Funding you earn now, next payment 06:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.015%
Price spread now: Deribit against OKX−0.013%46s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$330.328% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.013%, 7d avg +0.046%
=Funding pays, the price is against you. Deribit is 0.058% cheaper against OKX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.046%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour. The two prices were read 46 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 -0.108% in total (about -5.6% 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 | 313.70 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $26.2M | $122.1M | 50x |
| Short | Deribit TAO_USDC-PERPETUAL | 313.66 | 0.0428 | get 0.0053% / 1h | 46m 30s | $11K | $1.8M | 25x |
OKX TAO-USDT-SWAP
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $68.88
- Price spread: −0.013% → +0.046%
- −$5.81
- Slippage, 4 orders
- −$15.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $30.26
- Costs to cover
- 0.328%
- Break-even
- 3.9 days
Slippage from OKX: live order book, 2 min ago; Deribit: live order book, 3 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 | 1.60 bp | 9.7 bp −$10 | 17.2 bp −$172 | 59.0 bp −$5,902 | doesn't fit |
| Sell Deribit live order book, 3 min ago | 3.67 bp | 7.2 bp −$7 | 16.4 bp −$164 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 313.35 | −0.113% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.34 | −0.115% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 313.72 | +0.006% | $1K | $888K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.80 | +0.032% | $89.7M | $505.1M | 75x | as long as short |
| OKX TAO-USDT-SWAPlong | +0.0100% | 8h | 313.70 | long leg | $26.2M | $122.1M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 313.50 | −0.064% | $13.7M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.82 | +0.038% | $104.9M | $144.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.54 | −0.051% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.50 | −0.064% | $35.3M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.37 | −0.106% | $41K | $315K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.52 | −0.057% | $81K | $909K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.50 | −0.064% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.65 | −0.335% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.85 | +0.049% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.66 | −0.013% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0132% / S +0.0137% | 1h | 313.28 | −0.133% | $419K | — | 100x | as long as short |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.407% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0162% | 4h | 313.75 | +0.016% | $1.3M | $10.5M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.92 | +0.070% | $357K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 313.88 | +0.058% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0252% | 1h | 313.76 | +0.018% | $780K | $2.2M | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0255% | 1h | 312.72 | −0.312% | $46K | $255K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | −0.155% | $532K | $942K | 10x | as long as short |
| Popdex TAOUSDT | +0.0288% | 1h | 313.87 | +0.054% | $49K | $662K | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.07 | +0.117% | $5.7M | $21.0M | 50x | as long as short |
| Bullet TAO-USD | +0.0331% | 1h | 313.74 | +0.013% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.60 | −0.032% | $4.5M | $10.8M | 100x | as long as short |
| Phemex TAOUSDT | +0.0350% | 4h | 313.78 | +0.026% | $3.2M | $7.9M | 50x | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 313.10 | −0.191% | $5.5M | $10.1M | — | as long as short |
| BingX TAO-USDT | +0.0384% | 4h | 313.79 | +0.029% | — | $33.7M | — | as long as short |
| Bybit TAOUSDT | +0.0394% | 4h | 313.85 | +0.048% | $68.1M | $151.3M | 50x | as long as short |
| Extended TAO-USD | +0.0400% | 1h | 313.65 | −0.016% | $905K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0428% | 1h | 313.66 | −0.013% | $11K | $1.8M | 25x | |
| Arcus TAO-USD | +0.0483% | 1h | 314.07 | +0.118% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | −0.128% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.67 | −0.009% | $361 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0741% | 1h | 313.96 | +0.083% | $91.8M | $108.5M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0800% | 1h | 314.30 | +0.191% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0800% | 1h | 313.68 | −0.006% | $309K | $886K | 10x | as long as short |
| Lighter TAO | +0.0904% | 1h | 314.13 | +0.138% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.47 | +0.245% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.89 | +0.061% | $452K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.755% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Popdex TAOUSDT
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Extended TAO-USD
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP