Funding you earn now, next payment 01:00 UTC−0.1426%/8h= −156.1% APRnext payment −$1.78 per $10,000 · paid last 24h −0.307%
Price spread now: Bulk against Aevo+0.735%7-day average −0.156% · 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−$21as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 3 days (all we have)−0.338%−$34 on $10k
+Price spread, last 3 days (all we have)−0.999%−$100 · spread now +0.735%, 7d avg −0.156%
=The price spread pays, funding is against you. Bulk is 0.891% dearer against Aevo than usual: you sell high and buy low (spread +0.735% now, against its 7-day average of −0.156%): +$89 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.338% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.338% in total (about -35.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.78 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 | Aevo TAO-PERP | 317.51 | 0.0104 | pay 0.0013% / 1h | 30m 26s | $174K | $998 | 3x |
| Short | Bulk TAO-USD | 319.84 | −0.1322 | pay 0.0165% / 1h | 30m 26s | $170K | $44K | 10x |
Aevo TAO-PERP
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Aevo. 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
- −$299.41
- Price spread: +0.735% → −0.156%
- $89.08
- Slippage, 4 orders
- −$87.19
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$320.53
- Costs to cover
- 1.102%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 43 min ago; Bulk: live order book, 43 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 Aevo live order book, 43 min ago | 34.18 bp | 48.7 bp −$49 | 299.5 bp −$2,995 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 43 min ago | 0.16 bp | 4.6 bp −$5 | 11.3 bp −$113 | 21.0 bp −$2,098 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDshort | −0.1322% | 1h | 319.84 | +0.735% | $170K | $44K | 10x | |
| Phemex TAOUSDT | −0.0198% | 4h | 317.95 | +0.140% | $3.4M | $7.8M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.15 | −0.112% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.04 | −0.146% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.24 | −0.084% | $42K | $589K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.16 | −0.107% | $91.4M | $447.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.30 | −0.065% | $26.0M | $108.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.10 | −0.128% | $12.9M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.36 | −0.046% | $108.2M | $134.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.39 | −0.036% | $18.1M | $29.2M | 75x | as long as short |
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 317.26 | −0.077% | $35.4M | $50.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 319.52 | +0.633% | $40K | $293K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.30 | −0.065% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.19 | −0.099% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.60 | +0.345% | $127K | $424K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0104% | 4h | 320.01 | +0.788% | $529K | $969K | 10x | as long as short |
| Aevo TAO-PERPlong | +0.0104% | 1h | 317.51 | long leg | $174K | $998 | 3x | |
| Katana Perps TAO-USD | +0.0114% | 8h | 317.29 | −0.068% | $734 | $623K | 5x | as long as short |
| Bullet TAO-USD | +0.0144% | 1h | 317.30 | −0.064% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0161% | 1h | 317.26 | −0.076% | $17K | $1.5M | 25x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0092% | 1h | 317.02 | −0.155% | $458K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 317.62 | +0.036% | $376K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.90 | +0.124% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0230% | 4h | 317.67 | +0.051% | $1.1M | $8.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 317.68 | +0.054% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0312% | 1h | 317.57 | +0.020% | $93K | $638K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.00 | +0.156% | $4.5M | $10.8M | 100x | as long as short |
| Bybit TAOUSDT | +0.0411% | 4h | 317.57 | +0.020% | $65.4M | $132.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 317.25 | −0.081% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0436% | 4h | 318.35 | +0.264% | $5.5M | $8.7M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0483% | 1h | 317.40 | −0.032% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 320.00 | +0.786% | $335K | $624K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0552% | 1h | 320.00 | +0.786% | $48K | $266K | 50x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 322.97 | +1.721% | $23K | $678 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 317.50 | −0.002% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 317.39 | −0.038% | $365 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0798% | 1h | 317.34 | −0.053% | $886K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0884% | 1h | 318.33 | +0.260% | $322K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.85 | +0.423% | $1.5M | $6.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.45 | −0.016% | $422K | $600K | 5x | as long as short |
| Extended TAO-USD | +0.1152% | 1h | 317.35 | −0.050% | $927K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1384% | 1h | 317.86 | +0.111% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2194% | 1h | 317.64 | +0.042% | $102.4M | $91.0M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
GRVT TAO_USDT_Perp
Katana Perps TAO-USD
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Kraken Futures PF_TAOUSD
Phoenix TAO
ApeX Omni TAOUSDT
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Extended TAO-USD
Lighter TAO
Hyperliquid TAO