Funding you earn now, next payment 05:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.092%
Price spread now: Phoenix against SunX−0.637%51s7-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+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.646%+$65 · spread now −0.637%, 7d avg +0.124%
=Funding pays, the price is against you. Phoenix is 0.761% cheaper against SunX than usual: you would sell low and buy high (spread −0.637% now, against its 7-day average of +0.124%). If the spread goes back, that is −$76 on $10k: about 6.1 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.163% in total) that is about 33 days. The two prices were read 51 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 0.163% in total (about 8.5% 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 | SunX TAO-USDT | 318.73 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $2K | $1.9M | 20x |
| Short | Phoenix TAO | 316.70 | 0.0513 | get 0.0064% / 1h | 19m 35s | $315K | $713K | 5x |
SunX TAO-USDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $86.69
- Price spread: −0.637% → +0.124%
- −$76.06
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.36
- Costs to cover
- 0.150%
- Break-even
- 7.4 days
Slippage unknown: SunX: live order book, 6 min ago; Phoenix: live order book, 28 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 SunX live order book, 6 min ago | 499.03 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 3.18 bp | 14.9 bp −$15 | 18.0 bp −$180 | 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 | −0.0038% | 1h | 313.74 | −1.566% | $167K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.02 | +0.090% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0038% | 1h | 319.04 | +0.098% | $127K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.69 | +0.301% | $91.8M | $511.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.10 | +0.116% | $26.8M | $125.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.10 | +0.116% | $14.2M | $51.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.58 | +0.267% | $99.9M | $147.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.36 | +0.198% | $17.6M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.83 | +0.031% | $36.0M | $57.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.55 | −0.056% | $42K | $316K | 10x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.12 | +0.122% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDTlong | +0.0100% | 4h | 318.73 | long leg | $2K | $1.9M | 20x | |
| HTX TAO-USDT | +0.0100% | 4h | 319.27 | +0.169% | $116K | $563K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.86 | +0.355% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.86 | +0.042% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 319.46 | +0.229% | $654 | $938K | 5x | as long as short |
| Popdex TAOUSDT | +0.0112% | 1h | 319.73 | +0.314% | $53K | $670K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 319.07 | +0.107% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0128% / S +0.0141% | 1h | 318.89 | +0.051% | $428K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 319.52 | +0.248% | $364K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0253% | 4h | 319.37 | +0.201% | $1.3M | $10.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0255% | 1h | 319.30 | +0.178% | $804K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0278% | 8h | 319.67 | +0.295% | $15K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0299% | 1h | 319.22 | +0.153% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0331% | 1h | 319.32 | +0.185% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.38 | −0.110% | $4.6M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0374% | 4h | 315.91 | −0.883% | $537K | $923K | 10x | as long as short |
| Bybit TAOUSDT | +0.0399% | 4h | 319.31 | +0.182% | $69.7M | $153.2M | 50x | as long as short |
| BingX TAO-USDT | +0.0402% | 4h | 319.49 | +0.238% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | −0.066% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 319.86 | +0.355% | $103K | $345K | 5x | as long as short |
| Extended TAO-USD | +0.0496% | 1h | 319.43 | +0.218% | $911K | $2.4M | 25x | as long as short |
| Phoenix TAOshort | +0.0513% | 1h | 316.70 | −0.637% | $315K | $713K | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0564% | 1h | 319.07 | +0.107% | $15K | $1.8M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0574% | 1h | 315.18 | −1.114% | $45K | $256K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 319.09 | +0.114% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0800% | 1h | 320.51 | +0.558% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0816% | 1h | 319.65 | +0.290% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAO | +0.0819% | 1h | 319.40 | +0.210% | $93.7M | $109.1M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0844% | 1h | 320.10 | +0.430% | $317K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 320.16 | +0.449% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 319.68 | +0.298% | $461K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +0.235% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Popdex TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Bybit TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Arcus TAO-USD
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP