Funding you earn now, next payment 09:00 UTC−0.0385%/8h= −42.2% APRpaid last 24h −0.075%
Price spread now: Paradex against Phoenix−0.440%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Paradex is 0.440% cheaper against Phoenix than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TAO | 319.00 | 0.0567 | pay 0.0071% / 1h | 19m 39s | $321K | $712K | 5x |
| Short | Paradex TAO-USD-PERP | 317.60 | 0.0182 | get 0.0182% / 8h | 6h 19m | $14K | $876 | 10x |
Phoenix TAO
Paradex TAO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$80.91
- Price spread: −0.440% → 0.000%
- −$43.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$135.89
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 31 min ago; Paradex: no order-book sample. 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, 31 min ago | 3.13 bp | 19.0 bp −$19 | 85.3 bp −$853 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TAO on 43 exchanges
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-USD | −0.1080% | 1h | 318.61 | −0.122% | $169K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 318.01 | −0.311% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.10 | −0.282% | $51K | $633K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 317.70 | −0.408% | $69.5M | $155.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.50 | −0.470% | $27.0M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.60 | −0.439% | $15.6M | $49.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.55 | −0.455% | $17.6M | $31.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.24 | −0.552% | $36.0M | $56.8M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.33 | +0.103% | $45K | $256K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.72 | −0.401% | $81K | $1.1M | 5x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 317.78 | −0.382% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.89 | −0.348% | $117K | $557K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.93 | −0.335% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 318.00 | −0.313% | $2K | $1.3M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 317.82 | −0.371% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0128% | 4h | 319.40 | +0.126% | $42K | $323K | 10x | as long as short |
| MEXC TAO_USDT | +0.0132% | 4h | 317.70 | −0.408% | $110.5M | $151.8M | 300x | as long as short |
| BingX TAO-USDT | +0.0132% | 4h | 317.53 | −0.461% | — | $39.0M | — | as long as short |
| Binance TAOUSDT | +0.0132% | 4h | 317.70 | −0.408% | $93.3M | $516.1M | 75x | as long as short |
| Paradex TAO-USD-PERPshort | +0.0182% | 8h | 317.60 | −0.440% | $14K | $876 | 10x | |
| Extended TAO-USD | +0.0216% | 1h | 317.76 | −0.390% | $963K | $2.1M | 25x | as long as short |
| Orderly PERP_TAO_USDC | +0.0249% | 4h | 317.77 | −0.386% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0256% | 4h | 318.62 | −0.118% | $541K | $814K | 10x | as long as short |
| Pacifica TAO | +0.0301% | 1h | 317.72 | −0.401% | $371K | $448K | 10x | as long as short |
| Aster TAOUSDT | +0.0305% | 4h | 317.77 | −0.387% | $1.2M | $11.3M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0361% / S −0.0107% | 1h | 317.45 | −0.484% | $373K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0364% | 1h | 318.01 | −0.310% | $100K | $325K | 5x | as long as short |
| Lighter TAO | +0.0368% | 1h | 317.71 | −0.404% | $1.6M | $6.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0372% | 4h | 318.45 | −0.172% | $4.9M | $10.5M | 100x | as long as short |
| Bullet TAO-USD | +0.0385% | 1h | 317.91 | −0.341% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0410% | 4h | 318.32 | −0.213% | $5.7M | $9.8M | — | as long as short |
| Nado TAO-PERP | +0.0447% | 1h | 317.84 | −0.364% | $712K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0557% | 1h | 317.74 | −0.395% | $14K | $1.9M | 25x | as long as short |
| Phoenix TAOlong | +0.0567% | 1h | 319.00 | long leg | $321K | $712K | 5x | |
| dYdX TAO-USD | +0.0633% | 1h | 317.45 | −0.487% | $268K | $235K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0660% | 1h | 317.85 | −0.361% | $298K | $1.1M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0684% | 1h | 317.92 | −0.338% | $6.2M | $20.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.81 | −0.373% | $365 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0701% | 1h | 317.97 | −0.324% | $439K | $704K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 318.53 | −0.147% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0791% | 1h | 317.88 | −0.351% | $95.9M | $108.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0832% | 1h | 318.47 | −0.166% | $1.1M | $7.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3320% | 1h | 322.26 | +1.022% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
BingX TAO-USDT
Binance TAOUSDT
Extended TAO-USD
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Lighter TAO
BloFin TAO-USDT
Bullet TAO-USD
Variational Omni TAO
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
dYdX TAO-USD
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
Reya TAORUSDPERP
RISEx TAO/USDC
01 Exchange TAOUSD
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP