Funding you earn now, next payment 11:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.022%
Price spread now: Arcus against Phemex+0.035%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.035%, 7d avg +0.073%
=Funding pays, the price is against you. Arcus is 0.038% cheaper against Phemex than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.073%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.032% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.032% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TAOUSDT | 314.81 | 0.0242 | pay 0.0121% / 4h | 1h 03m | $3.2M | $8.2M | 50x |
| Short | Arcus TAO-USD | 314.92 | 0.0610 | get 0.0076% / 1h | 3m 03s | $99K | $287K | 5x |
Phemex TAOUSDT
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phemex. 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
- $77.26
- Price spread: +0.035% → +0.073%
- −$3.77
- Slippage, 4 orders
- −$53.81
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $3.19
- Costs to cover
- 0.703%
- Break-even
- 6.7 days
Slippage from Phemex: live order book, 4 min ago; Arcus: live order book, 44 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 Phemex live order book, 4 min ago | 11.30 bp | 21.7 bp −$22 | 46.9 bp −$469 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 44 min ago | 5.06 bp | 9.1 bp −$9 | 21.3 bp −$213 | doesn't fit | doesn't fit |
TAO on 43 exchanges
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 −0.0003% | 1h | 314.40 | −0.132% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.91 | +0.032% | $54K | $634K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | −0.003% | $26.8M | $126.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.50 | −0.098% | $16.1M | $48.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.88 | +0.022% | $17.4M | $31.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.47 | −0.108% | $35.6M | $55.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.69 | −0.038% | $45K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.81 | 0.000% | $69K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.58 | −0.073% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.29 | −0.165% | $112K | $547K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0102% | 8h | 314.93 | +0.038% | $2K | $1.3M | 5x | as long as short |
| Extended TAO-USD | +0.0104% | 1h | 314.84 | +0.009% | $947K | $2.0M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 314.96 | +0.046% | $173K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0153% | 4h | 314.61 | −0.064% | $42K | $325K | 10x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 314.86 | +0.016% | $110.9M | $150.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 314.80 | −0.003% | $93.4M | $508.8M | 75x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 314.66 | −0.048% | $372K | $455K | 10x | as long as short |
| Phemex TAOUSDTlong | +0.0242% | 4h | 314.81 | long leg | $3.2M | $8.2M | 50x | |
| Lighter TAO | +0.0248% | 1h | 315.01 | +0.064% | $1.5M | $6.8M | 5x | as long as short |
| BingX TAO-USDT | +0.0264% | 4h | 314.85 | +0.013% | — | $37.7M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0266% | 4h | 314.86 | +0.017% | $535K | $786K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0272% | 4h | 314.83 | +0.006% | $53K | $262K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0278% | 8h | 314.60 | −0.067% | $14K | $769 | 10x | as long as short |
| Bullet TAO-USD | +0.0315% | 1h | 314.93 | +0.038% | $12K | $16K | 20x | as long as short |
| Aster TAOUSDT | +0.0323% | 4h | 314.87 | +0.019% | $1.2M | $11.3M | 50x | as long as short |
| Bybit TAOUSDT | +0.0326% | 4h | 314.88 | +0.022% | $69.3M | $155.0M | 50x | as long as short |
| Nado TAO-PERP | +0.0350% | 1h | 314.89 | +0.026% | $670K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0359% / S −0.0107% | 1h | 314.52 | −0.092% | $369K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 314.93 | +0.038% | $4.9M | $10.5M | 100x | as long as short |
| dYdX TAO-USD | +0.0403% | 1h | 314.17 | −0.205% | $265K | $230K | 5x | as long as short |
| Variational Omni TAO | +0.0539% | 4h | 314.94 | +0.042% | $5.8M | $9.9M | — | as long as short |
| Hyperliquid TAO | +0.0544% | 1h | 314.89 | +0.025% | $94.4M | $104.9M | 5x | as long as short |
| Arcus TAO-USDshort | +0.0610% | 1h | 314.92 | +0.035% | $99K | $287K | 5x | |
| 01 Exchange TAOUSD | +0.0616% | 1h | 315.45 | +0.203% | $3K | $2K | 5x | as long as short |
| Phoenix TAO | +0.0650% | 1h | 315.20 | +0.124% | $317K | $710K | 5x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 314.75 | −0.017% | $439K | $655K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 315.16 | +0.111% | $1.1M | $7.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 314.86 | +0.015% | $362 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0706% | 1h | 314.81 | 0.000% | $30K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0768% | 1h | 314.88 | +0.022% | $296K | $1.1M | 10x | as long as short |
| Bulk TAO-USD | +0.0916% | 1h | 314.85 | +0.011% | $167K | $662 | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0936% | 1h | 314.94 | +0.040% | $6.3M | $19.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4405% | 1h | 318.16 | +1.064% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Extended TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
Lighter TAO
BingX TAO-USDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Aster TAOUSDT
Bybit TAOUSDT
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
dYdX TAO-USD
Variational Omni TAO
Hyperliquid TAO
01 Exchange TAOUSD
Phoenix TAO
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Bulk TAO-USD
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP