Funding you earn now, next payment 00:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h +0.084%
Price spread now: Phoenix against MEXC−0.604%7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 3 days (all we have)+0.755%+$76 · spread now −0.604%, 7d avg +0.134%
=Funding pays, the price is against you. Phoenix is 0.738% cheaper against MEXC than usual: you would sell low and buy high (spread −0.604% now, against its 7-day average of +0.134%). If the spread goes back, that is −$74 on $10k: about 5.8 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.211% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% 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 | MEXC TAO_USDT | 318.12 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $100.0M | $136.6M | 300x |
| Short | Phoenix TAO | 316.20 | 0.0525 | get 0.0066% / 1h | 7m 11s | $331K | $624K | 5x |
MEXC TAO_USDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $89.35
- Price spread: −0.604% → +0.134%
- −$73.8
- Slippage, 4 orders
- −$28.98
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.43
- Costs to cover
- 0.360%
- Break-even
- 8.6 days
Slippage from MEXC: live order book, 2 min ago; Phoenix: live order book, 65 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 | 0.63 bp | 2.4 bp −$2 | 6.7 bp −$67 | 34.2 bp −$3,417 | 94.7 bp −$47.4K |
| Sell Phoenix live order book, 65 min ago | 3.19 bp | 16.7 bp −$17 | 23.0 bp −$230 | 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 | −0.1228% | 1h | 316.14 | −0.622% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.78 | −0.421% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.76 | −0.426% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.00 | −0.352% | $42K | $600K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.69 | −0.135% | $91.0M | $450.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.40 | −0.226% | $25.9M | $109.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.90 | −0.069% | $12.9M | $51.2M | 50x | as long as short |
| MEXC TAO_USDTlong | +0.0100% | 4h | 318.12 | long leg | $100.0M | $136.6M | 300x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.08 | −0.013% | $18.0M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.82 | −0.094% | $35.3M | $51.5M | 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
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 | 316.12 | −0.629% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.81 | −0.726% | $523K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.90 | −0.069% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.70 | −0.446% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.76 | −0.113% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.76 | −0.113% | $3.4M | $7.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0102% | 1h | 316.93 | −0.373% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.42 | −0.219% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 316.90 | −0.384% | $2K | $644K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0154% | 1h | 316.14 | −0.622% | $48K | $267K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 316.66 | −0.458% | $449K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.91 | −0.382% | $375K | $376K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.20 | −0.289% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0202% | 4h | 317.74 | −0.119% | $1.3M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 316.99 | −0.354% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.17 | −0.299% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0292% | 1h | 317.77 | −0.110% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.23 | +0.035% | $4.5M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0482% | 1h | 317.90 | −0.070% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAOshort | +0.0525% | 1h | 316.20 | −0.604% | $331K | $624K | 5x | |
| Variational Omni TAO | +0.0546% | 4h | 316.94 | −0.370% | $5.5M | $8.7M | — | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 317.04 | −0.339% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 316.59 | −0.481% | $23K | $902 | 12x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.81 | −0.411% | $364 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 318.12 | 0.000% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0715% | 4h | 317.77 | −0.110% | $65.4M | $133.5M | 50x | as long as short |
| Nado TAO-PERP | +0.0752% | 1h | 317.10 | −0.322% | $877K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0805% | 1h | 318.28 | +0.050% | $322K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.23 | −0.280% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1112% | 1h | 317.84 | −0.087% | $885K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.94 | −0.369% | $421K | $593K | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 318.42 | +0.094% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1792% | 1h | 318.47 | +0.110% | $101.9M | $91.6M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Variational Omni TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO