Funding you earn now, next payment 05:00 UTC+0.0280%/8h= +30.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.080%
Price spread now: Phoenix against Pacifica+0.176%47s7-day average +0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.176%, 7d avg +0.127%
=Together, before fees+0.316%+ Points / potential airdropPacifica: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.127%. The two prices were read 47 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 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 | Pacifica TAO | 313.65 | 0.0233 | pay 0.0029% / 1h | 28m 28s | $357K | $419K | 10x |
| Short | Phoenix TAO | 314.20 | 0.0513 | get 0.0064% / 1h | 28m 28s | $313K | $713K | 5x |
Pacifica TAO
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- $58.72
- Price spread: +0.176% → +0.127%
- $4.88
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.6
- Costs to cover
- 0.150%
- Break-even
- 1.2 days
Slippage unknown: Pacifica: live order book, 20 min ago; Phoenix: live order book, 19 min ago. Net counts fees only.
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 Pacifica live order book, 20 min ago | 2.55 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 19 min ago | 3.18 bp | 14.9 bp −$15 | 18.0 bp −$180 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.92 | +0.088% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0038% | 1h | 313.44 | −0.066% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.60 | −0.015% | $90.0M | $508.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | −0.079% | $26.2M | $122.0M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | −0.056% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.20 | −0.143% | $13.9M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.43 | −0.070% | $107.7M | $145.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.32 | −0.105% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.22 | −0.137% | $35.3M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.56 | −0.030% | $41K | $316K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 313.30 | −0.111% | $89K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.12 | +0.150% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.04 | −0.194% | $113K | $554K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 313.50 | −0.047% | $1K | $920K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.42 | +0.246% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 314.27 | +0.198% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0129% / S +0.0140% | 1h | 313.98 | +0.104% | $420K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0137% | 4h | 314.00 | +0.112% | $3.2M | $8.0M | 50x | as long as short |
| Popdex TAOUSDT | +0.0144% | 1h | 313.60 | −0.015% | $51K | $667K | 20x | as long as short |
| Aster TAOUSDT | +0.0207% | 4h | 313.53 | −0.037% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAOlong | +0.0233% | 1h | 313.65 | long leg | $357K | $419K | 10x | |
| Paradex TAO-USD-PERP | +0.0269% | 8h | 313.40 | −0.078% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0271% | 1h | 313.38 | −0.086% | $771K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.24 | +0.189% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0321% | 1h | 313.45 | −0.064% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.40 | +0.240% | $4.6M | $10.9M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0348% | 4h | 314.36 | +0.228% | $534K | $923K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0397% | 1h | 313.30 | −0.111% | $44K | $256K | 50x | as long as short |
| BingX TAO-USDT | +0.0438% | 4h | 313.36 | −0.092% | — | $33.7M | — | as long as short |
| Bybit TAOUSDT | +0.0445% | 4h | 313.62 | −0.009% | $68.1M | $152.5M | 50x | as long as short |
| Variational Omni TAO | +0.0449% | 4h | 314.04 | +0.124% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 313.41 | −0.074% | $897K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.88 | +0.074% | $101K | $345K | 5x | as long as short |
| Phoenix TAOshort | +0.0513% | 1h | 314.20 | +0.176% | $313K | $713K | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0595% | 1h | 314.26 | +0.197% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.33 | −0.103% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 313.95 | +0.096% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0803% | 1h | 313.67 | +0.007% | $91.7M | $108.9M | 5x | as long as short |
| Lighter TAO | +0.0816% | 1h | 313.65 | +0.002% | $1.5M | $6.6M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0824% | 1h | 314.13 | +0.154% | $312K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 315.16 | +0.482% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.63 | −0.006% | $454K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +1.859% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Popdex TAOUSDT
Aster TAOUSDT
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP