Funding you earn now, next payment 02:00 UTC+0.0194%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.001%
Price spread now: ApeX Omni against Popdex+0.426%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+1.164%+$116 · spread now +0.426%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.389% dearer against Popdex than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.037%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.004% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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 | Popdex TAOUSDT | 309.64 | 0.0096 | pay 0.0012% / 1h | 47m 32s | $47K | $618K | 20x |
| Short | ApeX Omni TAOUSDT | 310.96 | 0.0290 | get 0.0036% / 1h | 47m 32s | $47K | $268K | 50x |
Popdex TAOUSDT
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Popdex. 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
- $40.79
- Price spread: +0.426% → +0.037%
- $38.9
- Slippage, 4 orders
- −$32.3
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $31
- Costs to cover
- 0.487%
- Break-even
- 1.7 days
Slippage from Popdex: live order book, 21 min ago; ApeX Omni: live order book, 19 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 Popdex live order book, 21 min ago | 1.74 bp | 8.7 bp −$9 | 89.2 bp −$892 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 5.51 bp | 16.5 bp −$17 | 129.1 bp −$1,291 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 309.14 | −0.161% | $124K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 309.63 | −0.003% | $12K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 309.64 | long leg | $47K | $618K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 309.50 | −0.045% | $88.8M | $459.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 309.50 | −0.045% | $25.2M | $108.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 309.30 | −0.110% | $12.6M | $49.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 309.50 | −0.045% | $100.8M | $136.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 309.44 | −0.065% | $18.0M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 309.45 | −0.061% | $34.4M | $52.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.23 | +0.514% | $34K | $299K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.49 | +0.596% | $519K | $964K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 310.05 | +0.132% | $56K | $321K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 309.99 | +0.113% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.29 | +0.210% | $127K | $473K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.31 | +0.217% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 309.72 | +0.026% | $634 | $673K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0170% | 1h | 310.33 | +0.222% | $5.6M | $20.4M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0170% / S +0.0092% | 1h | 309.58 | −0.020% | $427K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0182% | 4h | 309.75 | +0.035% | $1.3M | $9.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0230% | 1h | 310.03 | +0.125% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0263% | 8h | 309.51 | −0.041% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 309.62 | −0.008% | $365K | $378K | 10x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0290% | 1h | 310.96 | +0.426% | $47K | $268K | 50x | |
| Arcus TAO-USD | +0.0337% | 1h | 309.95 | +0.100% | $82K | $551K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0339% | 1h | 310.07 | +0.138% | $15K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.16 | +0.491% | $4.4M | $10.7M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0341% | 1h | 310.27 | +0.203% | $89K | $673K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 315.63 | +1.935% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0537% | 1h | 309.91 | +0.086% | $761K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 310.60 | +0.310% | $325K | $681K | 5x | as long as short |
| Phemex TAOUSDT | +0.0629% | 4h | 310.71 | +0.346% | $3.4M | $7.9M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 310.02 | +0.123% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0682% | 4h | 311.59 | +0.629% | $5.4M | $8.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 309.80 | +0.053% | $356 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0729% | 4h | 309.60 | −0.013% | — | $31.0M | — | as long as short |
| Bybit TAOUSDT | +0.0785% | 4h | 309.72 | +0.026% | $63.2M | $135.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0894% | 1h | 310.63 | +0.320% | $314K | $816K | 10x | as long as short |
| Extended TAO-USD | +0.0992% | 1h | 309.56 | −0.027% | $891K | $2.4M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 311.28 | +0.530% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 309.92 | +0.090% | $411K | $604K | 5x | as long as short |
| Hyperliquid TAO | +0.1296% | 1h | 310.30 | +0.214% | $98.5M | $92.6M | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 309.85 | +0.067% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.3743% | 1h | 312.40 | +0.891% | $166K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Polymarket Perps TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
Phemex TAOUSDT
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD