Funding you earn now, next payment 08:00 UTC+0.0478%/8h= +52.4% APRpaid last 24h +0.098%
Price spread now: Phoenix against SunX+0.234%69s7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.234%, 7d avg +0.124%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Phoenix is 0.111% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.124%. The two prices were read 69 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 0.186% in total (about 9.7% 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 | SunX TAO-USDT | 316.06 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $1K | $1.9M | 20x |
| Short | Phoenix TAO | 316.80 | 0.0578 | get 0.0072% / 1h | 42m 11s | $319K | $714K | 5x |
SunX TAO-USDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $100.47
- Price spread: +0.234% → +0.124%
- $11.06
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $96.53
- Costs to cover
- 0.150%
- Break-even
- 0.3 days
Slippage unknown: SunX: live order book, 4 min ago; Phoenix: live order book, 56 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 SunX live order book, 4 min ago | 500.21 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 min ago | 3.15 bp | 18.3 bp −$18 | 25.6 bp −$256 | 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 −0.0005% | 1h | 315.88 | −0.058% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.22 | +0.051% | $50K | $714K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 315.91 | −0.047% | $646 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.10 | +0.013% | $26.3M | $130.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.90 | −0.051% | $14.8M | $49.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.14 | +0.025% | $17.7M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.88 | −0.057% | $35.6M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.05 | −0.003% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDTlong | +0.0100% | 4h | 316.06 | long leg | $1K | $1.9M | 20x | |
| HTX TAO-USDT | +0.0100% | 4h | 315.86 | −0.063% | $116K | $589K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 316.19 | +0.041% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 316.36 | +0.096% | $174K | $998 | 3x | as long as short |
| dYdX TAO-USD | +0.0123% | 1h | 315.84 | −0.070% | $127K | $86K | 5x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 316.18 | +0.038% | $92.3M | $530.3M | 75x | as long as short |
| MEXC TAO_USDT | +0.0162% | 4h | 316.14 | +0.025% | $104.3M | $151.6M | 300x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 316.46 | +0.126% | $42K | $322K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0209% | 4h | 316.16 | +0.032% | $54K | $299K | 10x | as long as short |
| Bullet TAO-USD | +0.0211% | 1h | 316.28 | +0.071% | $12K | $17K | 20x | as long as short |
| Bybit TAOUSDT | +0.0232% | 4h | 316.11 | +0.016% | $69.6M | $155.8M | 50x | as long as short |
| Bulk TAO-USD | +0.0233% | 1h | 316.19 | +0.041% | $168K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0241% | 8h | 316.28 | +0.071% | $14K | $876 | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0254% | 1h | 316.32 | +0.082% | $45K | $257K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0286% | 4h | 316.28 | +0.070% | $541K | $877K | 10x | as long as short |
| Aster TAOUSDT | +0.0320% | 4h | 316.17 | +0.035% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.20 | +0.044% | $371K | $442K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0361% / S −0.0107% | 1h | 315.92 | −0.045% | $371K | — | 100x | as long as short |
| Extended TAO-USD | +0.0368% | 1h | 316.19 | +0.042% | $899K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0402% | 4h | 316.30 | +0.076% | $4.8M | $10.8M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 316.48 | +0.133% | $100K | $371K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0416% | 1h | 316.14 | +0.024% | $15K | $1.9M | 25x | as long as short |
| BingX TAO-USDT | +0.0424% | 4h | 316.09 | +0.009% | — | $37.4M | — | as long as short |
| Hyperliquid TAO | +0.0479% | 1h | 316.34 | +0.089% | $93.2M | $110.2M | 5x | as long as short |
| Nado TAO-PERP | +0.0537% | 1h | 316.29 | +0.074% | $768K | $2.0M | 10x | as long as short |
| Phoenix TAOshort | +0.0578% | 1h | 316.80 | +0.234% | $319K | $714K | 5x | |
| Lighter TAO | +0.0592% | 1h | 316.37 | +0.098% | $1.6M | $6.6M | 5x | as long as short |
| Variational Omni TAO | +0.0622% | 4h | 316.65 | +0.188% | $5.6M | $10.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 316.49 | +0.136% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.23 | +0.053% | $364 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0728% | 1h | 316.14 | +0.025% | $316K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0787% | 1h | 316.28 | +0.070% | $6.0M | $21.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 316.15 | +0.028% | $437K | $682K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 316.48 | +0.133% | $1.2M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 319.36 | +1.044% | $23K | $2K | 12x | as long as short |
Phemex TAOUSDT
Aevo TAO-PERP
dYdX TAO-USD
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
Bullet TAO-USD
Bybit TAOUSDT
Bulk TAO-USD
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
BingX TAO-USDT
Hyperliquid TAO
Nado TAO-PERP
Lighter TAO
Variational Omni TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP