data as of
Settings8H · net · $10k
Funding arb /

TAO

all TAO markets
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Funding spread now, next payment 17:00 UTC+0.0376%/8h
paid, last 24h+0.089%paid, last 7 days+0.190%to open and close $10k−$27
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TAO_USDT284.490.0100pay 0.0050% / 4h2h 45m$107.5M$102.4M300x
ShortPhoenix TAO284.500.0476get 0.0060% / 1h45m 02s$302K$159K5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$79
Slippage, 4 orders
−$19.89
Fee MEXC: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$52.11
Break-even
2.4 days
Slippage from MEXC: live order book, 5 min ago; Phoenix: live order book, 57 min ago.

Price risk

price view
Price gap now
+0.004%
Avg gap 7d
+0.150%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.17 bp0.4 bp $04.1 bp −$4123.7 bp −$2,368116.9 bp −$58.5K
Sell Phoenix live order book, 57 min ago3.46 bp19.4 bp −$1930.8 bp −$308doesn't fitdoesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h$9K150xas long as short
dYdX TAO-USD+0.0013%1h$73K$44K5xas long as short
Kraken Futures PF_TAOUSD+0.0013%1h$5.2M$13.6M50xas long as short
Bitget TAOUSDT+0.0092%4h$32.1M$36.0M50xas long as short
Popdex TAOUSDT+0.0096%1h$49K$444K20xas long as short
Katana Perps TAO-USD+0.0100%8h$1K$311K5xas long as short
Aster TAOUSDT+0.0100%4h$1.6M$4.9M50xas long as short
Pacifica TAO+0.0100%1h$328K$368K10xas long as short
Binance TAOUSDT+0.0100%4h$78.3M$319.1M75xas long as short
Bybit TAOUSDT+0.0100%4h$50.7M$83.6M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX TAO-USDT-SWAP+0.0100%8h$22.9M$65.4M50xas long as short
Arcus TAO-USD+0.0100%1h$122K$569K5xas long as short
Gate TAO_USDT+0.0100%4h$11.2M$42.9M50xas long as short
MEXC TAO_USDTlong+0.0100%4h$107.5M$102.4M300x
KuCoin TAOUSDTM+0.0100%4h$18.1M$19.7M75xas long as short
BingX TAO-USDT+0.0100%4h$28.2Mas long as short
Backpack TAO_USDC_PERP+0.0100%1h$326K$447K10xas long as short
Variational Omni TAO+0.0100%4h$3.1M$4.8Mas long as short
edgeX TAOUSDC+0.0100%4h$37K$295K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$43K$265K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$75K$735K5xas long as short
Bullet TAO-USD+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$51K$172K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h$116K$317K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.3M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0103%1h$41K$934K25xas long as short
Extended TAO-USD+0.0104%1h$767K$1.3M25xas long as short
Aevo TAO-PERP+0.0104%1h$156K$9983xas long as short
Paradex TAO-USD-PERP+0.0109%8h$13K$37610xas long as short
Lighter TAO+0.0144%1h$1.3M$2.1M5xas long as short
Bulk TAO-USD+0.0151%1h$149K$010xas long as short
Nado TAO-PERP+0.0155%1h$1.0M$1.2M10xas long as short
01 Exchange TAOUSD+0.0232%1h$3K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h$4.0M$6.7M100xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0173%1h$459K100xas long as short
Phoenix TAOshort+0.0476%1h$302K$159K5x
RISEx TAO/USDC+0.0673%1h$314K$427K5xas long as short
Reya TAORUSDPERP+0.0693%1h$32720xas long as short
Hyperliquid TAO+0.0850%1h$79.3M$51.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0936%1h$1.4M$3.9M50xas long as short
Injective TAO/USDC PERP+0.3793%1h$21K$59K12xas long as short