Funding you earn now, next payment 07:00 UTC−0.2115%/8h= −231.6% APRnext payment −$2.64 per $10,000 · paid last 24h −0.330%
Price spread now: Bulk against Popdex+0.279%7-day average −0.105% · 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+$12as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 4 days (all we have)−0.378%−$38 on $10k
+Price spread, last 4 days (all we have)−0.424%−$42 · spread now +0.279%, 7d avg −0.105%
=The price spread pays, funding is against you. Bulk is 0.384% dearer against Popdex than usual: you sell high and buy low (spread +0.279% now, against its 7-day average of −0.105%): +$38 on $10k if it goes back. Holding the pair costs −$63 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.378% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.378% in total (about -37.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.64 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 | 318.76 | 0.0096 | pay 0.0012% / 1h | 34m 52s | $42K | $705K | 20x |
| Short | Bulk TAO-USD | 319.65 | −0.2019 | pay 0.0252% / 1h | 34m 52s | $170K | $333 | 10x |
Popdex TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$444.11
- Price spread: +0.279% → −0.105%
- $38.43
- Slippage, 4 orders
- −$12.89
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$431.96
- Costs to cover
- 0.263%
- Break-even
- from the start
Slippage from Popdex: live order book, 9 min ago; Bulk: live order book, 9 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, 9 min ago | 0.47 bp | 8.8 bp −$9 | 87.0 bp −$870 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 9 min ago | 0.16 bp | 3.7 bp −$4 | 4.6 bp −$46 | 6.0 bp −$601 | 11.5 bp −$5,743 |
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-USDshort | −0.2019% | 1h | 319.65 | +0.279% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 318.44 | −0.100% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.52 | −0.074% | $20K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 318.76 | long leg | $42K | $705K | 20x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.80 | +0.013% | $26.7M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.90 | +0.044% | $14.2M | $51.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.74 | −0.006% | $17.8M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.54 | −0.069% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.10 | +0.107% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.78 | +0.006% | $80K | $1.1M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.87 | +0.035% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.21 | −0.173% | $118K | $589K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 318.66 | −0.031% | $723 | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0119% / S +0.0148% | 1h | 318.97 | +0.065% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.20 | +0.139% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.12 | +0.113% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0159% | 4h | 319.21 | +0.142% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0159% | 4h | 318.77 | +0.003% | $92.2M | $528.3M | 75x | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 318.82 | +0.019% | $104.8M | $149.8M | 300x | as long as short |
| Paradex TAO-USD-PERP | +0.0256% | 8h | 318.48 | −0.087% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0307% | 4h | 318.92 | +0.050% | $3.2M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0313% | 4h | 318.94 | +0.056% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0349% | 4h | 318.93 | +0.053% | $69.7M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0370% | 4h | 318.76 | 0.000% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0380% | 1h | 319.18 | +0.131% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0388% | 4h | 318.88 | +0.038% | $543K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0399% | 4h | 318.66 | −0.031% | $4.7M | $11.0M | 100x | as long as short |
| Extended TAO-USD | +0.0472% | 1h | 318.89 | +0.042% | $912K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 318.61 | −0.047% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 318.75 | −0.003% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.70 | +0.295% | $318K | $709K | 5x | as long as short |
| Nado TAO-PERP | +0.0610% | 1h | 319.02 | +0.081% | $796K | $2.1M | 10x | as long as short |
| Hyperliquid TAO | +0.0614% | 1h | 319.22 | +0.144% | $94.4M | $110.1M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 318.79 | +0.009% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.81 | +0.329% | $103K | $394K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0673% | 1h | 319.27 | +0.160% | $297K | $905K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0676% | 1h | 319.17 | +0.129% | $11K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.13 | +0.117% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0832% | 1h | 319.38 | +0.196% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.89 | +0.668% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.12 | +0.114% | $456K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.26 | +0.155% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.528% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
Binance TAOUSDT
MEXC TAO_USDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Nado TAO-PERP
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP