Funding you earn now, next payment 07:00 UTC−0.0316%/8h= −34.6% APRnext payment −$0.40 per $10,000 · paid last 24h −0.077%
Price spread now: Pacifica against Phoenix−0.618%47s7-day average −0.126% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.800%−$80 · spread now −0.618%, 7d avg −0.126%
=Together, before fees−0.959%+ Points / potential airdropPacifica: Active · farm board−$96 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.492% cheaper against Phoenix than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.126%). Swap the legs. The two prices were read 47 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 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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 | 319.30 | 0.0629 | pay 0.0079% / 1h | 1m 52s | $321K | $703K | 5x |
| Short | Pacifica TAO | 317.33 | 0.0313 | get 0.0039% / 1h | 1m 52s | $372K | $465K | 10x |
Phoenix TAO
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$66.41
- Price spread: −0.618% → −0.126%
- −$49.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$130.57
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 36 min ago; Pacifica: live order book, 37 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 Phoenix live order book, 36 min ago | 3.15 bp | 12.0 bp −$12 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 37 min ago | 3.47 bp | doesn't fit | doesn't fit | 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 | 316.80 | −0.784% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0068% | 1h | 317.07 | −0.697% | $127K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.95 | −0.736% | $48K | $717K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.50 | −0.564% | $26.4M | $131.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.90 | −0.752% | $14.8M | $52.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.98 | −0.727% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.36 | −0.608% | $35.8M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.75 | −0.799% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.63 | −0.836% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.26 | −0.952% | $116K | $590K | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0102% / S +0.0138% | 1h | 316.94 | −0.740% | $408K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 316.56 | −0.858% | $2K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 317.22 | −0.650% | $174K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0138% | 1h | 318.99 | −0.097% | $46K | $259K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0183% | 4h | 316.96 | −0.733% | $52K | $295K | 10x | as long as short |
| Binance TAOUSDT | +0.0184% | 4h | 317.28 | −0.632% | $92.8M | $533.0M | 75x | as long as short |
| MEXC TAO_USDT | +0.0188% | 4h | 317.13 | −0.680% | $103.8M | $153.0M | 300x | as long as short |
| edgeX TAOUSDC | +0.0195% | 4h | 319.07 | −0.072% | $42K | $320K | 10x | as long as short |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | −0.431% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0257% | 8h | 317.41 | −0.592% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0280% | 4h | 317.21 | −0.655% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0284% | 4h | 317.58 | −0.539% | $69.8M | $157.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0300% | 1h | 316.78 | −0.789% | $12K | $17K | 20x | as long as short |
| Pacifica TAOshort | +0.0313% | 1h | 317.33 | −0.618% | $372K | $465K | 10x | |
| GRVT TAO_USDT_Perp | +0.0314% | 4h | 318.68 | −0.195% | $542K | $896K | 10x | as long as short |
| Aster TAOUSDT | +0.0341% | 4h | 317.30 | −0.627% | $1.3M | $11.1M | 50x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 316.99 | −0.723% | $901K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0429% | 4h | 317.56 | −0.545% | $4.7M | $10.9M | 100x | as long as short |
| Phemex TAOUSDT | +0.0465% | 4h | 317.19 | −0.661% | $3.2M | $8.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.35 | −0.611% | $100K | $383K | 5x | as long as short |
| Nado TAO-PERP | +0.0484% | 1h | 317.00 | −0.722% | $773K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0527% | 1h | 317.07 | −0.698% | $15K | $1.9M | 25x | as long as short |
| Variational Omni TAO | +0.0574% | 4h | 318.65 | −0.203% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAOlong | +0.0629% | 1h | 319.30 | long leg | $321K | $703K | 5x | |
| Lighter TAO | +0.0640% | 1h | 317.35 | −0.610% | $1.6M | $6.9M | 5x | as long as short |
| Hyperliquid TAO | +0.0677% | 1h | 317.74 | −0.489% | $94.0M | $110.2M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 317.06 | −0.702% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.08 | −0.694% | $365 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0724% | 1h | 317.17 | −0.667% | $433K | $992K | 10x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 316.86 | −0.764% | $448K | $669K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0835% | 1h | 317.24 | −0.645% | $6.0M | $21.7M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.43 | −0.586% | $1.3M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.44 | +0.983% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Bulk TAO-USD
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Arcus TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP