Funding you earn now, next payment 07:00 UTC−0.0269%/8h= −29.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.019%
Price spread now: Extended against Phoenix−0.395%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−1.054%−$105 · spread now −0.395%, 7d avg −0.174%
=Together, before fees−1.132%+ Points / potential airdropExtended: Active · farm board−$113 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.221% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.174%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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 | Phoenix TAO | 319.50 | 0.0629 | pay 0.0079% / 1h | 40m 51s | $318K | $703K | 5x |
| Short | Extended TAO-USD | 318.24 | 0.0360 | get 0.0045% / 1h | 40m 51s | $908K | $2.4M | 25x |
Phoenix TAO
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- −$56.52
- Price spread: −0.395% → −0.174%
- −$22.14
- Slippage, 4 orders
- −$38.95
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$129.61
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; Extended: 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 Phoenix live order book, 62 min ago | 3.12 bp | 19.0 bp −$19 | 86.7 bp −$867 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.82 bp | 6.8 bp −$7 | 8.9 bp −$89 | 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 −0.0005% | 1h | 318.72 | −0.244% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0050% | 1h | 318.66 | −0.263% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.00 | −0.156% | $44K | $709K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.10 | −0.438% | $26.4M | $130.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.20 | −0.407% | $14.5M | $51.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.22 | −0.401% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.84 | −0.520% | $35.8M | $58.0M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.82 | −0.213% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.50 | −0.313% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.49 | −0.316% | $116K | $604K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0107% | 8h | 318.61 | −0.279% | $3K | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0108% / S +0.0133% | 1h | 318.66 | −0.262% | $410K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.01 | −0.153% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0150% | 4h | 318.86 | −0.200% | $53K | $293K | 10x | as long as short |
| edgeX TAOUSDC | +0.0183% | 4h | 318.77 | −0.227% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0184% | 4h | 318.42 | −0.338% | $100.3M | $151.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0184% | 4h | 318.33 | −0.366% | $92.3M | $529.6M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0250% | 8h | 318.89 | −0.191% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0290% | 4h | 318.39 | −0.347% | $69.8M | $156.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0298% | 4h | 318.33 | −0.366% | — | $37.0M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0309% | 1h | 318.62 | −0.275% | $46K | $260K | 50x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 318.95 | −0.173% | $362K | $429K | 10x | as long as short |
| Bulk TAO-USD | +0.0314% | 1h | 317.73 | −0.554% | $169K | $333 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0334% | 4h | 318.97 | −0.165% | $544K | $926K | 10x | as long as short |
| Bullet TAO-USD | +0.0336% | 1h | 319.02 | −0.149% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0342% | 4h | 318.23 | −0.398% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USDshort | +0.0360% | 1h | 318.24 | −0.395% | $908K | $2.4M | 25x | |
| Deribit TAO_USDC-PERPETUAL | +0.0423% | 1h | 318.87 | −0.197% | $15K | $2.0M | 25x | as long as short |
| BloFin TAO-USDT | +0.0424% | 4h | 318.98 | −0.163% | $4.7M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 319.02 | −0.150% | $103K | $381K | 5x | as long as short |
| Phemex TAOUSDT | +0.0500% | 4h | 318.74 | −0.238% | $3.2M | $8.2M | 50x | as long as short |
| Nado TAO-PERP | +0.0509% | 1h | 318.78 | −0.226% | $790K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0537% | 4h | 318.96 | −0.168% | $5.6M | $10.2M | — | as long as short |
| Lighter TAO | +0.0560% | 1h | 319.15 | −0.109% | $1.6M | $6.9M | 5x | as long as short |
| Phoenix TAOlong | +0.0629% | 1h | 319.50 | long leg | $318K | $703K | 5x | |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.86 | −0.201% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0754% | 1h | 319.08 | −0.131% | $294K | $906K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 319.15 | −0.110% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0787% | 1h | 319.24 | −0.081% | $94.4M | $110.2M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0831% | 1h | 318.95 | −0.173% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 318.61 | −0.279% | $450K | $670K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 319.51 | +0.003% | $1.5M | $6.9M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.94 | +1.077% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
ApeX Omni TAOUSDT
Pacifica TAO
Bulk TAO-USD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Arcus TAO-USD
Phemex TAOUSDT
Nado TAO-PERP
Variational Omni TAO
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Hyperliquid TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP