Funding you earn now, next payment 12:00 UTC+0.1084%/8h= +118.7% APRnext payment +$5.42 per $10,000 · paid last 24h +0.006%
Price spread now: Phemex against GRVT+0.047%77s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$590.592% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.047%, 7d avg +0.029%
=Together, before fees−0.387%+ Points / potential airdropGRVT: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$33 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.424%, so the current rate has only just turned in your favour. The two prices were read 77 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 -0.424% in total (about -22.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.42 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 | GRVT TAO_USDT_Perp | 316.18 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $541K | $887K | 10x |
| Short | Phemex TAOUSDT | 316.33 | 0.1184 | get 0.0592% / 4h | 3h 51m | $3.2M | $8.2M | 50x |
GRVT TAO_USDT_Perp
Phemex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- $227.67
- Price spread: +0.047% → +0.029%
- $1.75
- Slippage, 4 orders
- −$38.17
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $170.25
- Costs to cover
- 0.592%
- Break-even
- 1.8 days
Slippage from GRVT: live order book, 46 min ago; Phemex: live order book, 2 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 GRVT live order book, 46 min ago | 2.68 bp | 8.8 bp −$9 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.63 bp | 23.3 bp −$23 | 48.3 bp −$483 | 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 −0.0005% | 1h | 315.63 | −0.174% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.82 | +0.202% | $49K | $718K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.47 | +0.091% | $647 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.40 | +0.069% | $26.3M | $130.8M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.09 | +0.287% | $168K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.10 | −0.026% | $14.8M | $49.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.31 | +0.040% | $17.8M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.28 | +0.031% | $35.6M | $57.7M | 50x | as long as short |
| GRVT TAO_USDT_Perplong | +0.0100% | 4h | 316.18 | long leg | $541K | $887K | 10x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.37 | +0.059% | $87K | $1.2M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget 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 | 315.89 | −0.093% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.14 | −0.014% | $116K | $589K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0101% | 1h | 315.82 | −0.115% | $45K | $259K | 50x | as long as short |
| dYdX TAO-USD | +0.0107% | 1h | 316.02 | −0.052% | $127K | $86K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 316.30 | +0.036% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 316.33 | +0.047% | $103.9M | $151.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0164% | 4h | 316.40 | +0.069% | $92.5M | $531.5M | 75x | as long as short |
| edgeX TAOUSDC | +0.0172% | 4h | 315.95 | −0.075% | $42K | $320K | 10x | as long as short |
| BingX TAO-USDT | +0.0176% | 4h | 316.50 | +0.100% | — | $37.4M | — | as long as short |
| Orderly PERP_TAO_USDC | +0.0197% | 4h | 316.26 | +0.024% | $54K | $299K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0252% | 8h | 316.33 | +0.045% | $14K | $876 | 10x | as long as short |
| Bullet TAO-USD | +0.0293% | 1h | 316.58 | +0.125% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0324% | 4h | 316.21 | +0.009% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.44 | +0.081% | $371K | $454K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0107% | 1h | 316.15 | −0.010% | $372K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0373% | 1h | 316.13 | −0.018% | $15K | $1.9M | 25x | as long as short |
| Extended TAO-USD | +0.0384% | 1h | 316.50 | +0.100% | $899K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 316.79 | +0.192% | $100K | $377K | 5x | as long as short |
| BloFin TAO-USDT | +0.0405% | 4h | 316.62 | +0.138% | $4.8M | $10.9M | 100x | as long as short |
| Nado TAO-PERP | +0.0564% | 1h | 316.82 | +0.201% | $777K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 318.30 | +0.670% | $320K | $714K | 5x | as long as short |
| Hyperliquid TAO | +0.0582% | 1h | 316.58 | +0.125% | $93.6M | $109.5M | 5x | as long as short |
| Variational Omni TAO | +0.0589% | 4h | 316.63 | +0.142% | $5.6M | $10.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 317.15 | +0.306% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0656% | 1h | 316.58 | +0.127% | $1.6M | $6.6M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.52 | +0.107% | $364 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0760% | 4h | 316.43 | +0.078% | $69.6M | $156.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0787% | 1h | 316.21 | +0.009% | $5.9M | $21.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0823% | 1h | 316.40 | +0.069% | $316K | $1.0M | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 316.60 | +0.132% | $449K | $668K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 317.34 | +0.366% | $1.2M | $7.3M | 50x | as long as short |
| Phemex TAOUSDTshort | +0.1184% | 4h | 316.33 | +0.047% | $3.2M | $8.2M | 50x | |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +1.811% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
ApeX Omni TAOUSDT
dYdX TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Extended TAO-USD
Arcus TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP