Funding you earn now, next payment 05:00 UTC−0.0366%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.006%
Price spread now: ApeX Omni against Deribit+0.308%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.308%, 7d avg −0.009%
=The price spread pays, funding is against you. ApeX Omni is 0.318% dearer against Deribit than usual: you sell high and buy low (spread +0.308% now, against its 7-day average of −0.009%): +$32 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.180%, 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 7 days it paid 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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 | Deribit TAO_USDC-PERPETUAL | 312.65 | 0.0466 | pay 0.0058% / 1h | 15m 06s | $13K | $1.8M | 25x |
| Short | ApeX Omni TAOUSDT | 313.61 | 0.0100 | get 0.0013% / 1h | 15m 06s | $46K | $254K | 50x |
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- −$76.86
- Price spread: +0.308% → −0.009%
- $31.76
- Slippage, 4 orders
- −$28.27
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$90.37
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; ApeX Omni: live order book, 37 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 Deribit live order book, 4 min ago | 5.76 bp | 9.6 bp −$10 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 37 min ago | 5.43 bp | 13.3 bp −$13 | 140.9 bp −$1,409 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.30 | −0.109% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.57 | −0.024% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 312.57 | −0.024% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.01 | +0.116% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 312.88 | +0.075% | $640 | $845K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.95 | +0.097% | $356K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.68 | +0.010% | $89.5M | $501.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.70 | +0.017% | $26.1M | $121.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.30 | −0.111% | $13.3M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.45 | −0.063% | $103.0M | $145.6M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
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 | 312.43 | −0.069% | $17.8M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.23 | −0.133% | $35.0M | $56.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.34 | +0.223% | $42K | $314K | 10x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0100% | 1h | 313.61 | +0.308% | $46K | $254K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.93 | +0.091% | $82K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.91 | +0.084% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.63 | −0.005% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.54 | −0.034% | $111K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.50 | −0.047% | $3.1M | $8.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0104% | 4h | 312.43 | −0.069% | — | $33.7M | — | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.74 | +0.030% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0114% | 4h | 312.52 | −0.039% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.61 | −0.012% | $52K | $290K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0124% | 4h | 312.88 | +0.074% | $531K | $956K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0132% | 1h | 312.52 | −0.040% | $422K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0161% | 8h | 313.12 | +0.153% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0187% | 4h | 312.75 | +0.033% | $67.4M | $150.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 313.37 | +0.232% | $101K | $394K | 5x | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 312.27 | −0.122% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0323% | 4h | 312.65 | +0.001% | $5.5M | $10.1M | — | as long as short |
| Nado TAO-PERP | +0.0330% | 1h | 312.91 | +0.085% | $790K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.54 | −0.034% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.70 | +0.337% | $312K | $711K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0466% | 1h | 312.65 | long leg | $13K | $1.8M | 25x | |
| Hyperliquid TAO | +0.0474% | 1h | 312.77 | +0.040% | $91.9M | $107.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 313.27 | +0.200% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0504% | 1h | 312.60 | −0.015% | $311K | $885K | 10x | as long as short |
| Lighter TAO | +0.0632% | 1h | 312.74 | +0.029% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.86 | +0.067% | $360 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 313.14 | +0.157% | $444K | $647K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.552% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.90 | +0.081% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.287% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
BingX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Extended TAO-USD
Variational Omni TAO
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP