Funding you earn now, next payment 03:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h −0.060%
Price spread now: GRVT against Extended−0.059%92s7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.923%+$92 · spread now −0.059%, 7d avg +0.062%
=Together, before fees+0.807%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and GRVT is 0.121% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.062%). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% 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 | Extended TAO-USD | 319.14 | 0.0920 | pay 0.0115% / 1h | 39m 46s | $937K | $2.3M | 25x |
| Short | GRVT TAO_USDT_Perp | 318.95 | 0.0224 | get 0.0112% / 4h | 1h 39m | $526K | $955K | 10x |
Extended TAO-USD
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Extended. 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
- −$146.16
- Price spread: −0.059% → +0.062%
- −$12.09
- Slippage, 4 orders
- −$18.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$190.85
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 23 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 Extended live order book, 4 min ago | 2.98 bp | 7.0 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 23 min ago | 2.21 bp | 9.5 bp −$10 | 14.8 bp −$148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.3652% | 1h | 316.49 | −0.830% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.00 | +0.270% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.71 | +0.179% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.71 | +0.492% | $44K | $654K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.27 | +0.041% | $92.5M | $472.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.00 | −0.044% | $26.4M | $116.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.80 | −0.106% | $13.0M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.05 | −0.028% | $106.6M | $139.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.11 | +0.304% | $18.1M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.87 | −0.085% | $35.6M | $53.9M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 318.60 | −0.170% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.42 | +0.401% | $74K | $764K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.92 | +0.244% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.49 | +0.423% | $131K | $478K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.16 | +0.320% | $3.4M | $7.8M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0101% | 4h | 320.18 | +0.326% | $58K | $282K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.26 | +0.349% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0115% | 8h | 320.65 | +0.473% | $681 | $754K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 319.68 | +0.171% | $434K | — | 100x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0224% | 4h | 318.95 | −0.059% | $526K | $955K | 10x | |
| Kraken Futures PF_TAOUSD | +0.0245% | 1h | 320.19 | +0.328% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0300% | 1h | 320.04 | +0.282% | $12K | $18K | 20x | as long as short |
| Aster TAOUSDT | +0.0330% | 4h | 319.93 | +0.247% | $1.2M | $9.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0331% | 8h | 320.76 | +0.507% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 320.59 | +0.454% | $4.5M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0343% | 1h | 319.91 | +0.240% | $17K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 320.39 | +0.393% | $378K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 318.90 | −0.075% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 321.05 | +0.599% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0527% | 1h | 320.35 | +0.378% | $773K | $2.1M | 10x | as long as short |
| BingX TAO-USDT | +0.0642% | 4h | 319.06 | −0.025% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0648% | 4h | 319.05 | −0.028% | $68.0M | $140.1M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 320.07 | +0.290% | $368 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 321.39 | +0.705% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.338% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0883% | 1h | 318.78 | −0.113% | $47K | $253K | 50x | as long as short |
| Lighter TAO | +0.0904% | 1h | 319.41 | +0.084% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USDlong | +0.0920% | 1h | 319.14 | long leg | $937K | $2.3M | 25x | |
| Backpack TAO_USDC_PERP | +0.1005% | 1h | 320.57 | +0.448% | $441K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 320.58 | +0.451% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 320.74 | +0.500% | $455K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1388% | 1h | 319.38 | +0.076% | $100.3M | $98.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | +0.172% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
BingX TAO-USDT
Bybit TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
ApeX Omni TAOUSDT
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP