Funding you earn now, next payment 05:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h −0.002%
Price spread now: Deribit against Pacifica+0.219%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.219%, 7d avg +0.015%
=Together, before fees−0.332%+ Points / potential airdropPacifica: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.204% dearer against Pacifica than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 | 312.21 | 0.0100 | pay 0.0013% / 1h | 10m 38s | $355K | $416K | 10x |
| Short | Deribit TAO_USDC-PERPETUAL | 312.89 | 0.0383 | get 0.0048% / 1h | 10m 38s | $13K | $1.8M | 25x |
Pacifica TAO
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $59.43
- Price spread: +0.219% → +0.015%
- $20.35
- Slippage, 4 orders
- −$17.37
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $47.42
- Costs to cover
- 0.324%
- Break-even
- 1.4 days
Slippage from Pacifica: live order book, 43 min ago; Deribit: live order book, 3 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 Pacifica live order book, 43 min ago | 2.22 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 4.32 bp | 7.8 bp −$8 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0347% | 1h | 312.70 | +0.155% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.73 | +0.166% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0010% | 1h | 311.90 | −0.100% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.07 | −0.045% | $49K | $661K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 312.01 | −0.065% | $1K | $854K | 5x | as long as short |
| Pacifica TAOlong | +0.0100% | 1h | 312.21 | long leg | $355K | $416K | 10x | |
| Binance TAOUSDT | +0.0100% | 4h | 312.09 | −0.041% | $89.3M | $502.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | +0.028% | $26.0M | $121.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.90 | −0.100% | $13.3M | $50.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.24 | +0.009% | $103.2M | $145.7M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.07 | −0.045% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.79 | −0.135% | $35.0M | $56.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.53 | +0.102% | $41K | $313K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.48 | +0.086% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.80 | +0.188% | $82K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.95 | +0.237% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.73 | +0.166% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.81 | +0.192% | $111K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.78 | +0.182% | $3.1M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.98 | +0.246% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0113% | 4h | 312.27 | +0.019% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0114% | 4h | 312.88 | +0.214% | $52K | $290K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0114% | 4h | 312.81 | +0.190% | $531K | $956K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0135% / S +0.0132% | 1h | 312.68 | +0.150% | $422K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 312.11 | −0.033% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0180% | 4h | 312.01 | −0.065% | — | $33.8M | — | as long as short |
| Bybit TAOUSDT | +0.0227% | 4h | 312.27 | +0.019% | $67.4M | $150.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.39 | +0.057% | $101K | $394K | 5x | as long as short |
| Nado TAO-PERP | +0.0316% | 1h | 313.05 | +0.268% | $790K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 311.93 | −0.090% | $909K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0325% | 4h | 312.94 | +0.232% | $5.5M | $10.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.98 | +0.246% | $4.5M | $10.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0383% | 1h | 312.89 | +0.219% | $13K | $1.8M | 25x | |
| Phoenix TAO | +0.0457% | 1h | 312.70 | +0.156% | $311K | $711K | 5x | as long as short |
| Bulk TAO-USD | +0.0468% | 1h | 310.75 | −0.468% | $165K | $333 | 10x | as long as short |
| Hyperliquid TAO | +0.0471% | 1h | 312.21 | 0.000% | $91.7M | $107.9M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 312.20 | −0.004% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0492% | 1h | 312.57 | +0.115% | $310K | $885K | 10x | as long as short |
| Lighter TAO | +0.0632% | 1h | 312.47 | +0.082% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.91 | +0.224% | $360 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.15 | −0.020% | $442K | $647K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 313.04 | +0.265% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.428% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Arcus TAO-USD
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Phoenix TAO
Bulk TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP