Funding you earn now, next payment 12:00 UTC−0.1787%/8h= −195.7% APRnext payment −$8.93 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex−0.002%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.002%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$54 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.419%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.419% in total (about 21.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.93 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 | Phemex TAOUSDT | 315.67 | 0.1954 | pay 0.0977% / 4h | 3h 55m | $3.2M | $8.1M | 50x |
| Short | Binance TAOUSDT | 315.66 | 0.0167 | get 0.0083% / 4h | 3h 55m | $92.3M | $532.0M | 75x |
Phemex TAOUSDT
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- −$375.23
- Price spread: −0.002% → −0.007%
- $0.49
- Slippage, 4 orders
- −$30.35
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$427.09
- Costs to cover
- 0.523%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Binance: 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 Phemex live order book, 4 min ago | 9.59 bp | 20.9 bp −$21 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.16 bp | 6.4 bp −$6 | 12.5 bp −$125 | 33.0 bp −$3,304 | 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 | 315.51 | −0.050% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.81 | +0.044% | $49K | $718K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 315.55 | −0.038% | $2K | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.90 | +0.073% | $26.3M | $130.8M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.09 | +0.450% | $168K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.40 | −0.086% | $14.7M | $48.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.64 | −0.010% | $17.8M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.62 | −0.016% | $35.5M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.55 | −0.038% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.64 | −0.010% | $1K | $2.0M | 20x | 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-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 315.26 | −0.130% | $115K | $590K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0101% / S +0.0141% | 1h | 315.40 | −0.086% | $402K | — | 100x | as long as short |
| dYdX TAO-USD | +0.0110% | 1h | 315.66 | −0.004% | $127K | $86K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 315.98 | +0.097% | $174K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0157% | 1h | 317.94 | +0.719% | $46K | $259K | 50x | as long as short |
| Binance TAOUSDTshort | +0.0167% | 4h | 315.66 | −0.002% | $92.3M | $532.0M | 75x | |
| MEXC TAO_USDT | +0.0170% | 4h | 315.80 | +0.041% | $103.6M | $151.2M | 300x | as long as short |
| edgeX TAOUSDC | +0.0175% | 4h | 318.15 | +0.785% | $42K | $319K | 10x | as long as short |
| BingX TAO-USDT | +0.0184% | 4h | 315.83 | +0.051% | — | $37.4M | — | as long as short |
| Orderly PERP_TAO_USDC | +0.0191% | 4h | 315.70 | +0.010% | $54K | $299K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.19 | +0.797% | $545K | $887K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0246% | 8h | 315.85 | +0.057% | $14K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0276% | 1h | 315.91 | +0.076% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 315.89 | +0.070% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 315.91 | +0.075% | $370K | $454K | 10x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 315.81 | +0.044% | $899K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0356% | 1h | 315.77 | +0.031% | $15K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 316.09 | +0.133% | $99K | $377K | 5x | as long as short |
| BloFin TAO-USDT | +0.0407% | 4h | 316.02 | +0.111% | $3.8M | $10.9M | 100x | as long as short |
| Hyperliquid TAO | +0.0425% | 1h | 315.95 | +0.089% | $93.4M | $110.4M | 5x | as long as short |
| Nado TAO-PERP | +0.0544% | 1h | 315.78 | +0.034% | $773K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0589% | 4h | 316.63 | +0.305% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.30 | +0.833% | $320K | $714K | 5x | as long as short |
| Lighter TAO | +0.0648% | 1h | 316.13 | +0.145% | $1.6M | $6.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 316.08 | +0.130% | $3K | $4K | 5x | as long as short |
| Bybit TAOUSDT | +0.0691% | 4h | 316.05 | +0.120% | $69.5M | $156.7M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 315.83 | +0.050% | $363 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0788% | 1h | 315.95 | +0.090% | $5.9M | $21.6M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0820% | 1h | 316.23 | +0.177% | $432K | $987K | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 315.73 | +0.019% | $443K | $666K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 316.54 | +0.276% | $1.2M | $7.3M | 50x | as long as short |
| Phemex TAOUSDTlong | +0.1954% | 4h | 315.67 | long leg | $3.2M | $8.1M | 50x | |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +1.977% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
dYdX TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
BingX TAO-USDT
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
BloFin TAO-USDT
Hyperliquid TAO
Nado TAO-PERP
Variational Omni TAO
Phoenix TAO
Lighter TAO
01 Exchange TAOUSD
Bybit TAOUSDT
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP