Funding you earn now, next payment 04:00 UTC+0.0642%/8h= +70.2% APRnext payment +$3.21 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against edgeX−0.680%101s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)+0.538%+$54 · spread now −0.680%, 7d avg +0.034%
=Together, before fees+0.597%+ Points / potential airdropedgeX: Active · farm board+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.714% cheaper against edgeX than usual: you would sell low and buy high (spread −0.680% now, against its 7-day average of +0.034%). If the spread goes back, that is −$71 on $10k: about 3.7 days of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.060% in total) that is about 3 months. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.21 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 | edgeX TAOUSDC | 317.06 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $40K | $294K | 10x |
| Short | Bybit TAOUSDT | 314.90 | 0.0742 | get 0.0371% / 4h | 3h 03m | $64.8M | $133.8M | 50x |
edgeX TAOUSDC
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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
- $134.72
- Price spread: −0.680% → +0.034%
- −$71.41
- Slippage, 4 orders
- −$27.69
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $15.62
- Costs to cover
- 0.477%
- Break-even
- 6.2 days
Slippage from edgeX: live order book, 4 min ago; Bybit: live order book, 5 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 edgeX live order book, 4 min ago | 7.89 bp | 12.4 bp −$12 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.16 bp | 10.7 bp −$11 | 18.8 bp −$188 | 39.4 bp −$3,941 | 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-USD | −0.1228% | 1h | 316.14 | −0.289% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.54 | −0.162% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 316.94 | −0.038% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.72 | +0.210% | $44K | $603K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.78 | −0.718% | $90.2M | $451.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | −0.711% | $25.7M | $108.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.20 | −0.270% | $12.8M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.86 | −0.377% | $100.6M | $137.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.70 | −0.112% | $17.9M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.11 | −0.298% | $35.2M | $51.6M | 50x | as long as short |
Bulk TAO-USD
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 TAOUSDClong | +0.0100% | 4h | 317.06 | long leg | $40K | $294K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.81 | −0.393% | $523K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.24 | +0.058% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.27 | +0.068% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.38 | +0.102% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0103% | 4h | 317.37 | +0.099% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.49 | +0.137% | $174K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0105% | 1h | 317.35 | +0.093% | $12K | $17K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 317.74 | +0.216% | $1K | $644K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0154% | 1h | 316.14 | −0.289% | $48K | $267K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0102% | 1h | 316.91 | −0.046% | $450K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 317.17 | +0.036% | $375K | $376K | 10x | as long as short |
| Aster TAOUSDT | +0.0199% | 4h | 316.75 | −0.097% | $1.3M | $8.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.58 | +0.166% | $84K | $550K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 316.75 | −0.095% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.77 | +0.225% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0275% | 1h | 317.11 | +0.017% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.47 | −0.185% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 317.05 | −0.002% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.00 | −0.017% | $332K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 317.57 | +0.162% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.46 | +1.074% | $23K | $2K | 12x | as long as short |
| Variational Omni TAO | +0.0571% | 4h | 316.78 | −0.088% | $5.5M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.52 | +0.148% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 314.74 | −0.730% | — | $30.7M | — | as long as short |
| Bybit TAOUSDTshort | +0.0742% | 4h | 314.90 | −0.680% | $64.8M | $133.8M | 50x | |
| Nado TAO-PERP | +0.0746% | 1h | 317.67 | +0.194% | $790K | $2.1M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0800% | 1h | 317.11 | +0.017% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.25 | +0.061% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1104% | 1h | 316.30 | −0.238% | $884K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.39 | +0.105% | $421K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.65 | +0.189% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1755% | 1h | 317.32 | +0.084% | $101.5M | $91.6M | 5x | as long as short |
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO