Funding you earn now, next payment 03:00 UTC−0.0767%/8h= −84.0% APRpaid last 24h −0.058%
Price spread now: SunX against Backpack+0.050%7-day average −0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.050%, 7d avg −0.048%
=The price spread pays, funding is against you. SunX is 0.098% dearer against Backpack than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.048%): +$10 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.036% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | 317.06 | 0.0867 | pay 0.0108% / 1h | 53m 49s | $320K | $802K | 10x |
| Short | SunX TAO-USDT | 317.22 | 0.0100 | get 0.0050% / 4h | 1h 53m | $2K | $1.9M | 20x |
Backpack TAO_USDC_PERP
SunX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$161.05
- Price spread: +0.050% → −0.048%
- $9.84
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$169.21
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 10 min ago; SunX: live order book, 2 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 Backpack live order book, 10 min ago | 2.19 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 514.83 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
TAO on 42 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 | −0.2257% | 1h | 317.17 | +0.035% | $168K | $40K | 10x | as long as short |
| ApeX Omni TAOUSDT | −0.0750% | 1h | 314.06 | −0.946% | $47K | $253K | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.56 | +0.158% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.09 | +0.010% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.49 | +0.136% | $45K | $646K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.48 | +0.131% | $91.8M | $467.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.50 | +0.139% | $26.2M | $115.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.20 | +0.044% | $13.0M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.60 | +0.170% | $104.7M | $137.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.38 | +0.101% | $18.2M | $30.7M | 75x | as long as short |
Bulk TAO-USD
ApeX Omni TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 317.21 | +0.047% | $35.4M | $53.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.73 | −0.734% | $35K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.40 | +0.107% | $79K | $729K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.29 | +0.073% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDTshort | +0.0100% | 4h | 317.22 | +0.050% | $2K | $1.9M | 20x | |
| HTX TAO-USDT | +0.0100% | 4h | 317.96 | +0.284% | $130K | $475K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.15 | +0.028% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.73 | +0.212% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 317.62 | +0.177% | $675 | $732K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 317.07 | +0.004% | $431K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0190% | 4h | 316.25 | −0.255% | $526K | $946K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0247% | 1h | 317.28 | +0.069% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0292% | 4h | 317.23 | +0.055% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0330% | 1h | 317.45 | +0.123% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0350% | 8h | 317.99 | +0.293% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 318.17 | +0.350% | $376K | $393K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0458% | 1h | 317.32 | +0.081% | $14K | $1.6M | 25x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 318.13 | +0.337% | $100K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0545% | 1h | 317.66 | +0.188% | $765K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.10 | −0.303% | $332K | $707K | 5x | as long as short |
| BingX TAO-USDT | +0.0686% | 4h | 317.54 | +0.151% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.35 | +0.091% | $365 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0737% | 4h | 317.65 | +0.186% | $67.4M | $138.5M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0744% | 1h | 318.15 | +0.344% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0865% | 4h | 319.02 | +0.619% | $6.0M | $9.6M | — | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0867% | 1h | 317.06 | long leg | $320K | $802K | 10x | |
| Extended TAO-USD | +0.0912% | 1h | 317.45 | +0.122% | $900K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1008% | 1h | 317.73 | +0.211% | $1.6M | $6.1M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.28 | +0.700% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 317.79 | +0.229% | $450K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1442% | 1h | 317.93 | +0.273% | $100.6M | $98.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +1.224% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Nado TAO-PERP
Phoenix TAO
BingX TAO-USDT
Reya TAORUSDPERP
Bybit TAOUSDT
01 Exchange TAOUSD
Variational Omni TAO
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP