Funding you earn now, next payment 11:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.046%
Price spread now: Deribit against Aevo−0.061%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.061%, 7d avg −0.015%
=Funding pays, the price is against you. Deribit is 0.046% cheaper against Aevo than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.015%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo TAO-PERP | 315.98 | 0.0112 | pay 0.0014% / 1h | 48m 35s | $174K | $998 | 3x |
| Short | Deribit TAO_USDC-PERPETUAL | 315.79 | 0.0364 | get 0.0046% / 1h | 48m 35s | $15K | $1.9M | 25x |
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- $52.92
- Price spread: −0.061% → −0.015%
- −$4.62
- Slippage, 4 orders
- −$92.38
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$67.08
- Costs to cover
- 1.154%
- Break-even
- 15.9 days
Slippage from Aevo: live order book, 63 min ago; Deribit: live order book, 3 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 Aevo live order book, 63 min ago | 34.56 bp | 47.8 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 4.74 bp | 8.8 bp −$9 | 15.2 bp −$152 | doesn't fit | doesn't fit |
TAO on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 316.86 | +0.277% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.82 | −0.052% | $50K | $632K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.80 | −0.058% | $26.8M | $128.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.60 | −0.121% | $15.7M | $47.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.74 | −0.077% | $17.5M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.67 | −0.099% | $35.8M | $56.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.75 | +0.243% | $45K | $253K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.60 | −0.121% | $81K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.64 | −0.109% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.87 | −0.036% | $112K | $564K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0104% | 8h | 315.72 | −0.083% | $890 | $1.3M | 5x | as long as short |
| Aevo TAO-PERPlong | +0.0112% | 1h | 315.98 | long leg | $174K | $998 | 3x | |
| Bybit TAOUSDT | +0.0120% | 4h | 315.93 | −0.017% | $69.2M | $155.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0136% | 4h | 315.82 | −0.052% | $92.9M | $511.0M | 75x | as long as short |
| MEXC TAO_USDT | +0.0136% | 4h | 316.00 | +0.005% | $105.6M | $147.5M | 300x | as long as short |
| edgeX TAOUSDC | +0.0141% | 4h | 316.70 | +0.227% | $42K | $324K | 10x | as long as short |
| BingX TAO-USDT | +0.0146% | 4h | 315.93 | −0.017% | — | $38.0M | — | as long as short |
| Lighter TAO | +0.0176% | 1h | 315.95 | −0.011% | $1.6M | $6.6M | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0203% | 8h | 315.98 | −0.001% | $14K | $876 | 10x | as long as short |
| Phemex TAOUSDT | +0.0209% | 4h | 316.02 | +0.012% | $3.2M | $8.1M | 50x | as long as short |
| Extended TAO-USD | +0.0216% | 1h | 315.79 | −0.060% | $954K | $2.1M | 25x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 315.98 | −0.002% | $374K | $456K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0254% | 4h | 315.81 | −0.055% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0262% | 4h | 317.12 | +0.360% | $541K | $805K | 10x | as long as short |
| Bullet TAO-USD | +0.0264% | 1h | 315.92 | −0.020% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0303% | 4h | 315.83 | −0.049% | $1.2M | $11.2M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0360% / S −0.0107% | 1h | 316.55 | +0.178% | $372K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0364% | 1h | 315.79 | −0.061% | $15K | $1.9M | 25x | |
| BloFin TAO-USDT | +0.0380% | 4h | 316.03 | +0.015% | $4.9M | $10.4M | 100x | as long as short |
| Nado TAO-PERP | +0.0391% | 1h | 315.89 | −0.030% | $694K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0444% | 4h | 316.43 | +0.143% | $5.7M | $9.8M | — | as long as short |
| Hyperliquid TAO | +0.0477% | 1h | 315.97 | −0.004% | $95.1M | $107.1M | 5x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 316.22 | +0.075% | $100K | $310K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 315.99 | +0.002% | $3K | $2K | 5x | as long as short |
| Phoenix TAO | +0.0650% | 1h | 316.90 | +0.290% | $319K | $710K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0659% | 1h | 316.10 | +0.037% | $297K | $1.1M | 10x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 315.77 | −0.068% | $436K | $672K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 316.32 | +0.107% | $1.1M | $7.6M | 50x | as long as short |
| dYdX TAO-USD | +0.0696% | 1h | 315.77 | −0.067% | $266K | $230K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 316.25 | +0.086% | $364 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0807% | 1h | 318.75 | +0.876% | $169K | $0 | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0932% | 1h | 316.00 | +0.004% | $6.2M | $19.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4405% | 1h | 320.28 | +1.360% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Bybit TAOUSDT
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
BingX TAO-USDT
Lighter TAO
Paradex TAO-USD-PERP
Phemex TAOUSDT
Extended TAO-USD
Pacifica TAO
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Nado TAO-PERP
Variational Omni TAO
Hyperliquid TAO
Arcus TAO-USD
01 Exchange TAOUSD
Phoenix TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
dYdX TAO-USD
Reya TAORUSDPERP
Bulk TAO-USD
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP