Funding you earn now, next payment 02:00 UTC+0.0522%/8h= +57.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.048%
Price spread now: Backpack against ApeX Omni+0.183%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−1.696%−$170 · spread now +0.183%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.173% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.65 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 | ApeX Omni TAOUSDT | 316.78 | 0.0164 | pay 0.0021% / 1h | 58m 11s | $47K | $252K | 50x |
| Short | Backpack TAO_USDC_PERP | 317.36 | 0.0686 | get 0.0086% / 1h | 58m 11s | $321K | $805K | 10x |
ApeX Omni TAOUSDT
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- $109.52
- Price spread: +0.183% → +0.010%
- $17.3
- Slippage, 4 orders
- −$23.15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $83.66
- Costs to cover
- 0.431%
- Break-even
- 1.7 days
Slippage from ApeX Omni: live order book, 3 min ago; Backpack: live order book, 6 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 ApeX Omni live order book, 3 min ago | 5.52 bp | 12.5 bp −$13 | 117.8 bp −$1,178 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 6 min ago | 2.19 bp | 8.9 bp −$9 | 335.6 bp −$3,356 | doesn't fit | doesn't fit |
TAO on 42 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-USD | −0.0185% | 1h | 315.28 | −0.474% | $167K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.29 | −0.155% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.23 | −0.490% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.79 | −0.313% | $45K | $643K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.96 | −0.574% | $91.0M | $466.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.70 | −0.657% | $26.1M | $113.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | −0.467% | $12.9M | $48.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.57 | −0.382% | $103.4M | $137.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.54 | −0.391% | $17.9M | $30.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.93 | −0.584% | $35.2M | $53.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.02 | +0.075% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.87 | −0.287% | $75K | $721K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.35 | −0.451% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.44 | −0.423% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.75 | −0.641% | $129K | $474K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.74 | −0.644% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.48 | −0.410% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 315.66 | −0.354% | $1K | $728K | 5x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0164% | 1h | 316.78 | long leg | $47K | $252K | 50x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 315.19 | −0.503% | $428K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0198% | 4h | 317.41 | +0.199% | $528K | $957K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0249% | 1h | 315.04 | −0.551% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0281% | 4h | 315.51 | −0.401% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0332% | 1h | 315.61 | −0.369% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0350% | 8h | 316.35 | −0.135% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0368% | 1h | 315.23 | −0.489% | $14K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.00 | −0.246% | $373K | $393K | 10x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 316.03 | −0.237% | $100K | $489K | 5x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 318.30 | +0.480% | $334K | $672K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 315.97 | −0.256% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERPshort | +0.0686% | 1h | 317.36 | +0.183% | $321K | $805K | 10x | |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.62 | −0.366% | $363 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0720% | 4h | 315.60 | −0.372% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0722% | 4h | 314.83 | −0.616% | $66.8M | $138.1M | 50x | as long as short |
| Variational Omni TAO | +0.0848% | 4h | 316.96 | +0.057% | $6.1M | $9.5M | — | as long as short |
| Extended TAO-USD | +0.0888% | 1h | 315.23 | −0.488% | $896K | $2.3M | 25x | as long as short |
| Nado TAO-PERP | +0.0904% | 1h | 315.69 | −0.343% | $756K | $2.1M | 10x | as long as short |
| Lighter TAO | +0.0928% | 1h | 315.59 | −0.375% | $1.6M | $6.1M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.13 | +0.110% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 315.79 | −0.312% | $446K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1276% | 1h | 316.08 | −0.221% | $99.5M | $97.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +1.313% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Arcus TAO-USD
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Nado TAO-PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP