Funding you earn now, next payment 00:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h −0.028%
Price spread now: Bybit against Extended+0.082%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.082%, 7d avg +0.046%
=Together, before fees−0.138%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.036% dearer against Extended than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.046%): +$4 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.070% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% 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 | Extended TAO-USD | 312.45 | 0.0856 | pay 0.0107% / 1h | 19m 13s | $859K | $2.1M | 25x |
| Short | Bybit TAOUSDT | 312.71 | 0.0100 | get 0.0050% / 4h | 19m 13s | $61.5M | $125.3M | 50x |
Extended TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$158.76
- Price spread: +0.082% → +0.046%
- $3.58
- Slippage, 4 orders
- −$16.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$187.32
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Extended: 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 Extended live order book, 4 min ago | 2.41 bp | 6.6 bp −$7 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.64 bp | 10.1 bp −$10 | 16.5 bp −$165 | 39.6 bp −$3,961 | 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 | −0.2753% | 1h | 312.56 | +0.033% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.05 | −0.129% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.27 | −0.059% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.799% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.50 | +0.015% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.45 | −0.002% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.57 | +0.037% | $88.7M | $427.9M | 75x | as long as short |
| Bybit TAOUSDTshort | +0.0100% | 4h | 312.71 | +0.082% | $61.5M | $125.3M | 50x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.50 | +0.015% | $25.1M | $101.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.30 | −0.050% | $12.5M | $50.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.58 | +0.040% | $110.5M | $131.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.52 | +0.021% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.24 | −0.069% | $34.9M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.54 | +0.027% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.306% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | +0.015% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.354% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.62 | +0.053% | $76K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.51 | +0.018% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.45 | −0.001% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.36 | −0.030% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.53 | +0.024% | $127K | $410K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.59 | +0.043% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.68 | +0.073% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.49 | +0.011% | $3K | $557K | 5x | as long as short |
| Aster TAOUSDT | +0.0177% | 4h | 312.49 | +0.011% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.69 | +0.075% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 312.35 | −0.032% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0218% | 4h | 312.89 | +0.140% | $3.9M | $7.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0248% | 1h | 312.50 | +0.014% | $21K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.58 | +0.040% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.51 | +0.017% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0453% | 1h | 312.52 | +0.020% | $822K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.27 | −0.060% | $448K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0516% | 1h | 312.62 | +0.053% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.90 | +0.143% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0600% | 1h | 312.70 | +0.079% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.47 | +0.004% | $359 | — | 20x | as long as short |
| Extended TAO-USDlong | +0.0856% | 1h | 312.45 | long leg | $859K | $2.1M | 25x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.261% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1232% | 1h | 312.98 | +0.167% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.51 | +0.018% | $435K | $567K | 5x | as long as short |
| Hyperliquid TAO | +0.1639% | 1h | 312.99 | +0.173% | $97.5M | $84.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO