Funding you earn now, next payment 01:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.001%
Price spread now: Popdex against BingX+0.225%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.225%, 7d avg +0.004%
=The price spread pays, funding is against you. Popdex is 0.221% dearer against BingX than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of +0.004%): +$22 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.003% in total) that is about 9 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.3% 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 | BingX TAO-USDT | 319.74 | 0.0378 | pay 0.0189% / 4h | 3h 50m | — | $30.7M | — |
| Short | Popdex TAOUSDT | 320.46 | 0.0096 | get 0.0012% / 1h | 50m 27s | $42K | $579K | 20x |
BingX TAO-USDT
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against BingX. 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
- −$59.22
- Price spread: +0.225% → +0.004%
- $22.08
- Slippage, 4 orders
- −$23.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$76.81
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Popdex: live order book, 24 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 BingX live order book, 8 min ago | 1.10 bp | 8.2 bp −$8 | 13.4 bp −$134 | 27.4 bp −$2,741 | 48.7 bp −$24.4K |
| Sell Popdex live order book, 24 min ago | 1.12 bp | 11.3 bp −$11 | 89.1 bp −$891 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1799% | 1h | 311.96 | −2.433% | $167K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0839% | 4h | 318.72 | −0.319% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.11 | −0.196% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.64 | −0.030% | $21K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0069% | 1h | 319.10 | −0.200% | $22K | $1.5M | 25x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 320.46 | +0.225% | $42K | $579K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 320.31 | +0.177% | $92.1M | $440.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.10 | +0.113% | $25.9M | $107.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.50 | −0.075% | $12.9M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.62 | −0.038% | $105.7M | $131.8M | 300x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.60 | −0.044% | $19.0M | $28.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.82 | +0.025% | $35.7M | $48.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.79 | −0.296% | $36K | $288K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 318.51 | −0.385% | $48K | $268K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.40 | −0.106% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.00 | −0.231% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.61 | −0.353% | $127K | $422K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.61 | −0.041% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0105% | 8h | 320.26 | +0.163% | $2K | $595K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0168% | 4h | 320.12 | +0.119% | $532K | $945K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0085% | 1h | 319.60 | −0.044% | $462K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 319.73 | −0.003% | $378K | $371K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 320.45 | +0.222% | $85K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0226% | 8h | 319.61 | −0.039% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0230% | 4h | 319.70 | −0.013% | $1.1M | $8.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0274% | 1h | 319.96 | +0.069% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0305% | 4h | 320.13 | +0.121% | $5.5M | $8.6M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.32 | −0.131% | $4.4M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0365% | 1h | 320.29 | +0.172% | $100K | $634K | 5x | as long as short |
| BingX TAO-USDTlong | +0.0378% | 4h | 319.74 | long leg | — | $30.7M | — | |
| Kraken Futures PF_TAOUSD | +0.0481% | 1h | 318.87 | −0.271% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 321.00 | +0.394% | $336K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.58 | +0.263% | $23K | $495 | 12x | as long as short |
| Bybit TAOUSDT | +0.0646% | 4h | 320.47 | +0.228% | $66.0M | $130.2M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.82 | +0.024% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0746% | 1h | 319.93 | +0.059% | $891K | $2.0M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0832% | 1h | 320.61 | +0.272% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 321.35 | +0.504% | $1.5M | $6.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1022% | 1h | 319.03 | −0.222% | $318K | $820K | 10x | as long as short |
| Extended TAO-USD | +0.1048% | 1h | 320.04 | +0.093% | $933K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 320.37 | +0.196% | $423K | $590K | 5x | as long as short |
| Lighter TAO | +0.1784% | 1h | 320.07 | +0.102% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2908% | 1h | 320.89 | +0.360% | $104.9M | $88.6M | 5x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
Bybit TAOUSDT
Reya TAORUSDPERP
Nado TAO-PERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO