Funding you earn now, next payment 07:00 UTC−0.2625%/8h= −287.5% APRnext payment −$3.28 per $10,000 · paid last 24h −0.345%
Price spread now: Bulk against Pacifica+0.418%56s7-day average −0.108% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.396%−$40 on $10k
+Price spread, last 4 days (all we have)−0.537%−$54 · spread now +0.418%, 7d avg −0.108%
=Together, before fees−0.933%+ Points / potential airdropPacifica: Active · farm board−$93 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.526% dearer against Pacifica than usual: you sell high and buy low (spread +0.418% now, against its 7-day average of −0.108%): +$53 on $10k if it goes back. Holding the pair costs −$79 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 4 days (−0.396% in total) that is about 4.9 days. The two prices were read 56 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 4 days it paid -0.396% in total (about -39.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 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 | Pacifica TAO | 319.53 | 0.0525 | pay 0.0066% / 1h | 42m 49s | $364K | $423K | 10x |
| Short | Bulk TAO-USD | 320.87 | −0.2101 | pay 0.0263% / 1h | 42m 49s | $170K | $333 | 10x |
Pacifica TAO
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Pacifica. 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
- −$551.35
- Price spread: +0.418% → −0.108%
- $52.63
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$513.73
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Pacifica: live order book, 66 min ago; Bulk: live order book, 1 min ago. Net counts fees only.
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 Pacifica live order book, 66 min ago | 2.55 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 1 min ago | 0.16 bp | 3.7 bp −$4 | 4.6 bp −$46 | 6.0 bp −$601 | 11.5 bp −$5,743 |
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-USDshort | −0.2101% | 1h | 320.87 | +0.418% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 319.38 | −0.049% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.74 | +0.063% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.16 | +0.196% | $41K | $696K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.60 | +0.021% | $26.5M | $129.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.30 | −0.073% | $14.2M | $51.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.41 | −0.039% | $17.7M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.05 | −0.151% | $35.8M | $58.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.81 | +0.086% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.89 | +0.111% | $75K | $1.1M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni 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 | 319.62 | +0.027% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.31 | −0.070% | $118K | $589K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.08 | +0.171% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 320.06 | +0.165% | $726 | $992K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 320.01 | +0.151% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0121% / S +0.0156% | 1h | 319.78 | +0.078% | $432K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 320.00 | +0.146% | $53K | $293K | 10x | as long as short |
| edgeX TAOUSDC | +0.0152% | 4h | 320.03 | +0.157% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 319.55 | +0.005% | $105.0M | $149.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0159% | 4h | 319.45 | −0.025% | $92.4M | $527.0M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0261% | 8h | 319.48 | −0.015% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0315% | 4h | 319.63 | +0.031% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0386% | 1h | 320.19 | +0.205% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0388% | 4h | 319.41 | −0.039% | — | $34.4M | — | as long as short |
| Bybit TAOUSDT | +0.0391% | 4h | 319.52 | −0.004% | $69.7M | $155.9M | 50x | as long as short |
| BloFin TAO-USDT | +0.0396% | 4h | 320.21 | +0.212% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0408% | 4h | 319.77 | +0.074% | $544K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 319.62 | +0.028% | $917K | $2.4M | 25x | as long as short |
| Pacifica TAOlong | +0.0525% | 1h | 319.53 | long leg | $364K | $423K | 10x | |
| Variational Omni TAO | +0.0538% | 4h | 319.36 | −0.055% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 320.30 | +0.240% | $319K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0583% | 1h | 319.91 | +0.119% | $14K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 320.54 | +0.315% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.56 | +0.321% | $103K | $394K | 5x | as long as short |
| Nado TAO-PERP | +0.0645% | 1h | 320.15 | +0.192% | $802K | $2.2M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0653% | 1h | 319.97 | +0.137% | $300K | $904K | 10x | as long as short |
| Hyperliquid TAO | +0.0657% | 1h | 319.59 | +0.018% | $94.4M | $110.1M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.99 | +0.142% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0856% | 1h | 319.84 | +0.096% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.04 | +0.471% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 320.19 | +0.205% | $462K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1153% | 1h | 320.03 | +0.156% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.282% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Arcus TAO-USD
Nado TAO-PERP
Backpack TAO_USDC_PERP
Hyperliquid TAO
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP