Funding you earn now, next payment 07:00 UTC−0.2095%/8h= −229.4% APRpaid last 24h −0.332%
Price spread now: Bulk against OKX−0.970%55s7-day average −0.075% · 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—prices read too far apart to compare
costs, in and out, $10k−$270.272% of the position
Funding, last 4 days (all we have)−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)+0.930%+$93 · spread now −0.970%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Bulk is 0.895% cheaper against OKX than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of −0.075%). Swap the legs. The two prices were read 55 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 4 days it paid -0.382% in total (about -37.8% 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 | OKX TAO-USDT-SWAP | 322.60 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $26.9M | $130.8M | 50x |
| Short | Bulk TAO-USD | 319.47 | −0.1995 | pay 0.0249% / 1h | 21m 42s | $170K | $333 | 10x |
OKX TAO-USDT-SWAP
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against OKX. 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
- −$439.91
- Price spread: −0.970% → −0.075%
- −$89.55
- Slippage, 4 orders
- −$10.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$556.66
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bulk: live order book, 22 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 OKX live order book, 2 min ago | 1.55 bp | 9.1 bp −$9 | 18.8 bp −$188 | 192.0 bp −$19.2K | doesn't fit |
| Sell Bulk live order book, 22 min ago | 0.16 bp | 3.7 bp −$4 | 4.6 bp −$46 | 6.0 bp −$601 | 11.5 bp −$5,743 |
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-USDshort | −0.1995% | 1h | 319.47 | −0.970% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 322.36 | −0.074% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 322.52 | −0.023% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.40 | −0.062% | $44K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAPlong | +0.0100% | 8h | 322.60 | long leg | $26.9M | $130.8M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 322.00 | −0.186% | $14.4M | $52.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.26 | −0.105% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.20 | −0.124% | $36.2M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.82 | −0.862% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.20 | −0.124% | $85K | $1.2M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 321.93 | −0.208% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.05 | −0.170% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 322.44 | −0.050% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0117% / S +0.0150% | 1h | 321.83 | −0.240% | $430K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 321.74 | −0.267% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 321.87 | −0.225% | $177K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0172% | 4h | 320.52 | −0.646% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0208% | 4h | 322.74 | +0.045% | $93.7M | $527.7M | 75x | as long as short |
| MEXC TAO_USDT | +0.0208% | 4h | 322.70 | +0.031% | $107.9M | $150.8M | 300x | as long as short |
| Paradex TAO-USD-PERP | +0.0286% | 8h | 322.67 | +0.023% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0295% | 4h | 321.57 | −0.319% | $3.3M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0330% | 4h | 322.78 | +0.056% | $70.9M | $156.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0333% | 4h | 322.48 | −0.037% | — | $34.6M | — | as long as short |
| Aster TAOUSDT | +0.0373% | 4h | 322.28 | −0.100% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0391% | 1h | 322.27 | −0.102% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0406% | 4h | 321.35 | −0.389% | $547K | $940K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0441% | 1h | 321.51 | −0.338% | $26K | $1.9M | 25x | as long as short |
| BloFin TAO-USDT | +0.0450% | 4h | 322.53 | −0.022% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 322.13 | −0.146% | $918K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0514% | 1h | 322.34 | −0.080% | $801K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.65 | +0.015% | $367K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 322.25 | −0.109% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.30 | −0.403% | $320K | $709K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 322.81 | +0.065% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0666% | 1h | 322.71 | +0.034% | $95.4M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 322.48 | −0.037% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 322.16 | −0.136% | $370 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0741% | 1h | 321.96 | −0.198% | $300K | $905K | 10x | as long as short |
| Lighter TAO | +0.0784% | 1h | 322.92 | +0.100% | $1.6M | $6.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 323.67 | +0.332% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 322.47 | −0.041% | $463K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1148% | 1h | 321.53 | −0.332% | $6.0M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.260% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
Binance TAOUSDT
MEXC TAO_USDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Aster TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP