Funding you earn now, next payment 22:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.208%
Price spread now: Coinbase International against MEXC+0.056%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Funding, last 7 days+0.570%+$57 on $10k
+Price spread, last 3 days (all we have)+0.168%+$17 · spread now +0.056%, 7d avg +0.182%
=Funding pays, the price is against you. Coinbase International is 0.126% cheaper against MEXC than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.182%). If the spread goes back, that is −$13 on $10k: about 11 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.570% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.570% in total (about 29.7% 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 | MEXC TAO_USDT | 303.56 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $111.3M | $125.3M | 300x |
| Short | Coinbase International TAO-PERP-INTX | 303.73 | 0.1008 | get 0.0126% / 1h | 26m 59s | $1.5M | $5.6M | 50x |
MEXC TAO_USDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. 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
- $190.68
- Price spread: +0.056% → +0.182%
- −$12.64
- Slippage, 4 orders
- −$17.49
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $150.54
- Costs to cover
- 0.275%
- Break-even
- 1.5 days
Slippage from MEXC: live order book, 2 min ago; Coinbase International: 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 MEXC live order book, 2 min ago | 0.49 bp | 1.8 bp −$2 | 5.5 bp −$55 | 25.4 bp −$2,537 | 131.3 bp −$65.7K |
| Sell Coinbase International live order book, 2 min ago | 5.75 bp | 10.9 bp −$11 | 15.7 bp −$157 | 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 −0.0007% | 1h | 302.87 | −0.227% | $26K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0020% | 1h | 302.67 | −0.295% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.21 | −0.115% | $45K | $537K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.57 | +0.003% | $84.9M | $414.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.66 | +0.033% | $58.7M | $121.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.60 | +0.013% | $24.4M | $95.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.29 | −0.089% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 303.38 | −0.061% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.50 | −0.020% | $12.1M | $48.9M | 50x | as long as short |
| MEXC TAO_USDTlong | +0.0100% | 4h | 303.56 | long leg | $111.3M | $125.3M | 300x |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.47 | −0.030% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.36 | −0.066% | $33.9M | $46.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.67 | +0.036% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.79 | +0.075% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.78 | +0.074% | $39K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.76 | +0.065% | $502K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.17 | −0.128% | $74K | $589K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.05 | −0.168% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.16 | −0.132% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.11 | −0.148% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.68 | +0.369% | $122K | $364K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.61 | +0.016% | $3.2M | $7.9M | 50x | as long as short |
| Aster TAOUSDT | +0.0102% | 4h | 303.53 | −0.010% | $1.1M | $7.7M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.34 | −0.072% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 302.97 | −0.194% | $620 | $498K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0112% | 1h | 303.77 | +0.069% | $46K | $269K | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 302.92 | −0.210% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0160% | 1h | 303.13 | −0.143% | $21K | $1.4M | 25x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.09 | −0.155% | $358K | $372K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 302.87 | −0.228% | $432K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.15 | −0.135% | $4.2M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0342% | 1h | 303.06 | −0.164% | $818K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 303.81 | +0.081% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0400% | 1h | 303.23 | −0.109% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0435% | 1h | 303.73 | +0.056% | $292K | $799K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 303.50 | −0.020% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.00 | −0.184% | $348 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 303.45 | −0.035% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1008% | 1h | 303.73 | +0.056% | $1.5M | $5.6M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1040% | 1h | 303.64 | +0.028% | $5.7M | $19.7M | 50x | as long as short |
| Hyperliquid TAO | +0.1053% | 1h | 303.97 | +0.135% | $92.3M | $80.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 303.24 | −0.105% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.703% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aster TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Nado TAO-PERP
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP