Funding you earn now, next payment 03:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.005%
Price spread now: Pacifica against Popdex+0.292%54s7-day average +0.008% · 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—prices read too far apart to compare
costs, in and out, $10k−$380.384% of the position
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.674%−$67 · spread now +0.292%, 7d avg +0.008%
=Together, before fees−0.666%+ Points / potential airdropPacifica: Active · farm board−$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Pacifica is 0.285% dearer against Popdex than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 54 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 4 days it paid 0.008% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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 | 319.20 | 0.0096 | pay 0.0012% / 1h | 38m 47s | $44K | $655K | 20x |
| Short | Pacifica TAO | 320.13 | 0.0448 | get 0.0056% / 1h | 38m 47s | $378K | $396K | 10x |
Popdex TAOUSDT
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $73.9
- Price spread: +0.292% → +0.008%
- $28.45
- Slippage, 4 orders
- −$24.04
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $63.91
- Costs to cover
- 0.384%
- Break-even
- 0.9 days
Slippage from Popdex: live order book, 25 min ago; Pacifica: live order book, 25 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, 25 min ago | 2.04 bp | 9.1 bp −$9 | 77.1 bp −$771 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 25 min ago | 3.77 bp | 10.5 bp −$11 | 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 | −0.3652% | 1h | 316.49 | −0.849% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.53 | +0.103% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.31 | −0.279% | $21K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 319.20 | long leg | $44K | $655K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 320.05 | +0.267% | $92.7M | $473.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.00 | +0.251% | $26.4M | $117.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.30 | +0.031% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 320.18 | +0.307% | $107.3M | $139.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.32 | +0.038% | $18.0M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.75 | +0.172% | $35.7M | $54.0M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 319.73 | +0.166% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.01 | −0.060% | $72K | $771K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.25 | +0.016% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.81 | −0.122% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.34 | +0.044% | $3.4M | $7.8M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0103% | 4h | 318.64 | −0.175% | $58K | $282K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.93 | −0.085% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 319.23 | +0.009% | $2K | $754K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 318.26 | −0.293% | $433K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.95 | −0.078% | $526K | $955K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0246% | 1h | 319.41 | +0.066% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0303% | 1h | 318.38 | −0.258% | $12K | $18K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0307% | 1h | 319.33 | +0.040% | $17K | $1.6M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0326% | 8h | 320.07 | +0.272% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0328% | 4h | 319.52 | +0.102% | $1.2M | $9.3M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.17 | −0.009% | $4.5M | $10.7M | 100x | as long as short |
| Pacifica TAOshort | +0.0448% | 1h | 320.13 | +0.292% | $378K | $396K | 10x | |
| Phoenix TAO | +0.0504% | 1h | 318.90 | −0.094% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 319.67 | +0.147% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0558% | 1h | 319.25 | +0.015% | $771K | $2.1M | 10x | as long as short |
| Bybit TAOUSDT | +0.0626% | 4h | 320.20 | +0.313% | $68.3M | $140.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0642% | 4h | 319.72 | +0.163% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 319.11 | −0.029% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0792% | 1h | 319.48 | +0.088% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.319% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0883% | 1h | 318.78 | −0.132% | $47K | $253K | 50x | as long as short |
| Lighter TAO | +0.0912% | 1h | 320.40 | +0.377% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 319.22 | +0.008% | $938K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.1002% | 1h | 319.88 | +0.213% | $440K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.48 | +0.088% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 319.31 | +0.034% | $454K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1394% | 1h | 320.42 | +0.382% | $100.7M | $98.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | +0.154% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
ApeX Omni TAOUSDT
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP