Funding you earn now, next payment 07:00 UTC+0.0234%/8h= +25.7% APRpaid last 24h −0.009%
Price spread now: Bybit against ApeX Omni−0.203%99s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.203%, 7d avg +0.001%
=Funding pays, the price is against you. Bybit is 0.204% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of +0.001%). If the spread goes back, that is −$20 on $10k: about 2.9 days of funding at the current rate (+$7 a day). The two prices were read 99 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 -0.019% in total (about -1.0% 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 | ApeX Omni TAOUSDT | 320.35 | 0.0100 | pay 0.0013% / 1h | 27m 52s | $45K | $259K | 50x |
| Short | Bybit TAOUSDT | 319.70 | 0.0334 | get 0.0167% / 4h | 1h 27m | $70.0M | $156.1M | 50x |
ApeX Omni TAOUSDT
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. 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
- $49.2
- Price spread: −0.203% → +0.001%
- −$20.41
- Slippage, 4 orders
- −$24.75
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.96
- Costs to cover
- 0.458%
- Break-even
- 9.4 days
Slippage from ApeX Omni: live order book, 14 min ago; Bybit: live order book, 1 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 ApeX Omni live order book, 14 min ago | 4.38 bp | 11.4 bp −$11 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.16 bp | 9.0 bp −$9 | 16.4 bp −$164 | 40.7 bp −$4,066 | 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 | −0.1995% | 1h | 319.47 | −0.275% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.381% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.02 | −0.415% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.13 | −0.381% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.60 | −0.234% | $26.7M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.20 | −0.359% | $14.3M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.51 | −0.262% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.43 | −0.287% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 320.35 | long leg | $45K | $259K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.06 | −0.403% | $91K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget 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 | 319.13 | −0.381% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.75 | −0.499% | $118K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.00 | −0.421% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 318.95 | −0.437% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.41 | −0.292% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.26 | −0.340% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | −0.167% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.61 | −0.231% | $105.7M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 319.71 | −0.200% | $92.6M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 319.14 | −0.377% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0295% | 4h | 319.54 | −0.253% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.53 | −0.256% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDTshort | +0.0334% | 4h | 319.70 | −0.203% | $70.0M | $156.1M | 50x | |
| BingX TAO-USDT | +0.0345% | 4h | 319.63 | −0.225% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0387% | 1h | 319.39 | −0.300% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | −0.242% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | −0.309% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 319.60 | −0.234% | $911K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.31 | −0.326% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | −0.094% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0556% | 1h | 319.13 | −0.382% | $794K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.359% | $318K | $709K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.41 | −0.293% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0633% | 1h | 319.56 | −0.247% | $94.4M | $110.3M | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.56 | −0.247% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | −0.344% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0706% | 1h | 319.43 | −0.287% | $298K | $905K | 10x | as long as short |
| Lighter TAO | +0.0728% | 1h | 319.53 | −0.256% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0751% | 1h | 319.33 | −0.318% | $15K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.103% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.04 | −0.408% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.35 | −0.313% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.965% | $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
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Hyperliquid TAO
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP