Funding you earn now, next payment 01:00 UTC+0.1503%/8h= +164.6% APRnext payment +$1.88 per $10,000 · paid last 24h +0.300%
Price spread now: Deribit against Bulk+0.306%7-day average +0.141% · 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−$14as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 3 days (all we have)+0.306%+$31 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.306%, 7d avg +0.141%
=Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Deribit is 0.166% dearer against Bulk than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.141%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.306% in total (about 32.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 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 | 316.14 | −0.1228 | get 0.0154% / 1h | 3m 32s | $168K | $40K | 10x |
| Short | Deribit TAO_USDC-PERPETUAL | 317.11 | 0.0275 | get 0.0034% / 1h | 3m 32s | $17K | $1.5M | 25x |
Bulk TAO-USD
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $315.64
- Price spread: +0.306% → +0.141%
- $16.57
- Slippage, 4 orders
- −$16.71
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $301.49
- Costs to cover
- 0.307%
- Break-even
- 0.3 days
Slippage from Bulk: live order book, 5 min ago; Deribit: live order book, just now.
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, 5 min ago | 0.16 bp | 4.3 bp −$4 | 5.0 bp −$50 | 21.1 bp −$2,113 | 47.3 bp −$23.6K |
| Sell Deribit live order book, just now | 2.70 bp | 14.8 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDlong | −0.1228% | 1h | 316.14 | long leg | $168K | $40K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 314.55 | −0.503% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 316.94 | +0.252% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.85 | −0.408% | $43K | $605K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.73 | −0.445% | $90.2M | $452.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | −0.424% | $25.6M | $108.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.20 | −0.614% | $12.8M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.44 | −0.538% | $100.2M | $137.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.68 | −0.462% | $17.8M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.14 | −0.633% | $35.0M | $51.6M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.06 | +0.289% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.35 | +0.067% | $524K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.24 | +0.348% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.27 | +0.357% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.38 | +0.392% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0103% | 4h | 317.37 | +0.389% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.49 | +0.426% | $174K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0105% | 1h | 317.35 | +0.383% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0117% | 1h | 316.47 | +0.104% | $48K | $267K | 50x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 314.82 | −0.418% | $1K | $647K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0102% | 1h | 316.91 | +0.244% | $450K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 314.69 | −0.459% | $373K | $376K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 314.88 | −0.399% | $83K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0204% | 4h | 315.02 | −0.353% | $1.2M | $8.9M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 314.64 | −0.473% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.77 | +0.516% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0275% | 1h | 317.11 | +0.306% | $17K | $1.5M | 25x | |
| BloFin TAO-USDT | +0.0340% | 4h | 316.47 | +0.104% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 317.05 | +0.287% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.00 | +0.272% | $332K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 315.19 | −0.301% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.46 | +1.366% | $23K | $2K | 12x | as long as short |
| Variational Omni TAO | +0.0571% | 4h | 316.78 | +0.201% | $5.5M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.52 | +0.437% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 314.44 | −0.538% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0752% | 4h | 315.04 | −0.348% | $64.9M | $133.8M | 50x | as long as short |
| Nado TAO-PERP | +0.0754% | 1h | 314.80 | −0.424% | $779K | $2.1M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0800% | 1h | 317.11 | +0.307% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.25 | +0.351% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1104% | 1h | 314.44 | −0.539% | $879K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 314.67 | −0.464% | $418K | $593K | 5x | as long as short |
| Lighter TAO | +0.1400% | 1h | 315.40 | −0.234% | $1.6M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1745% | 1h | 315.23 | −0.288% | $100.8M | $91.7M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
ApeX Omni TAOUSDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO