Funding you earn now, next payment 08:00 UTC−0.1444%/8h= −158.1% APRnext payment −$1.80 per $10,000 · paid last 24h +0.333%
Price spread now: Aevo against Bulk+0.290%7-day average +0.143% · 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−$135as in the Price arb table
costs, in and out, $10k−$1491.493% of the position
Funding, last 4 days (all we have)+0.387%+$39 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.290%, 7d avg +0.143%
=The price spread pays, funding is against you. Aevo is 0.147% dearer against Bulk than usual: you sell high and buy low (spread +0.290% now, against its 7-day average of +0.143%): +$15 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 4 days funding on this pair paid +0.387%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.387% in total (about 37.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 per $10,000. 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 | Bulk TAO-USD | 317.17 | 0.1572 | pay 0.0196% / 1h | 17m 03s | $169K | $0 | 10x |
| Short | Aevo TAO-PERP | 318.09 | 0.0128 | get 0.0016% / 1h | 17m 03s | $175K | $998 | 3x |
Bulk TAO-USD
Aevo TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Bulk. 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
- −$303.22
- Price spread: +0.290% → +0.143%
- $14.7
- Slippage, 4 orders
- −$126.34
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$437.86
- Costs to cover
- 1.493%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 22 min ago; Aevo: live order book, 22 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 Bulk live order book, 22 min ago | 0.16 bp | 3.9 bp −$4 | 4.0 bp −$40 | 4.0 bp −$397 | doesn't fit |
| Sell Aevo live order book, 22 min ago | 53.11 bp | 78.3 bp −$78 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 317.62 | +0.142% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0073% | 1h | 317.94 | +0.244% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.92 | +0.236% | $45K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | +0.230% | $26.4M | $131.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.70 | +0.167% | $14.7M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.89 | +0.227% | $17.9M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.48 | +0.098% | $35.7M | $57.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 317.50 | +0.104% | $46K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.85 | +0.214% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.66 | +0.154% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 317.27 | +0.032% | $116K | $602K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0104% / S +0.0139% | 1h | 317.55 | +0.120% | $405K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.72 | +0.173% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERPshort | +0.0128% | 1h | 318.09 | +0.290% | $175K | $998 | 3x | |
| Orderly PERP_TAO_USDC | +0.0168% | 4h | 317.91 | +0.233% | $52K | $294K | 10x | as long as short |
| edgeX TAOUSDC | +0.0171% | 4h | 317.59 | +0.134% | $42K | $320K | 10x | as long as short |
| MEXC TAO_USDT | +0.0176% | 4h | 317.94 | +0.243% | $103.2M | $152.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0185% | 4h | 317.86 | +0.219% | $91.9M | $531.4M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0252% | 8h | 318.13 | +0.301% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0258% | 4h | 317.96 | +0.249% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0260% | 4h | 317.99 | +0.259% | $69.7M | $156.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0284% | 1h | 317.90 | +0.230% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 318.22 | +0.331% | $373K | $466K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0324% | 4h | 317.89 | +0.227% | $541K | $907K | 10x | as long as short |
| Aster TAOUSDT | +0.0347% | 4h | 317.99 | +0.259% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 317.80 | +0.199% | $903K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0425% | 4h | 318.03 | +0.271% | $4.7M | $10.9M | 100x | as long as short |
| Phemex TAOUSDT | +0.0431% | 4h | 317.84 | +0.211% | $3.2M | $8.2M | 50x | as long as short |
| Nado TAO-PERP | +0.0464% | 1h | 318.08 | +0.288% | $784K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0469% | 1h | 317.88 | +0.224% | $15K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 318.33 | +0.366% | $100K | $384K | 5x | as long as short |
| Lighter TAO | +0.0544% | 1h | 318.09 | +0.291% | $1.6M | $6.9M | 5x | as long as short |
| Variational Omni TAO | +0.0557% | 4h | 315.52 | −0.520% | $5.5M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.40 | +0.388% | $320K | $703K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 318.17 | +0.315% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0683% | 1h | 317.96 | +0.249% | $296K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.96 | +0.248% | $366 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0710% | 1h | 318.02 | +0.268% | $93.9M | $110.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 318.06 | +0.280% | $450K | $655K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0834% | 1h | 317.88 | +0.224% | $6.0M | $21.7M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.99 | +0.259% | $1.4M | $7.0M | 50x | as long as short |
| Bulk TAO-USDlong | +0.1572% | 1h | 317.17 | long leg | $169K | $0 | 10x | |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | +0.514% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Lighter TAO
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP