Funding you earn now, next payment 04:00 UTC−0.0357%/8h= −39.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.080%
Price spread now: Pacifica against Phoenix−0.109%47s7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as 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−$450.452% of the position
Funding, last 7 days−0.147%−$15 on $10k
+Price spread, last 4 days (all we have)−0.320%−$32 · spread now −0.109%, 7d avg −0.129%
=Together, before fees−0.467%+ Points / potential airdropPacifica: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.129%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. 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 -0.147% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | Phoenix TAO | 311.10 | 0.0457 | pay 0.0057% / 1h | 22m 18s | $310K | $711K | 5x |
| Short | Pacifica TAO | 310.76 | 0.0100 | get 0.0013% / 1h | 22m 18s | $354K | $414K | 10x |
Phoenix TAO
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Phoenix. 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
- −$74.88
- Price spread: −0.109% → −0.129%
- $1.95
- Slippage, 4 orders
- −$30.18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$118.12
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 31 min ago; Pacifica: live order book, 31 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 Phoenix live order book, 31 min ago | 3.18 bp | 9.6 bp −$10 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 31 min ago | 2.22 bp | 9.7 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0349% | 1h | 310.85 | −0.081% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.44 | −0.212% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0013% | 1h | 310.54 | −0.179% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.46 | −0.206% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 310.14 | −0.309% | $2K | $842K | 5x | as long as short |
| Pacifica TAOshort | +0.0100% | 1h | 310.76 | −0.109% | $354K | $414K | 10x | |
| Binance TAOUSDT | +0.0100% | 4h | 310.66 | −0.142% | $89.0M | $500.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 310.84 | −0.084% | $66.9M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.70 | −0.129% | $25.8M | $120.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.40 | −0.225% | $13.2M | $50.2M | 50x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 310.53 | −0.183% | $101.9M | $145.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.47 | −0.203% | $17.7M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.35 | −0.241% | $34.8M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.67 | −0.138% | — | $33.8M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.00 | −0.031% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.69 | −0.130% | $528K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 310.75 | −0.113% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.40 | −0.225% | $79K | $900K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 310.70 | −0.129% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.77 | −0.106% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.34 | −0.244% | $109K | $541K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.80 | −0.095% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0104% | 4h | 310.76 | −0.111% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0116% | 4h | 310.59 | −0.164% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 310.40 | −0.226% | $412K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 310.57 | −0.170% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0206% | 4h | 310.93 | −0.055% | $3.2M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 310.81 | −0.093% | $101K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0294% | 4h | 311.14 | +0.012% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0304% | 1h | 310.36 | −0.237% | $904K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.10 | 0.000% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0357% | 1h | 310.74 | −0.117% | $783K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0456% | 1h | 310.76 | −0.109% | $91.3M | $107.7M | 5x | as long as short |
| Phoenix TAOlong | +0.0457% | 1h | 311.10 | long leg | $310K | $711K | 5x | |
| 01 Exchange TAOUSD | +0.0480% | 1h | 310.49 | −0.196% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0493% | 1h | 310.94 | −0.051% | $309K | $885K | 10x | as long as short |
| Lighter TAO | +0.0576% | 1h | 310.94 | −0.052% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0646% | 1h | 311.01 | −0.030% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.56 | −0.175% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.43 | −0.217% | $441K | $655K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.057% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.31 | +0.068% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.331% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP