Funding you earn now, next payment 10:00 UTC−0.0426%/8h= −46.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.024%
Price spread now: Extended against Backpack+0.002%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.002%, 7d avg −0.087%
=Together, before fees−0.290%+ Points / potential airdropExtended: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.089% dearer against Backpack than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.087%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.020% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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 | Backpack TAO_USDC_PERP | 319.32 | 0.0674 | pay 0.0084% / 1h | 5m 31s | $299K | $1.1M | 10x |
| Short | Extended TAO-USD | 319.33 | 0.0248 | get 0.0031% / 1h | 5m 31s | $961K | $2.1M | 25x |
Backpack TAO_USDC_PERP
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$89.42
- Price spread: +0.002% → −0.087%
- $8.94
- Slippage, 4 orders
- −$14.72
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$110.2
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; Extended: 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 Backpack live order book, 2 min ago | 0.63 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.67 bp | 8.9 bp −$9 | 11.1 bp −$111 | 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 | 318.79 | −0.165% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.63 | +0.097% | $52K | $632K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 319.65 | +0.103% | $70.1M | $155.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.20 | −0.038% | $27.1M | $129.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.00 | −0.100% | $15.8M | $49.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.42 | +0.031% | $17.7M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.92 | −0.125% | $36.1M | $56.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 317.57 | −0.548% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.21 | −0.034% | $82K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.10 | −0.382% | $1K | $1.8M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 318.10 | −0.382% | $117K | $554K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.80 | −0.163% | $3.2M | $8.0M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0105% | 8h | 319.28 | −0.013% | $900 | $1.3M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 318.72 | −0.189% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0135% | 4h | 317.86 | −0.458% | $42K | $323K | 10x | as long as short |
| MEXC TAO_USDT | +0.0138% | 4h | 319.35 | +0.009% | $112.6M | $152.5M | 300x | as long as short |
| BingX TAO-USDT | +0.0138% | 4h | 319.33 | +0.003% | — | $37.9M | — | as long as short |
| Binance TAOUSDT | +0.0145% | 4h | 319.58 | +0.081% | $93.8M | $514.0M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0212% | 8h | 319.35 | +0.008% | $14K | $876 | 10x | as long as short |
| Extended TAO-USDshort | +0.0248% | 1h | 319.33 | +0.002% | $961K | $2.1M | 25x | |
| Orderly PERP_TAO_USDC | +0.0254% | 4h | 318.76 | −0.175% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0276% | 4h | 318.34 | −0.306% | $543K | $824K | 10x | as long as short |
| Pacifica TAO | +0.0301% | 1h | 319.38 | +0.019% | $373K | $445K | 10x | as long as short |
| Aster TAOUSDT | +0.0315% | 4h | 319.42 | +0.030% | $1.3M | $11.3M | 50x | as long as short |
| Lighter TAO | +0.0360% | 1h | 319.37 | +0.015% | $1.6M | $6.7M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0362% / S −0.0107% | 1h | 318.77 | −0.174% | $375K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0364% | 1h | 319.74 | +0.132% | $101K | $325K | 5x | as long as short |
| BloFin TAO-USDT | +0.0380% | 4h | 318.53 | −0.247% | $4.9M | $10.5M | 100x | as long as short |
| Bullet TAO-USD | +0.0395% | 1h | 319.38 | +0.019% | $13K | $17K | 20x | as long as short |
| Nado TAO-PERP | +0.0415% | 1h | 319.23 | −0.027% | $704K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0432% | 4h | 319.16 | −0.050% | $5.7M | $9.8M | — | as long as short |
| dYdX TAO-USD | +0.0522% | 1h | 318.12 | −0.376% | $268K | $235K | 5x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 317.30 | −0.633% | $319K | $712K | 5x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0674% | 1h | 319.32 | long leg | $299K | $1.1M | 10x | |
| Kraken Futures PF_TAOUSD | +0.0681% | 1h | 319.11 | −0.067% | $6.3M | $19.6M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0685% | 1h | 319.02 | −0.093% | $15K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 318.53 | −0.248% | $366 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0699% | 1h | 317.67 | −0.517% | $169K | $0 | 10x | as long as short |
| RISEx TAO/USDC | +0.0701% | 1h | 319.19 | −0.041% | $442K | $694K | 5x | as long as short |
| Hyperliquid TAO | +0.0742% | 1h | 319.43 | +0.034% | $96.3M | $107.1M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 320.15 | +0.260% | $3K | $2K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0832% | 1h | 319.15 | −0.053% | $1.1M | $7.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3320% | 1h | 320.96 | +0.514% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
BingX TAO-USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
Lighter TAO
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
BloFin TAO-USDT
Bullet TAO-USD
Nado TAO-PERP
Variational Omni TAO
dYdX TAO-USD
Phoenix TAO
Kraken Futures PF_TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Bulk TAO-USD
RISEx TAO/USDC
Hyperliquid TAO
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP