Funding you earn now, next payment 08:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.098%
Price spread now: SunX against Phoenix−0.214%69s7-day average −0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.366%+$37 · spread now −0.214%, 7d avg −0.124%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.091% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.124%). Swap the legs. The two prices were read 69 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 -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment. 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 | 321.70 | 0.0578 | pay 0.0072% / 1h | 3m 57s | $324K | $714K | 5x |
| Short | SunX TAO-USDT | 321.01 | 0.0100 | get 0.0050% / 4h | 3h 03m | $2K | $1.9M | 20x |
Phoenix TAO
SunX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$100.47
- Price spread: −0.214% → −0.124%
- −$9.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$124.57
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 29 min ago; SunX: live order book, 2 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, 29 min ago | 3.18 bp | 12.1 bp −$12 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 500.12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0241% | 1h | 318.85 | −0.887% | $169K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 321.07 | −0.196% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.75 | +0.016% | $51K | $700K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 322.77 | +0.333% | $71.1M | $154.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.80 | +0.342% | $26.7M | $131.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.40 | −0.093% | $15.3M | $50.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.06 | −0.199% | $17.5M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.99 | +0.401% | $36.4M | $56.5M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.57 | −0.040% | $89K | $1.1M | 5x | as long as short |
| SunX TAO-USDTshort | +0.0100% | 4h | 321.01 | −0.214% | $2K | $1.9M | 20x |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 321.57 | −0.040% | $117K | $547K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.90 | −0.249% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 321.76 | +0.019% | $3K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 321.05 | −0.200% | $176K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 322.36 | +0.204% | $94.3M | $518.0M | 75x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 321.16 | −0.168% | $104.9M | $155.9M | 300x | as long as short |
| BingX TAO-USDT | +0.0162% | 4h | 321.60 | −0.031% | — | $38.9M | — | as long as short |
| edgeX TAOUSDC | +0.0166% | 4h | 320.97 | −0.227% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0220% | 8h | 322.13 | +0.135% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0241% | 4h | 321.12 | −0.180% | $55K | $272K | 10x | as long as short |
| Bullet TAO-USD | +0.0273% | 1h | 321.53 | −0.054% | $13K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0281% | 1h | 321.06 | −0.199% | $45K | $256K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0294% | 4h | 320.78 | −0.286% | $547K | $825K | 10x | as long as short |
| Extended TAO-USD | +0.0304% | 1h | 323.39 | +0.526% | $977K | $2.2M | 25x | as long as short |
| Aster TAOUSDT | +0.0322% | 4h | 321.89 | +0.058% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 321.90 | +0.062% | $374K | $439K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0368% / S −0.0109% | 1h | 321.09 | −0.189% | $381K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0399% | 4h | 321.75 | +0.016% | $4.8M | $11.0M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 322.10 | +0.124% | $102K | $333K | 5x | as long as short |
| Nado TAO-PERP | +0.0412% | 1h | 321.47 | −0.071% | $757K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0441% | 1h | 321.18 | −0.162% | $20K | $1.9M | 25x | as long as short |
| dYdX TAO-USD | +0.0513% | 1h | 321.45 | −0.079% | $129K | $87K | 5x | as long as short |
| Variational Omni TAO | +0.0551% | 4h | 321.24 | −0.142% | $5.7M | $9.8M | — | as long as short |
| Lighter TAO | +0.0568% | 1h | 321.41 | −0.090% | $1.6M | $6.8M | 5x | as long as short |
| Phoenix TAOlong | +0.0578% | 1h | 321.70 | long leg | $324K | $714K | 5x | |
| 01 Exchange TAOUSD | +0.0640% | 1h | 322.02 | +0.099% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0657% | 1h | 322.08 | +0.118% | $96.1M | $108.9M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 321.30 | −0.123% | $369 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0704% | 1h | 321.67 | −0.009% | $319K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0775% | 1h | 321.35 | −0.108% | $6.3M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 321.38 | −0.100% | $439K | $711K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.23 | +0.165% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 322.62 | +0.286% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
Bullet TAO-USD
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
dYdX TAO-USD
Variational Omni TAO
Lighter TAO
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP