Funding you earn now, next payment 08:00 UTC+0.1299%/8h= +142.2% APRpaid last 24h −0.332%
Price spread now: Bulk against Bybit−0.748%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 4 days (all we have)−0.381%−$38 on $10k
+Price spread, last 4 days (all we have)+0.685%+$68 · spread now −0.748%, 7d avg −0.124%
=Funding pays, the price is against you. Bulk is 0.624% cheaper against Bybit than usual: you would sell low and buy high (spread −0.748% now, against its 7-day average of −0.124%). If the spread goes back, that is −$62 on $10k: about 38 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 4 days funding on this pair cost −0.381%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.381% in total (about -37.2% 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 | Bybit TAOUSDT | 319.56 | 0.0273 | pay 0.0137% / 4h | 13m 07s | $70.1M | $157.1M | 50x |
| Short | Bulk TAO-USD | 317.17 | 0.1572 | get 0.0196% / 1h | 13m 07s | $169K | $0 | 10x |
Bybit TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Bybit. 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
- $272.74
- Price spread: −0.748% → −0.124%
- −$62.4
- Slippage, 4 orders
- −$9.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $183.13
- Costs to cover
- 0.272%
- Break-even
- 2.3 days
Slippage from Bybit: live order book, 1 min ago; Bulk: live order book, 26 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 Bybit live order book, 1 min ago | 0.16 bp | 9.3 bp −$9 | 16.8 bp −$168 | 39.8 bp −$3,978 | doesn't fit |
| Sell Bulk live order book, 26 min ago | 0.16 bp | 3.9 bp −$4 | 7.2 bp −$72 | 26.0 bp −$2,603 | 52.2 bp −$26.1K |
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 | 319.52 | −0.013% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0074% | 1h | 318.96 | −0.189% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.87 | +0.097% | $46K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | −0.050% | $26.6M | $132.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.50 | −0.019% | $14.8M | $52.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.85 | +0.091% | $18.0M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.24 | −0.100% | $35.9M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 317.41 | −0.673% | $46K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.71 | +0.047% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.39 | −0.053% | $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 | 319.29 | −0.084% | $117K | $603K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0104% / S +0.0139% | 1h | 316.95 | −0.815% | $404K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 319.65 | +0.028% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.84 | +0.086% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0172% | 4h | 319.82 | +0.081% | $52K | $294K | 10x | as long as short |
| MEXC TAO_USDT | +0.0178% | 4h | 319.77 | +0.066% | $104.0M | $152.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0180% | 4h | 319.49 | −0.022% | $92.5M | $532.0M | 75x | as long as short |
| edgeX TAOUSDC | +0.0184% | 4h | 317.44 | −0.664% | $42K | $321K | 10x | as long as short |
| BingX TAO-USDT | +0.0258% | 4h | 319.70 | +0.044% | — | $37.3M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0258% | 8h | 319.71 | +0.048% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDTlong | +0.0273% | 4h | 319.56 | long leg | $70.1M | $157.1M | 50x | |
| Bullet TAO-USD | +0.0292% | 1h | 319.62 | +0.020% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.69 | +0.039% | $375K | $466K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0316% | 4h | 318.09 | −0.460% | $541K | $907K | 10x | as long as short |
| Aster TAOUSDT | +0.0342% | 4h | 319.58 | +0.008% | $1.3M | $11.0M | 50x | as long as short |
| Phemex TAOUSDT | +0.0352% | 4h | 319.63 | +0.022% | $3.2M | $8.2M | 50x | as long as short |
| Extended TAO-USD | +0.0384% | 1h | 319.84 | +0.087% | $908K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0420% | 4h | 319.77 | +0.066% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0455% | 1h | 319.80 | +0.076% | $787K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 320.04 | +0.150% | $101K | $384K | 5x | as long as short |
| Variational Omni TAO | +0.0560% | 4h | 318.03 | −0.480% | $5.6M | $10.1M | — | as long as short |
| Lighter TAO | +0.0584% | 1h | 320.11 | +0.172% | $1.6M | $6.9M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0606% | 1h | 319.87 | +0.097% | $15K | $1.9M | 25x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.40 | −0.363% | $320K | $703K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 320.25 | +0.216% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0695% | 1h | 319.79 | +0.072% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.64 | +0.025% | $368 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0715% | 1h | 319.85 | +0.091% | $94.5M | $110.6M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0828% | 1h | 319.90 | +0.106% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 319.82 | +0.083% | $454K | $662K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.04 | +0.150% | $1.4M | $7.0M | 50x | as long as short |
| Bulk TAO-USDshort | +0.1572% | 1h | 317.17 | −0.748% | $169K | $0 | 10x | |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | −0.238% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Paradex TAO-USD-PERP
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Phemex TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP