Funding you earn now, next payment 05:00 UTC−0.0393%/8h= −43.1% APRpaid last 24h −0.070%
Price spread now: edgeX against Backpack+0.021%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now +0.021%, 7d avg −0.044%
=Together, before fees+0.181%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.065% dearer against Backpack than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.044%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.128% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% 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 | Backpack TAO_USDC_PERP | 310.94 | 0.0493 | pay 0.0062% / 1h | 22m 49s | $309K | $885K | 10x |
| Short | edgeX TAOUSDC | 311.00 | 0.0100 | get 0.0050% / 4h | 3h 22m | $41K | $312K | 10x |
Backpack TAO_USDC_PERP
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. 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
- −$82.59
- Price spread: +0.021% → −0.044%
- $6.49
- Slippage, 4 orders
- −$17.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$112.32
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 31 min ago; edgeX: live order book, 30 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 Backpack live order book, 31 min ago | 2.55 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 30 min ago | 4.77 bp | 9.3 bp −$9 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0349% | 1h | 310.85 | −0.030% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.72 | −0.071% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0013% | 1h | 310.54 | −0.127% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.86 | −0.026% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 310.60 | −0.109% | $2K | $843K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 310.76 | −0.058% | $354K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.67 | −0.085% | $89.0M | $500.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 310.77 | −0.055% | $66.9M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.60 | −0.109% | $25.9M | $120.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.60 | −0.109% | $13.2M | $50.2M | 50x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 310.60 | −0.109% | $101.9M | $145.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.72 | −0.071% | $17.7M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.31 | −0.203% | $34.8M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.82 | −0.039% | — | $33.5M | — | as long as short |
| edgeX TAOUSDCshort | +0.0100% | 4h | 311.00 | +0.021% | $41K | $312K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.69 | −0.079% | $528K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 310.75 | −0.061% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.70 | −0.077% | $79K | $900K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 310.98 | +0.012% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.77 | −0.055% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.34 | −0.193% | $109K | $541K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.97 | +0.010% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0104% | 4h | 310.80 | −0.044% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 310.86 | −0.026% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 310.71 | −0.072% | $412K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 310.57 | −0.118% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0206% | 4h | 310.93 | −0.003% | $3.2M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.12 | +0.058% | $101K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0294% | 4h | 311.14 | +0.063% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 310.69 | −0.080% | $904K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.10 | +0.051% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0353% | 1h | 310.71 | −0.073% | $783K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0456% | 1h | 310.80 | −0.045% | $91.3M | $107.7M | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 311.10 | +0.051% | $310K | $711K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 311.02 | +0.026% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0493% | 1h | 310.94 | long leg | $309K | $885K | 10x | |
| Lighter TAO | +0.0576% | 1h | 310.94 | −0.001% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0646% | 1h | 311.01 | +0.021% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.85 | −0.030% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.88 | −0.019% | $442K | $655K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.006% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.31 | +0.119% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.383% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Hyperliquid TAO
Phoenix TAO
01 Exchange TAOUSD
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP