8M | 100x | as long as short |
| Bybit TAOUSDT | +0.0346% | 4h | 312.12 | +0.329% | $67.5M | $151.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0348% | 4h | 312.04 | +0.303% | — | $33.7M | — | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 312.17 | +0.344% | $904K | $2.4M | 25x | as long as short |
| Popdex TAOUSDT | +0.0360% | 1h | 312.73 | +0.525% | $48K | $662K | 20x | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 312.91 | +0.583% | $5.5M | $10.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0437% | 1h | 312.67 | +0.506% | $11K | $1.8M | 25x | as long as short |
| Phemex TAOUSDT | +0.0454% | 4h | 312.79 | +0.544% | $3.1M | $7.9M | 50x | as long as short |
| Phoenix TAOshort | +0.0457% | 1h | 312.80 | +0.547% | $311K | $713K | 5x | |
| Arcus TAO-USD | +0.0483% | 1h | 312.91 | +0.583% | $101K | $370K | 5x | as long as short |
| Hyperliquid TAO | +0.0658% | 1h | 312.16 | +0.342% | $91.3M | $108.3M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.57 | +0.474% | $359 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0816% | 1h | 313.17 | +0.666% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0848% | 1h | 312.92 | +0.587% | $1.5M | $6.5M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0914% | 1h | 312.74 | +0.528% | $311K | $885K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 313.22 | +0.682% | $1.5M | $6.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 312.71 | +0.517% | $445K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 315.73 | +1.489% | $23K | $2K | 12x | as long as short |
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
Bulk TAO-USD
Bullet TAO-USD
Kraken Futures PF_TAOUSD
Nado TAO-PERP
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
Extended TAO-USD
Popdex TAOUSDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phemex TAOUSDT
Arcus TAO-USD
Hyperliquid TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP