Funding you earn now, next payment 01:00 UTC+0.1895%/8h= +207.5% APRnext payment +$2.37 per $10,000 · paid last 24h +0.304%
Price spread now: Popdex against Bulk+2.443%7-day average +0.113% · 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+$199as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 3 days (all we have)+0.330%+$33 on $10k
+Price spread, last 4 days (all we have)−2.298%−$230 · spread now +2.443%, 7d avg +0.113%
=Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Popdex is 2.330% dearer against Bulk than usual: you sell high and buy low: +$233 more if the spread goes back to its 7-day average of +0.113%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.330% in total (about 35.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 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 | 311.96 | −0.1799 | get 0.0225% / 1h | 49m 11s | $167K | $44K | 10x |
| Short | Popdex TAOUSDT | 319.58 | 0.0096 | get 0.0012% / 1h | 49m 11s | $42K | $580K | 20x |
Bulk TAO-USD
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $397.94
- Price spread: +2.443% → +0.113%
- $233.01
- Slippage, 4 orders
- −$20.5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $597.05
- Costs to cover
- 0.339%
- Break-even
- from the start
Slippage from Bulk: live order book, 25 min ago; Popdex: live order book, 25 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, 25 min ago | 0.16 bp | 6.2 bp −$6 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 25 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-USDlong | −0.1799% | 1h | 311.96 | long leg | $167K | $44K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 319.99 | +2.574% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.40 | +2.707% | $21K | — | 150x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 319.58 | +2.443% | $42K | $580K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 320.81 | +2.837% | $92.3M | $440.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.80 | +2.834% | $26.0M | $107.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.00 | +2.577% | $12.9M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.61 | +2.452% | $106.1M | $131.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.40 | +2.385% | $18.9M | $28.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.03 | +2.907% | $35.9M | $49.0M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
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 | 318.79 | +2.190% | $36K | $288K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.75 | +2.497% | $48K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 321.00 | +2.898% | $58K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 320.98 | +2.891% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.77 | +2.824% | $128K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.40 | +2.705% | $3.5M | $7.8M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0104% | 8h | 319.65 | +2.465% | $657 | $596K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 321.68 | +3.114% | $177K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0168% | 4h | 320.12 | +2.615% | $532K | $945K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0085% | 1h | 319.99 | +2.573% | $462K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 320.12 | +2.616% | $379K | $373K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 319.94 | +2.558% | $84K | $545K | 5x | as long as short |
| Aster TAOUSDT | +0.0229% | 4h | 320.00 | +2.576% | $1.1M | $8.1M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0231% | 8h | 319.97 | +2.568% | $15K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0279% | 1h | 320.11 | +2.613% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0305% | 4h | 320.13 | +2.617% | $5.5M | $8.6M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 321.60 | +3.090% | $4.5M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0355% | 1h | 319.80 | +2.513% | $100K | $634K | 5x | as long as short |
| BingX TAO-USDT | +0.0378% | 4h | 320.84 | +2.847% | — | $30.8M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0446% | 1h | 321.27 | +2.985% | $21K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0477% | 1h | 321.18 | +2.954% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 319.50 | +2.417% | $334K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.58 | +2.443% | $23K | $501 | 12x | as long as short |
| Bybit TAOUSDT | +0.0654% | 4h | 320.88 | +2.859% | $66.2M | $130.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.62 | +2.456% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0751% | 1h | 319.52 | +2.425% | $890K | $2.0M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0824% | 1h | 320.03 | +2.587% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 322.20 | +3.282% | $1.5M | $6.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1014% | 1h | 320.47 | +2.728% | $320K | $820K | 10x | as long as short |
| Extended TAO-USD | +0.1064% | 1h | 321.18 | +2.956% | $934K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 319.65 | +2.465% | $423K | $590K | 5x | as long as short |
| Lighter TAO | +0.1728% | 1h | 321.47 | +3.047% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2896% | 1h | 320.27 | +2.664% | $104.7M | $88.7M | 5x | as long as short |
edgeX TAOUSDC
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Bullet TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Polymarket Perps TAO-USD
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
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